Toyota EV Tax Calculator
Making the switch to a Toyota electric vehicle offers numerous advantages, including a range of financial incentives designed to make your investment even smarter. At our Toyota dealership near Shrewsbury, Herb Chambers Toyota of Auburn provides expert assistance with federal and state credits and rebates. Our goal is to ensure you maximize your savings and fully benefit from available incentives.
Our EV tax calculator makes it easy to compare costs and benefits of buying an electric vehicle so that you can make the choice that's best for you. Reach out to a Herb Chambers sales expert to learn more about the benefits of a Toyota EV!


How Much Can I Save on a New EV?
Our new Toyota electric vehicles nearby offer substantial financial rewards beyond fuel savings. One of the best perks is the clean vehicle tax credit of up to $7,500 with the purchase of an eligible plug-in hybrid or electric vehicle.1 This federal tax credit is designed to make owning an EV more accessible and affordable. However, be mindful of the following MSRP limitations to qualify:
- MSRP can't exceed $80,000 for vans, SUVs and trucks
- MSRP can't exceed $55,000 for all other new vehicles
In addition to federal credits, Massachusetts residents can enjoy the MOR-EV Massachusetts state EV rebate, which can total up to $6,000.1 This rebate further reduces the upfront cost of investing in a clean vehicle. You have two convenient ways to receive this rebate:
- Option 1: Receive your rebate at our dealership when you purchase or lease.
- Option 2: Apply online for this rebate within 90 days post purchase or lease.
Are There Tax Rebates on Used Electric Vehicles?
Yes, even when you buy a pre-owned electric vehicle you can still qualify for EV tax rebates. These used EVs are eligible for a federal tax credit of up to $4,000 when fully qualified.1 This provides a financial incentive to consider a pre-owned EV, making it even more affordable to drive an eco-friendly vehicle.
Additionally, the MOR-EV rebate is also applicable to eligible used electric cars, expanding your savings potential even further. Whether you're buying new or pre-owned, these rebates can help you save when you're looking to buy an electric car, encouraging sustainable choices without compromising your budget.
How to Claim Electric Car Tax Incentives in MA
To learn more about potential electric car tax rebates in Massachusetts and how much you can save, call or click to talk with Herb Chambers Toyota of Auburn. Our team of experts is here to guide you through the process, from understanding eligibility requirements to claiming your tax credits and rebates.
Ready to learn how much you can save with a new Toyota EV? Speak with one of our sales experts and we'll answer all your questions. We're here to guide you through the entire process and ensure you get all the financial benefits you're eligible for. Use our EV tax calculator today!
Learn More: Custom Order a Toyota | Lease Return Info
1 Information accurate at time of publication. See dealer for complete details.