You already expect luxury, style, and performance from Lexus vehicles, and you know that an EV provides extra “green” benefits. But what if you’re wondering, “Does the Lexus RX 350h qualify for a tax credit?” Lexus of Valencia covers the tax credits available for hybrid and EV models when you visit our dealership.
Federal Tax Credits Explained
When EV and hybrid models were first introduced to the market, one of the benefits of making the switch to a greener car was the ability to get up to $7,500 in federal tax credits. New manufacturing and legal requirements introduced under the Inflation Reduction Act made those credits much harder to come by, but that doesn’t mean you will not still benefit.
While Lexus hybrid and EV models are no longer eligible for credit for vehicle purchases or charging station installation, you’ll still benefit from the savings they offer. Fuel costs can add up, and hybrid and EV models will help you save well beyond the first year.
Local and State Tax Credits
Drivers may not be eligible for federal tax credits, but other options may be available. You always want to check with your dealership to see if you’re eligible for savings closer to home. Right now, 17 states across America have available state credits. In California, EV and PHEV vehicles may qualify for up to $7,000 in rebates.
Test Drive Eco-Friendly Models in Valencia, CA
If you want to reduce your environmental impact, Lexus of Valencia has the vehicles for you. We carry exciting models like the Lexus RX 350h, and we’ll ensure you have everything you need to know about making the switch. Learn about your tax credit options with help from our team.
