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I'm annoyed that Toyota didn't include a 16 kWh battery for the PHEV (Prime) from the beginning because they left federal tax money on the table wasting those credits on an 8.8 kWh battery.
The gen IV should have been what this generation is.
~40 mile EV range is quite good. With a 16 kWh battery (the one in the RAV4 Prime), it could have been closer to 60 miles of range.
That said, I have no idea where the federal subsidy is nowadays. Did the new one supersede the previous one? If so, my understanding is all manufacturers that meet a certain percent of domestic manufacturing and/or assembly now qualify.
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