Some sources on the web were speculating 2-3K more, but I do think that's very optimisitc. The credit will begin to phase out when at least 200,000 qualifying vehicles manufactured by each manufacturer have been sold in the U.S. The federal tax credit should knock the cost of the RAV4 Prime … According to Car and Driver, "The Toyota RAV4 hybrid has sold 29,319 units through June 2019 , just beating out the Toyota Prius, which sold 29,241 units. These vehicle tax credits are available for 2019 Tax Returns: Alternative Motor Vehicle Tax Credit; Qualified Plug-In Electric Drive Motor Vehicle Tax Credit; When you prepare and e-File your 2019 Tax Return on eFile.com, you don't have to worry about which of the credits above you qualify to claim on your tax return. If so, it would qualify for the full $7,500 federal tax credit. Toyota's Prime designation never got our motor running, but the 2021 Toyota RAV4 Prime plug-in hybrid SUV has our attention with solid electric range and 302 horsepower. Its Electronic On-Demand All-Wheel Drive is able to send power to all four wheels, so every press of the throttle produces instant torque and thrilling acceleration. Tuned with responsiveness in mind, RAV4 Prime's powertrain rockets this SUV from 0 to 60 in an estimated 5.8 seconds. Yes, the RAV4 Prime is eligible for the full $7500 tax credit because the limit is 16 kWh for that (and the RAV4 Prime will have a 17.8-kWh battery pack). Available Federal Tax Credit: To achieve a range of 39 miles, the RAV4 Prime likely has at least a 16 kWh battery pack. 2019 EPA-estimated 26 city/35 hwy/30 combined mpg for RAV4 LE FWD, XLE FWD, XLE Premium … With a $7500 tax credit, that means this would only be $2500 more expensive even if MSRP is $10k higher. Does 2019 Toyota Rav4 Hybrid Qualify For Tax Credit - Explore 2019 RAV4 features like the disposable foot-powered liftgate, available 120V rear cargo power outlet, and power moonroof to discover why the Toyota RAV4 is engineered for versatility. The tax credit is here to help you save cash by reducing the income tax you owe to state and federal governments. The IRS tax credit is for $2,500 to $7,500 per new EV (Electric Vehicle) purchased for use in the U.S. beginning on January 1, 2019. The RAV4 has long been a hugely popular vehicle in the Toyota lineup, and in 2019 it received a major redesign to … 2018 2019 20202019 toyota rav4 hybrid federal tax credit Toyota release date changes price 2019 toyota rav4 hybrid federal tax credit, specs redesign reivews 2019 toyota rav4 hybrid federal tax credit owners manual pdf photo Find out how the newly-debuted 2021 RAV4 Prime will stack up against the most popular current RAV4 Hybrid models. Consumer Reports previews the new 2021 Toyota RAV4 Prime, a plug-in hybrid SUV that goes on sale in summer 2020. Proven powertrain. Translating to US prices, 3-5% higher than the base price for the current Rav4 Hybrid ($28350) would put the Prime starting price at roughly $30k. Federal Tax Credits for New All-Electric and Plug-in Hybrid Vehicles Federal Tax Credit Up To $7,500! Its Electronic On-Demand All-Wheel Drive is able to send power to all four wheels, so every press of the throttle produces instant torque and thrilling acceleration. If you want the standard AWD and substantially higher power of the Prime, that's a very small price to pay, especially given that it will probably have very good lease numbers. I think a low-thirties starting point for the XSE is reasonable. In most cases, a tax credit is meant to reward and encourage the type of behavior that is beneficial to the environment, economy or any other factor that the government thinks is important. Toyota says the RAV4 Prime will begin arriving at dealerships in the summer of 2020. 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 $7,500.