Federal Tax Credit up to $7,500!


Zero Emission Vehicles are not only better for the planet but they can save you thousands when you take advantage of the many federal and NJ state incentives that are available to you when you purchase or lease a Hyundai electric vehicle from Freehold Hyundai!

Here are some of the programs available to you:


Federal Tax Credit

All newly purchased or leased electric and plug-in hybrid vehicles may be eligible for a federal income tax credit of up to $7,500. The credit amount will vary based on the capacity of the battery used to power the vehicle.


Charge Up NJ Rebate

The total incentive amount for an eligible vehicle equals $25 per mile of EPA-rated all-electric range. Vehicles with an electric range of over 200 miles are eligible for the maximum incentive of $5,000.


NJ Sales Tax

Zero Emission Vehicles are exempt from the NJ state sales tax, so you'll save 6.625% on the sale, lease or rental of a new or used battery electric vehicle.


Lane Access

High-occupancy vehicle lanes, or HOV lanes, are located on sections of the New Jersey Turnpike and are set aside during peak travel times for vehicles carrying three or more people. Electric vehicles can drive in the HOV lanes, regardless of the number of passengers in the vehicle.


Green Pass Discount

Electric vehicles are qualified to receive reduced toll rates through their EZ Pass accounts: 10% discount on the off-peak rate for the New Jersey Turnpike and Garden State Parkway.


For Charging Stations

Grants to offset the cost to purchase and install electric vehicle charging stations in public parking lots and garages, apartments and condominiums, workplaces, hotels, retail, downtown areas, rest stops, and more.

Government incentives and benefits are not within Hyundai's control and are subject to change or expire without notice. These incentives and benefits are referenced for informational purposes only. This information does not constitute tax, financial or legal advice. Please consult with your tax, financial or legal professional to determine eligibility, amount of incentives and/or benefits available, if any, and further details.