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Does Toyota qualify for the electric vehicle (EV) tax credit of $7,500? According to the IRS, an electric vehicle must be built in North America to qualify for a tax credit. Toyota currently only has one EV in its lineup, the bZ4X, which is built in Japan. However, you may still be eligible for a Toyota EV tax credit if you lease a new bZ4X rather than purchase it. Learn more in our guide below, and please don’t hesitate to contact us at Wesley Chapel Toyota if you have any questions.
Toyota does qualify for the EV tax credit if you lease a bZ4X instead of buying it. Additional vehicle requirements include:
The Toyota bZ4X tax credit is also dependent on your household income. In order to qualify, your household adjustment income must not exceed $300,000 for married couples filing jointly, $225,000 for heads of households, and $150,000 for all other filers.
Beyond a potential tax credit, what else can you look forward to when you lease a 2024 Toyota bZ4X? Explore some highlights of this all-electric SUV below:
Are you ready to discover everything else the Toyota bZ4X brings to your Tampa drives? Get in touch with us at (813) 973-8888 to schedule a test drive in Wesley Chapel.
Our team can help confirm your eligibility for a Toyota EV tax credit, so contact us today or visit our dealership near Lakeland and Brandon. In the meantime, explore our current lease offers. We look forward to working with you.
*Base MSRP excludes manufacturer, distributor and dealer options, taxes, title and license and dealer fees and charges. Also excludes the Delivery, Processing and Handling of $1,095 for Cars (Corolla, Corolla HV, Corolla HB, GR Corolla, Camry, Camry HV, Prius, Prius Prime, Toyota Crown, Mirai, GR86, GR Supra), $1,350 for Entry SUV/Small SUV (Corolla Cross, Corolla Cross HV, RAV4, RAV4 HV, RAV4 Prime, bZ4X), $1,395 for Mid SUV/Van (4Runner, Venza, Highlander, Highlander HV, Grand Highlander, Grand Highlander HV, Sienna, Land Cruiser, Toyota Crown Signia), $1,495 for Small Pickup (Tacoma), $1,850 for Large Pickup/Large SUV (Tundra, Tundra HV, Sequoia). (Historically, vehicle manufacturers and distributors have charged a separate fee for processing, handling and delivering vehicles to dealerships. Toyota’s charge for these services is called the “Delivery, Processing and Handling” and is based on the value of the processing, handling and delivery services Toyota provides as well as Toyota’s overall pricing structure and may be subject to change at any time. Toyota may make a profit on the Delivery, Processing and Handling.) The Delivery, Processing and Handling in AL, AR, FL, GA, LA, MS, NC, OK, SC and TX may vary. The published prices do not apply to Puerto Rico and the U.S. Virgin Islands. Dealer price will vary.
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