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The federal tax credit for new plug-in electric vehicles is worth $2,500 plus $417 for each kilowatt-hour of battery capacity over 5 kWh, and the portion of the credit determined by battery capacity cannot exceed $5,000. Therefore, the total amount of the credit allowed for a new PEV is $7,500.
The Rav4 EV is eligible for $7,500 federal tax credit as well as a $2,500 rebate through the California Clean Vehicle Rebate Program. Toyota is only expecting the sales volume of the 2012 Rav4 EV to reach around 2600 through 2014, but Toyota may always decide to build more if the interest is there.