My 2021 RAV4 Prime Won't Arrive Until Next Year, What Price Should I Expect?

I ordered a Toyota RAV4 Prime almost two years ago. The vehicle should arrive at the dealership soon. However, I would like to know if I will be entitled to the government credit totaling $13,000 that was promised at the time or if I will have to settle for the $10,000 that will be in effect at the time of delivery.

Supply chain issues in the automotive industry have caused many car companies to delay their deliveries to clients. Apparently Toyota is in the same situation with the RAV4 delivery. And the above-question was asked in the Canadian automotive website Le Guide De L'Auto. Indeed, what to do if your 2021 Toyota RAV4 arrives one year later. What price should you pay?

Here is what the website suggests to the person, who asked the question.

Indeed, the rules of the various governments have recently been modified. On the federal side, nothing changes regarding the RAV4 Prime, which retains a $5,000 credit. On the other hand, Quebec has reduced the credit applicable for plug-in hybrid vehicles to a maximum amount of $5,000, whereas it was previously $8,000. With reason, Quebec considered that a plug-in hybrid also using a combustion engine should not benefit from the same credits as a 100% electric vehicle.

That being said, vehicles with battery sizes over 15kWh still get a generous $5,000 credit, while those with smaller batteries get a $2,500 credit. This is particularly the case with the Ford Escape and the Hyundai Tucson PHEV, which ironically retain $5,000 in federal credit.

Unfortunately, you will only receive credits in effect at the time of delivery and official signing of the contract. A feedback period of a few months was certainly put in place when these rules were changed, but it has now expired. Your RAV4 will therefore cost you $3,000 more than expected, but be aware that the depreciation of this vehicle is non-existent.

On the contrary, you could certainly resell it for a profit the day after taking possession, since the demand for this model is clearly higher than the supply. You can also console yourself by considering that you will still benefit from the best incentive available for a plug-in hybrid vehicle.

Also, see the top features of the 2022 Toyota RAV4 Adventure that you may not know. What do you think of the situation when you order a car and it arrives very late? Please, share your thoughts with our readers in the comments section and thanks for reading and sharing in social media. By the way, the 2023 Toyota RAV4 will be updated with rough appearance, while the Fuel Cell Mirai gets a huge discount.

Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.