- New Jersey has clarified the phase-out of the sales tax exemption for zero emission vehicles
- The exemption will be gradually reduced over a period of four years
- The phase-out will begin in 2023 and end in 2026
- This change aims to encourage the adoption of electric vehicles while ensuring tax revenue for the state
Source: research.ibfd.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
