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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 ...
Many Volkswagen diesel models are currently pre-approved for a tax credit of between $1,000 and $1,700. Because diesels are less common in the U.S. than standard gasoline cars, there are many more remaining tax credits for these Volkswagen models than there are for popular hybrid models like the Toyota Prius. [11]
The tax credit is to be phased out two calendar quarters after the manufacturer reaches 60,000 new cars sold in the following manner: it will be reduced to 50% if delivered in either the third or fourth quarter after the threshold is reached, to 25% in the fifth and sixth quarters, and 0% thereafter.
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 ...
Toyota says that the change from Prime to Plug-in Hybrid is meant to make it easier for shoppers to understand the different powertrain options offered on the RAV4 and the Prius.
The second-generation Prius plug-in hybrid, known as the Toyota Prius Prime in the US, Canada, South Korea and New Zealand, was unveiled at the March 2016 New York International Auto Show. [89] Retail deliveries of the Prius Prime began in the US in November 2016, and, unlike the first-generation model, it was available in all 50 states.
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 ...