New Jersey Phasing Out Sales Tax Exemption For EV Buyers
Carscoops
FEBRUARY 29, 2024
New Jersey residents in the market for a new or used battery- electric vehicle will soon have to cough up more money after state officials revealed it will phase out a sales tax waiver. For the past 20 years, local buyers, leasing, or renting a new or used electric vehicle have been exempt from a 6.625% sales tax.
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