High gas prices and rising consciousness of our driving habits’ impact are already incentivizing Angelenos to make the change to a hybrid vehicle. Available state and federal Lexus RX hybrid incentives may be an added push if you’re on the fence, and the team at Keyes Lexus is here to tell you all about them.
California Incentives for Green Vehicles
On the state level, California has a tax rebate program for drivers who buy electric or hybrid cars.
- Fuel-Cell Electric Vehicles (FCEVs): $4,500 standard rebate or $7,000 increased rebate
- Electric Vehicles (EVs): $2,000 standard rebate or $4,500 increased rebate
- Plug-in Hybrid Electric Vehicles (PHEVs): $1,000 standard rebate or $3,500 increased rebate
Qualifying for a higher rebate depends on several factors. Where you live, where you drive (i.e., primarily in the United States), and whether your vehicle meets the criteria of the Clean Air Act all come into consideration. Just because a car is a hybrid doesn’t mean that you can get a rebate for it in California.
How to Obtain Your Rebate
For now, only new vehicles qualify. You must complete Form 8936 and turn it in with your yearly tax returns. Make sure you speak with a tax expert to learn the legal niceties and ensure that you get the right amount back.
Which Lexus Models Qualify?
Currently, the Lexus NX Plug-in Hybrid qualifies, but more cars and SUVs are due at Keyes Lexus that meet the criteria. These include the upcoming Lexus RX plug-in hybrid and the 2023 Lexus RZ 450e, the brand’s first all-electric SUV.
New types of powertrain questions raise questions, but they also offer some unique opportunities. Besides helping the planet, these cars and SUVs can help your finances. When you visit Keyes Lexus, make sure you speak with one of our Lexus experts to learn if the hybrid vehicle you chose qualifies for a rebate.