EV Tax Credit & Charger Incentives

Federal incentives for electric vehicles are changing. The Clean Vehicle Credit, which can provide up to $7,500 in tax savings, is scheduled to end on September 30, 2025, unless extended. A separate credit for home EV charger installation will expire on June 30, 2026. If you're planning to purchase a Toyota EV or plug-in hybrid, it’s important to act while the credits are still available.