If you’re in the market for a used car and want to score a nice discount, consider getting a plug-in hybrid vehicle that qualifies for the federal tax credit.
DEALS 4 JAXThis photo provided by Toyota shows a 2021 Prius Prime. The Prime is the plug-in version of the well-known Prius hybrid. It has an EPA-estimated all-electric range of 25 miles.
Enough PHEVs have now hit the used market that finding one isn’t much of a problem. In addition, used versions qualify for the same federal tax credit that used electric vehicles qualify for. You can get up to $4,000, or 30% of the sales price, off a used plug-in hybrid. To qualify for the federal tax credit, the plug-in hybrid you’re interested in must: 1) be purchased from a licensed dealership; 2) cost $25,000 or less; and 3) be at least two model years old from the current year.
The Volt, which is a hatchback, provides the longest electric driving range on the list. The first-generation model has an EPA-estimated 35 to 38 miles of electric range, and the second-generation model boasts an impressive 53 miles. When driving as a hybrid, the first-generation Volt gets 37 mpg combined and the second-generation model delivers 42 mpg combined. Try to get the much-improved second-generation Volt if you can.
The Niro Plug-in Hybrid can drive 26 miles on electric power and delivers 46 mpg in combined driving when running like a regular hybrid, which is pretty good for a crossover. The Niro boasts a spacious cabin, but all-wheel drive isn’t available.The Outlander PHEV is the plug-in hybrid version of the regular Outlander. The previous-generation Outlander PHEV qualifies for the tax credit and was available from 2018 to 2022. The current model is still too new to qualify.
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