Toyota has officially sold 200,000 electric vehicles — a happy milestone that brings with it the unfortunate end of a sizable consumer perk. Buyers of Toyota EVs will no longer be eligible for the $7,500 tax credit offered by the U.S. government, as the federal aid for automakers is capped at 200,000 EVs.
The Japanese automaker hit the 200K mark last month after selling another 3,876 electric vehicles (both hybrid and all-electric) around the world, Bloomberg reports. It’s the third company to do so, following in the footsteps of General Motors and Tesla.
