When it comes to buying a plug-in hybrid vehicle (PHEV), fuel efficiency is a top priority. These vehicles have a chargeable battery that allows for short distances to be driven on all-electric power, reducing gasoline use. However, the cost of a new PHEV is typically higher than that of a regular hybrid. This is where purchasing a used plug-in hybrid comes into play. With many PHEVs hitting the used market, finding one is easier than ever. Additionally, used PHEVs qualify for the same federal tax credit as used electric vehicles, providing up to $4,000 or 30% of the sales price off a used plug-in hybrid, as long as certain criteria are met.
Edmunds, a trusted source for car reviews and information, has compiled a list of their top five picks for used plug-in hybrids. One of these picks is the Prius Prime, the plug-in hybrid version of the regular Prius hybrid. The previous generation Prius Prime, ranging from 2017 to 2022, qualifies for the tax credit. With an EPA-estimated electric driving range of 25 miles and a combined rating of 54 mpg when operating as a hybrid, the Prius Prime offers efficiency. However, it may have slightly less cargo space and slow acceleration.
Another option on the list is the Volt, available only as a plug-in hybrid. Both generations of the Volt, spanning from 2011 to 2019, qualify for the tax credit. With impressive electric driving ranges of 35 to 38 miles for the first generation and 53 miles for the second generation, the Volt stands out in efficiency. Additionally, it offers good fuel economy when operating as a hybrid. The Fusion sedan, specifically the Energi models, also qualifies for the tax credit. With a driving range of 19 to 26 miles and moderate fuel efficiency, the Fusion Energi provides a spacious sedan option.
The Niro Plug-in Hybrid, the plug-in hybrid version of the Niro crossover, is another choice on the list. The previous generation model from 2018 to 2022 qualifies for the tax credit. Boasting a 26-mile electric range and 46 mpg in combined driving as a regular hybrid, the Niro Plug-in Hybrid offers efficiency in a crossover package. Lastly, the Outlander PHEV, the plug-in hybrid version of the Outlander, is a suitable option for those looking for an SUV. The previous generation model from 2018 to 2022 qualifies for the tax credit. With a commendable electric range and all-wheel drive capability, the Outlander PHEV provides a spacious and versatile option.
Overall, buying a used plug-in hybrid can be a great way to achieve fuel efficiency while saving on costs. With a variety of options available on the used market that qualify for federal tax credits, shoppers have the opportunity to find a suitable PHEV within their budget. Whether it’s the Prius Prime, Volt, Fusion Energi, Niro Plug-in Hybrid, or Outlander PHEV, there are plenty of choices to consider when looking for a used plug-in hybrid vehicle.
