EV rebates halted in New Jersey
The purpose of electric vehicle rebates is to encourage consumers to choose cleaner and more affordable EVs over traditional gasoline or diesel-powered vehicles. This is crucial as the transportation sector is a major contributor to greenhouse gas emissions. Unfortunately, New Jersey has suspended its EV rebate program for the time being. According to the New Jersey Board of Public Utilities, the program provided around $35 million in rebates during its first year.
One of the main reasons for offering EV rebates is to reduce greenhouse gas emissions. As transportation is a significant source of such emissions, EVs represent a cleaner alternative. By promoting the adoption of EVs, governments aim to reduce the overall carbon footprint of the transportation sector and combat climate change. In addition, governments may offer EV rebates to support economic growth and create jobs in the EV industry. By stimulating the development and adoption of EVs, governments hope to create a new market for related industries, including battery production, charging infrastructure, and software development.
A 4.8 magnitude earthquake hit near Whitehouse Station, New Jersey, and its tremors were felt all the way from Maine to Washington D.C.!