2023 Toyota bZ4X Prices, Deals and Lease Options

Toyota bZ4X Tax Credit

The Toyota bZ4X is no longer eligible for a federal EV tax credit since it is not assembled in North America. Still, even when the bZ4X qualified for a tax credit prior to the Inflation Reduction Act, Toyota didn't pass along the incentive to shoppers as a discount.

In mid-2023, Toyota began offering a $7,500 lease cash incentive on the bZ4X. This was possible due to the fact that Toyota started taking advantage of a loophole that enables makers of foreign-built EVs to claim a commercial credit on leases.

Toyota bZ4X EV Rebates

Depending on where you live, you may be eligible for state electric vehicle rebates on the Toyota bZ4X.

In Colorado, bZ4X buyers may be eligible for a Colorado EV tax credit of up to $5,000 starting on July 1, 2023.

In California, buyers and lessees used to be able to apply for the $2,000 Clean Vehicle Rebate (CVRP). However, the program stopped taking applications in November 2023 and is being replaced by a statewide version of the Clean Cars 4 All program that will focus on low-income EV buyers.

Likewise, California used to offer a Clean Fuel Reward worth $750, but the incentive was reduced to $0 due to funding issues. There is no ETA on when the Clean Fuel Reward will return.