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Toyota EVs and plug-in hybrids: Full $7,500 EV tax credit will likely phase out October 1

By greencarreports.com 07/02/2022 - 14:00 07/02/2022 Greencarreports

It appears that sales of Toyota’s plug-in models in recent months were enough to trigger the automaker’s phaseout period for the federal EV tax credit this past quarter—leaving buyers less than nine months to buy a vehicle like the BZ4X electric car or RAV4 Prime plug-in hybrid and be able to claim the full $7,500 amount. Across… More…