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April 15, 2024

Edmunds picks the best used plug-in hybrids that qualify for the federal tax credit

  • You can get up to $4,000 off the sale price or put that toward the federal taxes you owe.
    • By MICHAEL CANTU
    Edmunds

    Toyota image
    Plug-in hybrids, like the 2022 Toyota Prius Prime, are more efficient than regular hybrids if you charge the battery frequently, and won’t give you range anxiety thanks to their gas-powered engine.

    Buying a plug-in hybrid vehicle, or PHEV, can be a great way to ensure fuel efficiency. These are hybrid vehicles that drive just like a regular hybrid but have a chargeable battery that allows you to first drive a short distance on all-electric power. Frequently charging the battery at home can significantly reduce your gasoline use. The issue a lot of shoppers encounter, however, is price. A new PHEV is typically a lot more expensive than a regular hybrid. That's where buying a used plug-in hybrid comes into play.


     
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