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March 30, 2022
Question

Does a 2021 Venza qualify for an energy credit/deduction?

  • March 30, 2022
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Does a 2021 Toyota (Hybrid) VENZA qualify for an credit or and or deduction?

1 reply

March 30, 2022

Per IRS, no, a 2021 Vensa does not qualify for the Qualified Plug-In Electric Drive Motor Vehicle Credit.

 

For 2021, the Toyota cars that qualify are the following:

  • Prius Prime Plug-in Hybrid
  • RAV4 Prime Plug-in Hybrid

Generally, you can rely on the manufacturer's (or, in the case of a foreign manufacturer, its domestic distributor's) certification to the IRS that a specific make, model, and model year vehicle qualifies for the credit and the amount of the credit for which it qualifies. The manufacturer or domestic distributor should be able to provide you with a copy of the IRS letter acknowledging the certification of the vehicle.

 

The Plug-In Electric Drive Motor Vehicle Credit applies to certain manufactured electric or plug-in hybrid electric vehicles which draw electricity from a battery recharged from an external source of electricity. The credit ranges from $2,500 to $7,500, depending on battery capacity and weight.

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