NJ EV Tax Exemption
NEW JERSEY ELECTRIC VEHICLE TAX EXEMPTION
Are electric vehicles tax exempt in New Jersey? From fuel savings to zero emissions and less maintenance for your car, there are many benefits to buying an electric vehicle, another being tax exemption! There is a 6.625% Sales Tax in New Jersey, so with this exemption, you can save 6.625% with your electric vehicle purchase, lease, or rental! This money-saving zero emission vehicle NJ EV sales tax exemption applies for both new and used electric vehicles. That means that you can enjoy the perk of tax exemption whether you buy, rent, or lease a new or used zero emission vehicle.
Want to learn more about what vehicles are sales tax exempt in New Jersey? Are you ready to buy or lease a new Lexus EV model? Continue reading below to check out this guide on sales tax exemption for zero-emission vehicles in New Jersey!
Lexus Electric Models - Meet the Lexus RZ
Experience the Lexus RZ in Englewood, NJ - the first all-electric Lexus to join the Lexus model lineup! The RZ 450e is a luxury electric SUV crafted on a battery-electric platform that comes standard with the capability of the DIRECT4 all-wheel drive system and offers a great estimated all-electric range of up to 220 miles so that you can travel with peace of mind. Get to know the Lexus RZ further by exploring our Model Research Page.
WHAT IS THE NJ EV TAX EXEMPTION?
Vehicles that are battery-powered or fuel-cell powered with zero emissions are exempt from state sales tax! That means that you can drive home in a new Lexus RZ all-electric vehicle and enjoy this perk today!
How do you receive your sales tax exemption? To get your sales tax exemption on your new or used zero emission vehicle, the process is easy. For a new car, so for your new Lexus RZ, the dealership needs to complete the Exempt Use Certificate.
If you decide on a used electric car, the person whom you are purchasing the car from should complete the Certificate as well. When you go through the vehicle registration process, remember to bring along your Certificate. Both options, when completing the Exempt Use Certificate, for the statutory reference, will need to be sure to cite N.J.S.A. 54:32B-8.55. Read More Here
BUY A NEW LEXUS RZ OR USED EV AT DARCARS Lexus of Englewood
If you are thinking about upgrading to an electric car in NJ, our Lexus dealership is your next stop. At DARCARS Lexus of Englewood, we carry a wide inventory of the latest electric Lexus models, including the all-new RZ, and you can shop for used electric cars and SUVs with us, too.
We have gone over the tax exemption benefit for buying a zero-emissions motor vehicle, but there are many other EV incentives that you can enjoy when making the switch to an electric car. Find out more by contacting our car dealership today.
Learn More About EVs at DARCARS Lexus of Englewood
Check Out Lexus Electrified
Learn about Lexus electric vehicles in Englewood, NJ, and charging your EV!
Apply for Financing
Want to explore Lexus financing options for your new EV? Apply today!
Shop Used Electric Cars
Get behind the wheel of a used EV! Our car dealership offers a wide range of pre-owned electric vehicles.
Contact Finance Department
Have questions about buying a Lexus electric car? Contact our Lexus finance department!