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?

 

Never understood why hybrids didn't qualify for any credits unless they were plug in.

Prius avg mpg = 56 and no tax credit.

RAV4 prime avg mpg = 38 and got the tax credit.

 

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.

 

Yeah the Tundra Hybrid isn't a great example of a vehicle that deserves the credit. Most other's like the Prius, Venza, Camry / Accord etc should though I feel like.

 

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.

 

At my current electricity cost, the price to charge the Prime would be equal to 1 gallon of gas. With the Prime's estimated 42 miles on a charge, the Prius is still far more efficient. I guess the Prime "could" still be more green but it would depend on where your power company gets it's power from. In my case with my power company, the Prime would end up being less green than the Prius.

I just feel like more should go into the governments considerations for the credit than "it can plug in." Simplified I know but I've always disliked how hybrids get shafted. Especially since they are a much more realistic evolution from ICE until infrastructure better supports charging.