rav4 prime tax credit reddit

Federal tax credits for electric vehicles EVs. Personally I wanted the RAV4 Prime.

From Jeeps To Toyotas See How Much Your Car Can Score You Up To 7 500 In Tax Credits The Full List Revealed The Us Sun

The RAV4 Prime no longer qualifies for the federal EV tax credit.

. 3 Mar 6 2022. However the cost of Prime exceeds. All of the above.

Is it a crossover. If taking a delivery or put the car in service of a Model Year 2021 Rav4 Prime in Q1 or Q2 of 2022 is it still eligible for 7500 fed tax credit but cant claim the credit until filing tax in 2023. Prius prime has a 88 kwh battery RAV4 prime has a 17ish kWh battery.

The 2021 Toyota RAV4 Prime qualifies for the full 7500 tax credit because of its larger battery Kelley Blue Book reports. The credit is calculated using a rate of 417 per kWh. You get 2500 flat 417 if car is at least 5 kWh 417 x the remaining KWh that brings the total to below.

No the Toyota RAV4 Prime is no longer eligible for any federal tax credits from the IRS as of August 16 2022. If you have two parents you can receive 15k per year from each parent or 30k max per year from two parents. Toyota Owners Club posted a record in Toyota News Articles August 24.

Basically anytime in 2022 if you either take delivery of the vehicle or. Learn More FAQ. The Inflation Reduction Act of 2022 IRA changed the US.

What matters is the date the new vehicle is placed in service. Lets back up for some context. If you get a RAV4 Prime delivered to a dealership lets say December 15th youll still be eligible for the half 3750 tax credit.

If you get a R4P by the end of the year then youll fall under current tax credit rules which include a. In 2010 the federal government. Here those of us who appreciate this fine automobile and want.

Here is an example of. Im pretty sick of all these motoring articles always going on about how affordable the rav4 prime is with the tax credit. It has a lot of electric range compared to the NX Plug in.

But remember the federal credit is not refundable. And I dont think they will take away the electric RAV4 prime tax credit Retroactively if at all. Model year does not matter.

Big Chunk of Owners Will Not Buy 2022 Toyota RAV4 Prime Because of Tax Credit Phaseout. Order books are now open at Toyota retailers for the new. Family of 4 with no other tax credits except child tax.

In the next few weeks the United States government will stop giving a 7500 tax. The toyota rav4 prime is one of a few 2021 toyota vehicles. The Toyota RAV4 is a terrific car that doesnt seem to fit into any one category.

Orders open for the new 2023 Toyota Corolla.

Rav4 Prime Xse Non Pp Buyer S Remorse R Rav4prime