1/2/2024 0 Comments Plug in hybrid cars 2021![]() ![]() Vehicle type: Compact SUV | EV Range: 37 miles | MPG-e: 102 | MPG-gas: 41 | Annual Operating Cost: $750 | Tax Credit: $6,843 | Base Price: $32,650. Vehicle Type: Compact SUV | EV Range: 42 miles | MPG-e: 94 | MPG-gas: 38 | Annual Operating Cost: $750 | Tax Credit: $7,500 | Base Price: $38,100. Vehicle Type: Midsize Car | EV Range: 47 miles | MPG-e: 110 | MPG-gas: 42 | Annual Operating Cost: $650 | Tax Credit: $7,500 | Base Price: $33,400. The 10 Most Cost Effective Plug-In Hybrids for 2021 We’ve ranked the most cost-effective plug-in hybrids for 2021 based on each vehicle’s federal tax credit, it’s range per charge on battery power, and estimated average annual operating costs. Fortunately, the EPA maintains a handy calculator at its website that lets you estimate a PHEV’s operating cost according to your state’s average costs for gas and electricity, based on many miles you drive. Your costs will vary according to local gas prices and electricity rates. The EPA’s annual operating costs cited below are based on gas priced at the national average of $2.72 per gallon for regular grade ($3.47 for premium) and at electricity at $0.12 per kilowatt hour (kWh). That’s an additional savings of $4,250 over a five-year ownership period. Getting back to the Chrysler Pacifica, the EPA says it will cost the average owner $1,850 per year to drive the standard V6 model 15,000 miles, while it’s estimated at $1,000 for the PHEV. By comparison, the EPA says the average 2021 vehicle costs $1,500 to go the same distance using regular-grade fuel, and $1,950 with premium. According to the EPA, the cost of driving a PHEV 15,000 combined city and highway miles per year at current national average gas and electricity prices runs between $600-$1,650 using regular-grade fuel, and between $1,300 and $2,150 for plug-ins that require premium. Again using the Chrysler Pacifica as an example, this month buyers are eligible for up to $5,750 cash back (versus $3,500 for the standard model) or zero percent financing.īeyond that, a plug-in hybrid’s cost effectiveness largely depends on its energy efficiency. Factoring in the Hybrid’s $7,500 federal tax credit effectively drops the PHEV’s price to $32,795, which amounts to $2,700 in up-front savings.Īlso, you’ll find some PHEVs being offered with incentives from their respective automakers to spur sales. For example, a gas-only Chrysler Pacifica Limited minivan is retail priced at $35,495, while the Plug-in Hybrid Touring model-which can run for 32 miles on battery power with a full charge-stickers at $40,295. The one-time tax credit alone (provided you can claim the full amount when you file your tax return) can often make up for a PHEV’s added cost. ![]() For example, Massachusetts and Oregon give PHEV buyers a $1,500 incentive, while it’s a $1,000 in Pennsylvania and Maine. A few states further sweeten the deal with rebates or tax credits of their own, but they’re usually less than they are for full-electric models. ![]()
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