- Incentives Engine based on EV Life's proprietary data
- Free tool available now on Toyota.com
- Customers can find qualified tax credits, rebates, and other
incentives simply by entering personalized information
Texas, Feb. 22, 2023 /PRNewswire/ -- Toyota
customers considering the purchase of a new Battery Electric
Vehicle (BEV) or Plug-in Hybrid Electric Vehicle (PHEV) have a new
tool at their disposal to help find available incentives. Now
available on Toyota.com, the Toyota EV Incentive Finder powered by
EV Life makes finding federal, state and even municipality
incentives much simpler. Using EV Life's proprietary "Incentives
Engine," Toyota customers will be presented with potential
incentives of the available 470+ EV tax credits, rebates, and other
benefits like HOV carpool decals and toll discounts.
"We're excited to collaborate with EV Life to offer Toyota
customers a simple tool to navigate the process of finding
available incentives on the purchase of a new Toyota BEV or PHEV,"
said Michael Moore, general manager,
Toyota vehicle marketing. "The Toyota EV Incentive Finder tool is
simple to use and aids customers in making an informed decision on
which vehicle is best for them. Best of all, they can access the
tool on Toyota.com via their phone, home computer, or while at a
Shoppers already spend a lot of time researching their next
vehicle purchase. Electric vehicle customers can face additional
challenges navigating different government websites to understand
the complex rules and requirements related to tax credits, rebates
and incentives. The Toyota EV Incentive Finder, powered by EV Life,
can quickly provide available options, offering potential
pre-purchase and post-purchase incentives by deciphering which ones
may apply to a customer's unique details.
"We're proud to power the Toyota EV Incentive Finder experience,
helping Toyota's customers discover all the amazing time and cost
saving benefits of driving electric," said Kevin Favro, EV Life Co-Founder and Head of
Product. "Government incentives are not a simple Google search
away. They require countless hours of research on complex rules
across multiple government websites. We're excited to empower
Toyota customers to generate a personalized list of their maximum
incentives, in seconds."
Using the Toyota EV Incentive Finder powered by EV Life,
customers can input data specific to their location, household size
and income, tax filing details, electric utility and more into the
tool. Within seconds the tool generates a quote for potential
incentive packages, based on EV Life's 20-plus data points across
every zip code in the country. Available now, Toyota
customers can locate the Toyota EV Incentive Finder tool by
visiting the vehicle pages for the bZ4X battery electric vehicle
(BEV), as well as the respective pages for Toyota plug-in hybrid
electric vehicles (PHEV) including the Prius Prime and RAV4
In addition to providing incentive quotes, the tool also
includes additional information from EV Life highlighting the
benefits of switching from a gas vehicle to an electric vehicle.
This includes details such as average annual savings on fuel costs
and maintenance, as well as the estimated amount of carbon that can
be reduced, and more.
For more information, please visit Toyota.com.
About EV Life
Founded in 2019, EV Life is a technology startup on a mission to
accelerate the consumer transition to clean energy, starting with
electric vehicles. EV Life's fintech platform empowers car buyers
to make the purchase price of EVs competitive with gas vehicles by
personalizing and qualifying potential post-purchase tax credits,
rebates, grants, and other incentives – in seconds. By
eliminating the "green premium" for electric vehicles, EV Life's
goal is to unlock affordability for millions of Americans who find
EVs inaccessible and would otherwise purchase gas vehicles.
EV Life is backed by investments from The Growth Factory,
Gaingels, California Energy Commission, California I-Bank's Climate
Tech Finance Program, and a network of angel investors.
Toyota (NYSE:TM) has been a part of the cultural fabric in the
U.S. for more than 65 years, and is committed to advancing
sustainable, next-generation mobility through our Toyota and Lexus
brands, plus our nearly 1,500 dealerships.
Toyota directly employs more than 39,000 people in the U.S. who
have contributed to the design, engineering, and assembly of more
than 33 million cars and trucks at our nine manufacturing plants.
By 2025, Toyota's 10th plant in North
Carolina will begin to manufacture automotive batteries for
electrified vehicles. With more electrified vehicles on the road
than any other automaker, Toyota currently offers 20 electrified
options, with more in showrooms later this year.
To help inspire the next generation for a career in STEM-based
fields, including mobility, Toyota launched its virtual education
hub at www.TourToyota.com with an immersive experience and chance
to virtually visit many of our U.S. manufacturing facilities. The
hub also includes a series of free STEM-based lessons and
curriculum through Toyota USA
Foundation partners, virtual field trips and more. For more
information about Toyota, visit www.ToyotaNewsroom.com.
For Toyota customer inquiries, please call
EV Life: Peter
Toyota: Josh Burns,
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SOURCE Toyota Motor North America