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These incentives mainly take the form of purchase rebates, tax exemptions and tax credits, and additional perks that range from access to bus lanes to waivers on fees (charging, parking, tolls, etc.). [1] The amount of the financial incentives may depend on vehicle battery size or all-electric range. Often hybrid electric vehicles are included.
As a result of these models' smaller battery packs, the plug-in Prius of 2012–2015 qualified for a $2500 tax credit, while 2017 and newer Prius PHEVs nab a $4502 credit. The RAV4, meanwhile ...
Existing incentive programs are also set to phase out after a given maker sells 60,000 hybrid vehicles, so more popular models like the Toyota Prius are no longer subject to a tax credit. [7] Incentives may also vary based on how well the car in question performs in these “green” categories. [8] For example, the buyer of a Tesla Roadster, a ...
In February 2011, Toyota USA asked the US public to decide on what the most proper plural form of Prius should be, with choices including Prien, Prii, Prium, Prius, or Priuses. [9] [10] The company announced on 20 February that "Prii" was the most popular choice, and the new official plural designation in the US. [11]
The changes expand rebates to used cars, for those who meet income restrictions. But plug-in hybrids are no longer eligible. What to know about changes to Massachusetts' electric vehicle rebate ...
The PHEV version of the Prius took on the name "Prime" when it returned for another generation in 2017, and Toyota added a Prime version of its popular RAV4 crossover for the 2021 model year. Now ...
Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
The 2023 Toyota Prius Prime is shaping up to be a hit. It's got 220 hp, 44 miles of electric range, and—for the first time in Prius history—a sleek, attractive design. The only real negative ...