The 2024 Mazda CX-90 PHEV does not qualify for the federal tax credit under the current regulations. One key reason is that the vehicle’s final assembly takes place in Japan, whereas the federal tax credit under the Inflation Reduction Act requires that eligible vehicles undergo final assembly in North America to qualify. Additionally, the CX-90 PHEV doesn’t meet the critical mineral and battery component sourcing requirements that apply to many plug-in hybrids and electric vehicles for the tax credit​.
However, some dealers might offer rebates or incentives, especially on leased vehicles, which can provide a financial benefit similar to the tax credit​.
It’s best to check with your dealership for available incentives or rebates specific to your area.