New Jersey has announced $10.8 million in new investments to curb emissions from the transportation sector. $6.9 million from the Regional Greenhouse Gas Initiative (RGGI) quarterly auction proceeds will be spent on medium- and heavy-duty electric vehicles including school buses, garbage trucks, transit and shuttle buses. With $3.9 million in funds from the Volkswagen Settlement, the state will purchase 62 fast-charging stations.
To date, New Jersey has invested more than $100 million—$57 million in RGGI proceeds and $60 million in Volkswagen Settlement funds—for 370 electric vehicles.
New Jersey’s Electric Vehicle Law, signed in 2020, establishes a goal of having at least 1,000 community charging locations by 2025.