Sometimes opportunity comes knockin’, and sometimes you watch it fade before your very eyes.
One happy byproduct of the purchase of an electric vehicle is a reduced cost of ownership, as EVs are cheaper to refuel.
This means that consumers can potentially miss the chance to claim the full $7,500 tax credit if they purchase an EV from an automaker that has exceeded its 200,000 tax credit limit.
The Toyota bZ4X’s tax credit eligibility is entirely dependent on how many plug-in hybrid and EVs Toyota sells.
The government won’t completely revoke an automaker’s tax credit eligibility after 200,000 credits are used.
So, there’s still hope for you if you are looking to claim a $7,500 tax credit on the Toyota bZ4X.
Either way, the electric SUV could be an incredible deal with the help of tax incentives.