As energy, transportation, and housing costs continue to rise, affordability remains a central concern for New Jersey households, and clean energy policies present a crucial mechanism to positively influence in-state living costs.

This memo provides a quantitative assessment of four core policy rollbacks — repealing electric vehicle (EV) standards, removing appliance efficiency standards, prohibiting new offshore wind development, and withdrawing from the Regional Greenhouse Gas Initiative (RGGI) — and estimates their combined effect on household energy and transportation costs through 2050.

The analysis finds that rolling back these four policies would cost households an average of $850 per year, in the form of increased utility bills and vehicle expenses. Through 2050, this represents more than $21,300 in cumulative losses per households, or approximately $75 billion in household costs statewide.