As New Jersey’s electric vehicle incentive plan enters its next phase, the state’s Board of Public Utilities wants a little more mileage out of its money.

The state board’s Charge Up program plans to reduce its maximum incentive for the 2023 fiscal year to $4,000 in an effort to “allow the existing funding to go further and provide more incentives for EVs in New Jersey,” BPU records show. Most recently, the program provided residents up to $5,000 off the purchase or lease of new, eligible zero-emission vehicles, including battery electric and plug-in hybrid electric models retailing for less than $55,000. Read More from Courier Post.