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The program reduces the up-front cost of eligible cars by providing a 25% grant towards the cost of new plug-in cars capped at £5,000 (US$7,450). [ 190 ] [ 191 ] From 1 April 2015, the purchase price cap was raised to cover up to 35% discount of the vehicle's recommended retail price, up to the already existing £5,000 limit.
But come 2024, cutting the cost of a PHEV—or, for that matter, a battery-electric vehicle—gets far easier and more practical. You Might Also Like. Car and Driver’s 10 Best Cars through the ...
The EPA rated the Nissan Leaf electric car with a combined fuel economy of 99 MPGe, [9] and rated the Chevrolet Volt plug-in hybrid with a combined fuel economy of 93 MPGe in all-electric mode, 37 MPG when operating with gasoline only, and an overall fuel economy rating of 60 mpg-US (3.9 L/100 km) combining power from electricity and gasoline.
Both the Nissan Leaf electric vehicle and the Chevrolet Volt plug-in hybrid, launched in December 2010, are eligible for the maximum $7,500 tax credit. The Toyota Prius Plug-in Hybrid, released in January 2012, is eligible for a $2,500 tax credit due to its smaller battery capacity of 5.2 kWh.
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 ...
Does the additional upfront cost make buying a more fuel-efficient gas-electric hybrid car a good or bad value?
The Model 3 has been the top selling plug-in car in the U.S. for three consecutive years, from 2018 to 2019. [2] [15] [16] The electric sedan has been the U.S. top selling plug-in car every month since January 2018, [163] [204] [195] and reached the 100,000 unit milestone quicker than any previous EV model sold in the U.S. [163]
Best Hybrid and Electric Cars of 2022: How Much They Cost and More To Know. Gabrielle Olya. October 21, 2022 at 3:00 PM. ... Best Luxury Plug-In Hybrid: 2022 Volvo S60 Plug-In Hybrid.