created the program. Under this law, NJBPU will provide at least $30 million in annual incentives for the Charge Up New Jersey program for a period of 10 years ($300 million TOTAL). Unfortunately, the funding has been exhausted in all prior funding phases before their one-year anniversaries, and we anticipate that funding will be exhausted again before the one-year anniversary of this phase. A recent analysis of the incentive utilization found that the following three counties led the way: 1. Middlesex County 17.24% incentives $14,492,300 total 2. Bergen County 13.46% incentives $12,506,950 total 3. Monmouth 8.43% incentives $8,151,600 total WHERE IS THE LOWEST UTILIZATION AMONG ALL 20 COUNTIES? There are five counties with less than 1% of program utilization: Salem County 0.17% incentives $166,600 total Cumberland County 0.28% incentives $249,275 total Cape May County 0.47% incentives $470,000 total Warren County 0.57% incentives $514,125 total Sussex County 0.84% incentives $734,700 total WHAT HAS BEEN THE DISTRIBUTION OF INCENTIVES SINCE 2020? According to data available on the Charge Up New Jersey website, below is a brief snapshot of incentives per month from May 2020 through August 2023. HOW MUCH FUNDING REMAINS? Dealers and consumers can find out the latest information regarding available funding by visiting the Charge Up New Jersey Program website (chargeup.njcleanenergy.com). 26 new jersey auto retailer
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