NJEDA Launches $50M Take Charge Program to Expand EV Infrastructure

The New Jersey Economic Development Authority (NJEDA) Board has approved a new clean energy program that will increase the number of EV charging stations across the state. 

The $50 million Take Charge Program will dedicate funding to charging infrastructure projects for private commercial fleets, assisting in covering the cost of labor, materials, and equipment. 

Companies eligible to apply include for-profit commercial organizations with two or more commercial-use vehicles.  

The program’s minimum award is $50,000; awards will be capped at 50 percent of eligible project costs. The cap may be increased in 5 percent increments if certain criteria are met, including if a project is located in an Overburdened Community (OBC).  

OBCs are block groups that have at least 35 percent low-income households; at least 40 percent of the residents identify as minority or as members of a state-recognized tribal community; or at least 40 percent of the households have limited English proficiency.  

The program is funded through the Regional Greenhouse Gas Initiative (RGGI). 

“Under Governor Phil Murphy’s leadership, New Jersey is leading the way in advancing robust programs and initiatives aimed to create a cleaner environment for future generations,” said NJEDA Chief Executive Officer Tim Sullivan, in a statement. “The Take Charge Program will complement the NJEDA’s other clean energy initiatives that support expanding the state’s fleet of electric vehicles, improving air quality, saving businesses money, and bolstering our green economy.” 

Vendor applications are now being accepted on a rolling basis, with purchaser applications opening soon. 

Read more here.