NJ Zero Emission Vehicle (ZEV) Financing
Administered by: New Jersey Economic Development Authority (NJEDA)
Quick Summary
This program provides commercial and industrial businesses in New Jersey with fixed, low-interest rate loans of $50,000 to $500,000 to purchase new medium- or heavy-duty zero emission vehicles, covering up to 100% of eligible vehicle costs. To qualify, your business must be registered in New Jersey, in good standing with state labor and environmental agencies, and have or plan to access charging or hydrogen fueling infrastructure; applications are currently paused while the Authority evaluates submitted applications. The first year prioritizes $15 million of the $25 million total funding for applicants in Overburdened Communities.
AI-generated summary • Updated 7/12/2026
Program Details
- Program ID
- 22780
- Last Updated
- 8/8/2025
Eligibility
Incentive Amount
$25,000,000
Program Summary
***NOTE: NJ ZEV was approved by the NJEDA Board on Feb 12, 2025. Applications will open following approval of eligible vendors and vehicles. The NJ ZEV (Zero Emission Vehicle) Financing Program is a loan program to provide financing for commercial vehicle operators (industrial or commercial sector) to adopt medium- and heavy-duty zero emission vehicles instead of typical combustion vehicles. The NJ ZEV Financing program offers fixed, low-interest rate loans. Loans range from $50,000 to $500,000 for up to a maximum of 100% of eligible vehicle costs. Among other eligibility requirements, applicants must have existing charging/hydrogen fueling infrastructure, provide a detailed plan to construct/contract with a charging/hydrogen fueling provider, or identify compatible public charging infrastructure to be available for use for the vehicle(s) being financedFor the first year following application launch, $15M of the total $25M program funding will be set aside for Overburdened Community Applicants.
Contact & Resources
Please verify current program details with the administering agency before making any financial decisions.