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Remember, any plug-in hybrid, including those from Hyundai, Kia, and Toyota (such as the RAV4 Hybrid, pictured) and other models from BMW, becomes eligible for the credit when it's leased—even ...
Buyers of Toyota and Lexus hybrids are eligible for up to a $7,500 federal tax credit, but that "discount" will start to go away this fall.
New purchase: The full tax credit is only available for new electric car purchases, not used ones. However, some pre-owned vehicles purchased in 2023 or after are eligible for a tax credit of up ...
Both the Nissan Leaf electric vehicle and the Chevrolet Volt plug-in hybrid, launched in December 2010, are eligible for the maximum $7,500 tax credit. The Toyota Prius Plug-in Hybrid, released in January 2012, is eligible for a $2,500 tax credit due to its smaller battery capacity of 5.2 kWh.
The RAV4 EV's battery system is a consumable item. Toyota reports that battery pack replacement costs are currently higher than the value of the used vehicle. [16] Toyota tested the RAV4 EV in Japan for 300,000 miles (480,000 km) over two years before introducing the vehicle in the United States.
Both the Nissan Leaf electric vehicle and the Chevrolet Volt plug-in hybrid, launched in December 2010, are eligible for the maximum $7,500 tax credit. [39] The Toyota Prius Plug-in Hybrid, released in January 2012, is eligible for a US$2,500 tax credit due to its smaller battery capacity of 5.2 kWh. [40]
Federal tax credits for plug-in electric vehicles and fuel cell electric vehicles purchased in 2023 or after may be eligible for a federal income tax credit of up to $7,500 for new vehicles and up ...
The vehicle, called the RAV4 PHEV (RAV4 Prime in North America until model year 2025), is powered by a differently-tuned 2.5-litre A25A-FXS engine with the same power output as the standard hybrid version but with uprated torque to 228 N⋅m (168 lb⋅ft) at 2,800 rpm. It has a total power output of 225 kW (302 hp), which is 62 kW (83 hp ...
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