

We combed through the spec sheets of current PHEVs to identify those that can go the money-saving distance, in terms of their battery-only ranges per charge and their expected energy consumption.

2022 Lincoln Corsair Grand Touring: $3,750.2023 Lincoln Aviator Grand Touring: $7,500.

2022 Ford Escape Plug-in Hybrid: $3,750.Unfortunately, as with full-electric cars, a PHEV’s battery range tends to be adversely affected by extreme temperatures.Īs for operating-cost savings, the Environmental Protection Agency says a 2023 Hyundai Tucson Plug-In Hybrid will cost an average $1,200 annually to run for 15,000 on gas and electricity, which is $4,500 less over a five-year period than its most-efficient internal combustion equivalent at current average energy costs.Īnd while their numbers have been whittled down significantly with passage of the Inflation Reduction Act last year, a few PHEVs remain eligible for one-time federal tax credits of $3,700-$7,500, based on battery size, and other limitations, including country of origin, price, and a buyer’s family income. A PHEV can be charged in a couple of hours using a “Level 2” 240-volt home or public charger or overnight using a standard 110-volt line.
