There will soon be $45 million up for grabs for New Jersey businesses looking to purchase zero-emission vehicles.
The New Jersey Economic Development Authority announced on Monday the upcoming expansion of its New Jersey Zero Emissions Incentive Program (NJ ZIP) which has already accepted and approved applications in some cities.
NJEDA also announced that the pilot program will be expanded to include purchases of heavy-duty vehicles, such as buses and tractor-trailers – until now, the program applied to medium-duty vehicles, such as vans and shuttles .
“We expect to be able to support 200 to 500 vehicle purchases,” said Victoria Carey, clean energy manager for NJEDA.
The voucher program, funded by the Regional Greenhouse Gas Initiative, can reduce the cost of buying a business by up to $100,000.
While zero-emission vehicles have higher upfront costs, Carey said, they are less expensive to operate over time. Thus, companies that take advantage of the program would benefit doubly financially and operate a more environmentally friendly operation.
Information for interested participants should be available on the the agency’s NJ ZIP page once program approval goes through a mandatory 10-day review period.
As of last month, NJEDA had approved 144 applications totaling $32.2 million in vouchers. According to Carey, more than 90% of program participants are small businesses and 57% are women-owned or minority-owned businesses.
Dino Flammia is a reporter for New Jersey 101.5. You can reach him at email@example.com
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Beautiful Sunflower Fields to Visit in New Jersey 2022
Among the reasons why the “Garden State” remains an apt nickname for New Jersey – the end of summer means the arrival of sunflower season.
There are at least six domains, spanning the state. Some are in bloom as early as early August, while others should peak from late August to late September.
It is always advisable to call or email before you go if the weather seems to be an issue.