Thursday, January 29, 2015

Toyota Marketing Mirai With $8K Hydrogen Credit Despite Expiration


Despite the recent expiration of the $8,000 federal credit for hydrogen vehicles, Toyota is still marketing its Mirai as if it never happened.

Autoblog reports that Toyota is well-aware of the expiration, and is calling upon both houses of Congress to reinstate the credit. Were that to occur, the $57,500 MSRP on the Mirai would fall to $49,500. Other state and local credits would drop the price further, as well; California customers would pay just $44,500 for their FCVs, for example.

The problem, per the automaker's energy and regulatory affairs director Robert Wimmer, is predicting where the tax process would go:

The two challenges we have now are that both houses of Congress are Republican and also that there has been talk for a while about comprehensive tax reform. If that moves forward, then extenders would probably be put on the back burner as comprehensive tax reform is discussed.

Even if the credit was reinstated, it may only last as long as year or two instead of the three years Toyota wants for the first-gen Mirai. The automaker has been lobbying Congress to act, though Wimmer could not say to what extent.

The post Toyota Marketing Mirai With $8K Hydrogen Credit Despite Expiration appeared first on The Truth About Cars.

from The Truth About Cars


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