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Basim (not verified)    August 16, 2022 - 12:56AM

@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!

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