Automotive

Toyota EV Tax Credit Nears End

Take away for Auto Dealers — It’s good to pay attention to the air war, but you will always win or lose based on the ground game YOU control.
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Toyota EV Tax Credit Nears End

Toyota is the next manufacturer in line to use up its federal EV tax credits. The tax credit grants full or partially electric vehicle buyers a $7,500 tax credit, but only for the first 200,000 for each automaker. Toyota ended 2021 with 183,000 tax credits issued.  

Expanding instead of expending? Toyota, Tesla, and GM are lobbying for an extension while opposing an additional credit for unionized manufacturers.

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