As sales of electric vehicles (EVs) rise in New Jersey, so do taxes on residents. Earlier this year, Gov. Phil Murphy (D-N.J.) signed a phaseout on the sales tax exemption for zero-emission EVs.
New Jerseyans already pay some of the highest taxes in the nation. According to the Tax Foundation, the Garden State has the eighth highest gas tax rate in the country. And, as Kiplinger previously reported, New Jersey is one of the most expensive states for homeowners to live in.
