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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.
The MPGe metric was introduced in November 2010 by EPA in the Monroney sticker of the Nissan Leaf electric car and the Chevrolet Volt plug-in hybrid. The ratings are based on EPA's formula, in which 33.7 kWh (121 MJ) of electricity is equivalent to one (U.S.) gallon of gasoline, [8] and the energy consumption of each vehicle during EPA's five ...
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.
Does the additional upfront cost make buying a more fuel-efficient gas-electric hybrid car a good or bad value?
The following table compares EPA's estimated out-of-pocket fuel costs and fuel economy ratings of serial production plug-in hybrid electric vehicles rated by EPA as of January 2017 expressed in miles per gallon gasoline equivalent (mpg-e), [1] [2] versus the most fuel efficient gasoline-electric hybrid car, the 2016 Toyota Prius Eco (fourth generation), rated 56 mpg ‑US (4.2 L/100 km; 67 mpg ...
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 ...
Toyota Corolla Hybrid 2024. Typical price range: $22,050 to $28,340 CR MPG: Overall 48 / City 37 / Hwy 59 mpg CR’s ranking: #10 of 16 in compact cars The Toyota Corolla Hybrid 2024 might not ...
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]