Summary
- Plug-in hybrids can be a compelling alternative to EVs, offering battery power for short trips and the flexibility of an internal combustion engine for long-distance travel
- PHEVs tend to be expensive due to adding battery packs to existing vehicles, but some are eligible for federal tax credits
- Affordable PHEV options include the Toyota Prius Prime, starting at $32,795 with 44 miles of range, and the Mitsubishi Outlander PHEV with 38 miles of range
- The Lexus NX 450h+ and Chrysler Pacifica Hybrid are pricier options with longer ranges and tax credits available
- The Jeep Wrangler Sport 4xe offers impressive power, 21 miles of EV-only range, and significant incentives such as 0% APR financing and cashback opportunities
Article
Despite the growing popularity of electric vehicles (EVs), not everyone is ready for the transition. Plug-in hybrids (PHEVs) provide an alternative option that combines the benefits of a battery-powered vehicle with the flexibility of an internal combustion engine. PHEVs can be charged overnight on a conventional outlet and offer the ability to run on electric power for short trips, with the option to switch to gas for longer journeys. While PHEVs tend to be more expensive due to the added battery pack, there are federal tax credits available for certain models.
The Toyota Prius Prime stands out as one of the most affordable PHEVs on the market, starting at $32,795. With an EV-only range of 44 miles, the Prius Prime offers a good balance of electric driving and gasoline efficiency. While it is not eligible for a tax credit, Toyota is providing incentives such as lease cash to make the vehicle more appealing to buyers. The recent overhaul of the Prius has resulted in a sportier design and improved hybrid battery technology.
For those seeking a more luxurious PHEV option, the Lexus NX 450h+ offers a top-of-the-line experience with 304 horsepower and 37 miles of EV-only range. Though it comes with a higher price tag starting at $62,415, Lexus is offering lease cash incentives to make the vehicle more affordable. The Jeep Wrangler Sport 4xe is another compelling option, with an impressive 370 horsepower and 21 miles of EV-only range. With attractive financing options and tax credits available, the Wrangler 4xe has become a more affordable choice for those interested in a hybrid SUV.
Mitsubishi’s Outlander PHEV provides a family-friendly crossover option with an EV-only range of 38 miles and a starting price of $40,445. The Outlander PHEV offers a balance of affordability and efficiency, making it a strong contender in the PHEV market. The Chrysler Pacifica Hybrid stands out as the only plug-in hybrid minivan available, offering 32 miles of EV-only range and seating for seven passengers. With the full $7,500 tax credit available and incentives similar to other PHEVs, the Pacifica Hybrid provides a practical and versatile option for families.
Overall, PHEVs offer a compelling alternative for those who are not yet ready to make the switch to a fully electric vehicle. With a range of options available at different price points and features, there is likely a PHEV that meets the needs and budget of interested buyers. From affordable models like the Toyota Prius Prime to luxury options like the Lexus NX 450h+, PHEVs provide a versatile and efficient choice for drivers looking to reduce their carbon footprint without compromising on performance or convenience.
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