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Save Big on Your Next Car Purchase with Up to 48 Miles of Electric Range and up to $4,000 in Tax Credits!
5 min read
By Jia Li • January 29, 2024
Are you in the market for a used car and looking to take advantage of the federal Plug-In-Hybrid Tax Credit? Plug-in hybrid electric vehicles (PHEVs) priced between $15,000 and $25,000 could be your ticket to saving big on your next vehicle purchase. In this guide, we’ll introduce you to some of the best used PHEVs that not only help you reduce your carbon footprint but also qualify for the Plug-In-Hybrid Tax Credit of up to $4,000, even as used vehicles.
PHEVs offer the perfect compromise for buyers who want to benefit from the federal tax credit but aren’t ready to make the leap to a full electric vehicle (EV). These vehicles combine the advantages of electric driving with the flexibility of a gasoline engine, making them an excellent choice for eco-conscious buyers. Plus, PHEVs now qualify for the tax credit, making them even more appealing.
To ensure you qualify for the Plug-In-Hybrid Tax Credit, it’s essential to keep the following criteria in mind:
To simplify your exploration of the world of used PHEVs, we’ve carefully curated a selection of three recommended models at different price points, all eligible for the full tax credit. Let’s dive into the details:
2016–2018 BMW X5 xDrive40e
2017–2021 Toyota Prius Prime
2022 Mitsubishi Outlander PHEV
2014–2016 Cadillac ELR
2017–2018 BMW 330e iPerformance
2018–2019 Honda Clarity Plug-In Hybrid
2016–2018 Audi A3 Sportback e-tron
2014–2018 Chevrolet Volt
2014–2019 Ford Fusion Energi
A stylish mid-size sedan with electric capability.Provides a 20-mile electric-only range and nearly 40 mpg on gasoline.Final model years (2017–2019) with improved EPA ratings.
Consider charging access, driving patterns, and budget. Opt for a used PHEV for short commutes, lower emissions, and tax incentives with regular charging. If long-distance driving prevails and charging options are scarce, a traditional hybrid may be more practical.Evaluate your needs and priorities to determine which option aligns best with your lifestyle and values.
Unlock the benefits of owning a PHEV and enjoy substantial savings with the Plug-In-Hybrid Tax Credit. We suggest reviewing the tax credit guidelines and exploring our high-quality PHEV selection to find the perfect match for your budget and preferences. Happy car shopping, and may you discover the ideal PHEV to enhance your driving experience while contributing to a greener environment!
Posted by Jia Li
Categories: Buyer’s Guide
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BUYER'S GUIDE