Big Chunk of Owners Will Not Buy 2022 Toyota RAV4 Prime Because of Tax Credit Phaseout

I wish the EV had a space for swappable battery. So you drive to a station, rent a charged battery (and get it installed/loaded) and drive away without need to wait for charging, very much alike to the gas station. Then you return the extra battery at another station (and get your deposit back).
That will make way more people switch from gas to electric, I promise!

I thought Toyota had exceed the 200K units threshold to qualify for $7500 tax credit?

My understanding is that the tax credit will still apply if you had a purchase order in place before the law gets passed. If that’s not the case, it would be great if they could get the word out.

@Henrt and @Brian H: take a look a the Toyota section in this electrek.co article. Search on Google for the keywords: If you want an EV, buy now – Rivian, Fisker and others rush to lock in EV tax credits before changes

Once Biden signs the Inflation Reduction Act (that passed both the Senate & House) into law on Tuesday (8/16), Toyota will lose out on all tax credits. The only way to avoid that was to get a signed purchase order (sometimes referred to as a "buyer order") from your dealership, which is typically only given once a vehicle has been allocated to you, you have a VIN, and the vehicle has been released by from port of entry to to the dealer. If you're on a waitlist and only have a deposit, unfortunately you're out of luck.

Hope that helps!

Toyota dealerships have been taken advantage of people looking to purchase a Rav4 Prime. Toyota Corp. has limited certain states to allocation levels. Then the dealerships knowing the Fed Tax incentive, have pushed a surcharge to the customer claiming market conditions. Don't believe it for a minute, the surcharge is 100% profit the dealerships are making to overcome loss of business from the Covid pandemic.

EVs are a great idea, but they are still somewhat embryonic in concept. The design and then the sourcing of the components for the current batteries is problematic, the charging of the batteries themselves due to the current state of our infrastructure is problematic, and the range, well that leaves so much to be desired for those of us who live in and not necessarily not work in wetland, mountainous, desert, wide plains, or any other non-urban area of the country as to be a little ridiculous. I know, there are going to be a lot of 'buts' from a lot of people in response to those statements and that's okay. There is a place for current EVs. I am stating that there is a long way to go both in infrastructure and materials sciences before legislation can be put into place to replace fossil fuel transport and, by the way, agricultural equipment, with electric vehicles. There is something to be said for doing something right the first time and with consideration of as many of the variables as we can to begin with in the first place to avoid waste and creating more problems for our planet, after all, we still haven't dealt with where the electricity is going to come from in the main to charge all of these lovely electric vehicles yet have we?

The reasons I haven't bothered with the RAV4 Prime, are the waiting time, and the dealer greedy mark up's. I can keep driving my gas vehicle until Toyota can produce them on a larger scale. Besides by then something better might come along considering how fast this market is changing.