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State andor local incentives may also apply.
Tax credit for toyota prius prime. 2018 prius prime epa estimated combined mpge. But theres a good catch with the prius prime and it comes in the form of a federal tax credit worth 4502. The credit amount will vary based on the capacity of the battery used to power the vehicle.
The 2020 toyota prius prime is eligible for both federal and provincial tax rebates in provinces that offer them. All electric and plug in hybrid cars purchased new in or after 2010 may be eligible for a federal income tax credit of up to 7500. The list includes the 2020 toyota prius prime 2020 honda clarity phev 2020 chrysler pacifica hybrid and upcoming 2021 toyota.
Battery capacity will decrease with time and use. A few plug in hybrids qualify for the full federal ev tax credit. Actual mpge will vary depending upon driving conditions how you drive and maintain your vehicle and other factors.
For some models the credit amount can fall well below 7500. Find the best toyota prius prime discounts and current offers. Battery capacity will decrease with time and use.
The federal level izev program stands for incentives for zero emission vehicles and qualifies owners of such vehicles for a tax rebate. Actual mpge will vary depending upon driving conditions how you drive and maintain your vehicle and other factors. 2019 prius prime 55 city53 hwy54 combined mpg estimates determined by toyota.
At its starting price the prius prime is 3695 more than a standard prius. For more information see wwwfueleconomygov. Either way the federal tax credit available to anyone buying a prius prime in the us anyone who files and pays taxes is 4500.
For example the toyota prius prime a plug in hybrid hatchback only qualifies for a 4502 tax credit. Federal tax credit up to 7500. Depending on which numbers you use that makes the plug in at.
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