Filed under: Toyota , Electric The Toyota Mirai is coming to California next year and it will arrive bearing a $57,500 MSRP. Toyota says that with state and federal incentives worth a total of $13,000, interested customers will be able to buy a Mirai for under $45,000. If you’re more into leasing, then you can get the Mirai for $499 a month for 36 months (with $3,649 due at signing). Both options come with free hydrogen fuel for “up to three years.” The 2016 Mirai will be available in California in the fall of 2015 in a very limited supply – less than 200 vehicles in the fourth quarter – but as availability expands to the Northeast ( read: Boston and New York ), Toyota says it expects more than 3,000 to be on the road by the end of 2017. But there might be a catch. The $8,000 federal tax credit isn’t scheduled to last much longer. In fact, it could expire well before the Mirai is released. The current regulations say that , “The purchaser may claim a credit for the certified amount for a fuel cell vehicle if it is placed in service by the taxpayer after Dec. 31, 2005, and is purchased on or before Dec. 31, 2014.” That’s just a month and a half from now, while the car is almost a year away.
Filed under: Toyota , Earnings/Financials Things are good again at Toyota , which reported a $1.5 billion profit for the quarter, wrapping up a fiscal year in which it made just $3.5 billion, according to Business Week . While Toyota saw sales growth in Europe, Africa, and its home market, North America was a weak point. Sales revenue for the fiscal year totaled $232 billion, down two percent, according to the report. Though the company still beat its forecast of $2.5 billion, the real excitement surrounds its projections for the next 12 months. As predicted by analysts , Toyota says it expects to make $9.5 billion in the year that extends through March of next year, showing that the automaker has fully recovered from the effects of last year’s tsunami , according to the report. Toyota releases financial results, predicts profits will double in 2012 originally appeared on Autoblog on Wed, 09 May 2012 18:30:00 EST. Please see our terms for use of feeds . Permalink