Toyota Prius Prime :$28500 - up to 5000 off (manufacturer rebate)- upto $3000 off dealer discount - 4500 federal tax credits = $16000 plus tax and doc fees

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How does the EV tax credit work?
You get a tax credit of $2500-$7500 ($4502 for the Prime) depending on the size of the battery when you file your tax in 2019. You have to have tax liability to get the credit. Some examples of buying the Prime (single tax filer estimates):
Income: $40,000
Taxes withheld: $3000
Liability: $3170, you would normally owe $170 if you didn't buy a Prime.
Refund in April: $3000

Income: $40,000
Taxes withheld: $4000
Liability: $3170, you would normally get a refund of $830 you didn't buy a Prime.
Refund in April: $4000

Income: $60,000
Taxes withheld: $5500
Liability: $6500, you would normally owe $1000 if you didn't buy a Prime.
Refund in April: $3502

Income: $60,000
Taxes withheld: $7500
Liability: $6500, you would normally get a refund of $1000 you didn't buy a Prime.
Refund in April: $5502

Actual formula for people that want to calculate their own examples:
NEW Tax Liability after Prius Prime EV credit = Original Liability - $4502 (if negative, New Liability = $0)
Refund/Owe = Taxes withheld - New Liability (positive value = refund, negative value = you owe government)

Want to know if you qualify for the full $4502 tax credit?
Use TurboTax and put in your estimated income to see your tax liability. It's free to just calculate. I think it's around $51k for single without kids to have a tax liability of $4502. The EV tax credit is not available yet so you won't be able to see your refund amount. If you have kids, your income will have to be much higher. Contact a tax pro.

Can I buy more than one EV/PHEV and get tax credit?
Yes, there is no limit on how many you can buy in a tax year, you will get the tax refund of all the EV/PHEV you've bought during that year, so long as the total credit amount is less than your tax liability. Otherwise, you will only get the tax liability refund. Use tax form 8936. The form only has 2 columns, but you can add more if you buy more than 2 in that year.

Check for incentives by location:

https://pluginamerica.org/why-go-...ncentives/
and
https://plugstar.zappyride.com/tools/incentives

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