Toyota will join Tesla, GM in losing EV tax credit after it reaches sales cap
Teslarati
APRIL 7, 2022
This means anyone buying a Toyota EV after the company reaches 200,000 electric units sold will not receive the credit. Toyota reached the cap by selling plug-in hybrid vehicles, like the RAV4 Prime and Prius Prime. After electric vehicle manufacturers reach 200,000 unit sales, they no longer qualify for the EV tax credit.
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