Economic Insights
See Auto Industry Impacts at the National, State, and Congressional District levels.
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- Industry Impact
- Tax Revenue
- Registrations
- New Purchases
- Activity at Ports
- Fueling
- Consumers
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Congressional District 8
Autos Drive New Jersey Forward
Industry Impact
6.5K
6.5 Thousand total auto jobs in New Jersey
1.70%
1.70% depend on the auto industry for jobs
$507.15M
Total Labor Income Annually
21.2K
Total New Cars Sold in 2022
Multi-industry contribution analysis of the economic impact of automotive manufacturing, selling, repairing, renting, and additional maintenance modeled using IMPLAN economic analysis data software, 2021 data year; compiled by Alliance for Automotive Innovation with data provided by S&P Global Mobility, sales figures represent new vehicle registrations between January 1, 2022 - December 31, 2022.
Tax Revenue
$63.79M
total state tax revenue
$1.9M
corporate profits tax
$5.06M
federal income taxes
Registrations
372K
Registered
By Body Style
- Cars 156,520 (42.08%)
- UVs 161,904 (43.53%)
- Pickups 19,716 (5.3%)
- Vans/Minivans 27,855 (7.49%)
By Powertrain
- ICE / Hybrid 367,848 (98.9%)
- Electric 3,008 (0.81%)
- Plug-In Hybrid 1,097 (0.29%)
- Fuel Cell 0 (0%)
The New Jersey congressional district 8 average age of vehicles is 11.7 years; The national average is 12.2.
Figures compiled by Powerbase Associates with data provided by S&P Global Mobility as of December 31, 2022.
New Purchases
21.2K
Vehicles Sold
By Body Style
- Cars 4,816 (22.71%)
- UVs 14,818 (69.88%)
- Pickups 1,065 (5.02%)
- Vans/Minivans 507 (2.39%)
By Powertrain
- ICE / Hybrid 19,480 (91.86%)
- Electric 1,344 (6.34%)
- Plug-In Hybrid 383 (1.81%)
- Fuel Cell 0 (0%)
Auto-related Activity at Ports
Economic Activity From Past Decade
- 18.86B 18.86 Billion Total Exports
- 137.08B 137.08 Billion Total Imports
Economic Activity from 2022
- 2.4B 2.4 Billion Total Exports
- 14.22B 14.22 Billion Total Imports
Compiled by Powerbase Associates with data provided by USA Trade Online, figures represent port activity over the past decade and between January 1, 2022 - December 31, 2022.
Fueling
- Gasoline Stations 174
- EV Level 2 Charging Ports 147
- EV Level 2 Charging Stations 59
- EV DC Fast Charging Ports 17
- EV DC Fast Charging Stations 4
Compiled by Alliance for Automotive Innovation with data provided by U.S. Department of Energy's Alternative Fuels Data Center, figures represent fueling data as of January 1, 2023.
Consumers
$71.7K
Median Household Income
29.60%
Owner Occupied Housing
70.40%
Rental Occupied Housing
74.70%
Owner Occupied Single Family Homes
Commuting to Work
- Drive Alone to Work (35.50%)
- Carpool to Work (9.30%)
- Take Public Transportation (19.20%)
- Work From Home (25.40%)
- Other (10.60%)
Housing Type
- Single Family Home (10.50%)
- 1-Unit (5.20%)
- 2-4 Units (36.10%)
- 5-9 Units (9.90%)
- 10-19 Units (9.20%)
- 20+ Units (29%)
- Mobile / RV / Boat (0.20%)
Figures compiled by Alliance for Automotive Innovation with data provided U.S. Census Bureau's American Community Survey 2021.