Webinar will Help Potential Applicants Secure Funding of up to $175,000 for Zero-Emission Vehicles
TRENTON, N.J. (March 17, 2023) – The New Jersey Economic Development Authority (NJEDA) will host a webinar to offer details of the expanded New Jersey Zero-Emission Incentive Program (NJ ZIP) on Thursday, March 23. Specifically, the webinar will provide business owners with important information on expanded eligibility, updated application processes, and technical assistance services in advance of the opening for Phase 2 of NJ ZIP. The application for NJ ZIP – Phase 2 will open to businesses and institutions statewide on April 18 and will be available at http://www.njeda.com/njzip.
NJ ZIP provides vouchers of $20,000 to $175,000, based on vehicle class, to business and institution owners to support the purchase of new, zero-emission medium- and heavy-duty vehicles. Additional bonuses will also be available. The $45 million enlargement of the program for Phase 2 includes expanding eligibility statewide and the purchase of heavy-duty in addition to medium-duty vehicles.
NJ ZIP first launched in 2021 as a pilot program available only to businesses and institutions in the greater Newark and Camden areas, and subsequently expanded to the greater New Brunswick and greater Jersey Shore areas. Phase 1 of the program only supported medium-duty vehicles. More than $39 million in vouchers has been approved through Phase 1 of the program to date.
In line with Governor Phil Murphy’s recent pledge to convert to 100 percent zero-emission vehicles statewide by 2035, NJ ZIP aims to expedite the adoption and use of clean-energy vehicles for business owners to reduce harmful greenhouse gas emissions and bolster the state’s clean energy economy.
Complete program eligibility and details can be found at https://www.njeda.com/njzip/
The webinar is scheduled from noon to 1:30 p.m. on March 23. Those interested can find out more about the program and register for the webinar at https://njeda.zoom.us/webinar/register/WN_lJ8tDiYyRmS8IQIO74sfRg. A recorded version of the event will be posted at https://www.njeda.com/njzip/ following the webinar.
Information Courtesy of the NJEDA