Will the new hybrid Tundra qualify for the $7500 tax credit?

Will the new hybrid Tundra qualify for the $7500 electric and hybrid vehicle tax credit? It certainly would make it more affordable!

I know nothing... just looking into it.

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I dont think so, Ive always seen Manufacturers list any credits like that on their websites/price page for the model.

This may be helpful https://electrek.co/2022/07/29/which-electric-vehicles-still-qualify-for-us-federal-tax-credit/

 

No, the Tundra is not a plug in hybrid

 

it does qualify for section 179 if you own your own business.

last year to write off 100%

 

Isn’t there a $25k cap for vehicle expense/first year depreciation?

 

To be fair, the Tundra Hybrid isn't really made to get great gas mileage. It has a small battery that just assists at times, just like my Highlander Hybrid.

 

negative. SECTION 179- if you are self-employed or have a business. "commercial vehicles" that weight over 6000lbs. you can write off 100%. look into it or ask yore cpa.

 

I did that in 2004 with my F150.

 

Because for the average consumer, they can drive the RAV4 prime with batteries only and not use a sip of gas. You still have to use fossil fuels for the Prius.