And so, if you’re in the market for a plug-in hybrid vehicle and are looking to maximize the federal EV tax credit, there are a few used options that may be worth exploring. With the federal government offering a tax credit of up to $7,500 for eligible electric vehicles, purchasing a used plug-in hybrid that qualifies for this credit can help you save a significant amount of money. Here are four used plug-in hybrids that could help you maximize the federal EV tax credit.
1. Chevrolet Volt
The Chevrolet Volt is a popular plug-in hybrid that has been on the market since 2010. It offers an all-electric range of around 53 miles and a total range of over 400 miles with its gasoline engine. With a starting price of around $15,000 for a used 2016 model, the Volt could be an affordable option for those looking to take advantage of the federal tax credit. Plus, with its sleek design and spacious interior, the Volt offers a practical and stylish choice for those in the market for a plug-in hybrid.
2. Ford C-Max Energi
The Ford C-Max Energi is another plug-in hybrid that could help you maximize the federal EV tax credit. With an all-electric range of around 20 miles and a total range of over 500 miles, the C-Max Energi offers a versatile and efficient option for those in search of a used plug-in hybrid. Used models from 2016 are available for around $13,000, making it a budget-friendly choice for those looking to take advantage of the federal tax credit. And with its comfortable interior and smooth driving experience, the C-Max Energi is a practical and reliable option in the plug-in hybrid market.
3. BMW i3 REx
For those looking for a more premium option, the BMW i3 with Range Extender (REx) could be an appealing choice. With an all-electric range of around 72 miles and a total range of over 150 miles with the range extender, the i3 REx offers a high-quality and luxurious driving experience. While used models can be pricier, with 2015 models starting at around $20,000, the federal tax credit could help offset some of the cost. Plus, with its unique and futuristic design, the i3 REx stands out in the plug-in hybrid market as a stylish and innovative choice.
4. Toyota Prius Prime
The Toyota Prius Prime is a well-known and reliable option in the plug-in hybrid market. With an all-electric range of around 25 miles and a total range of over 600 miles, the Prius Prime offers a practical and efficient choice for those in search of a used plug-in hybrid. Used models from 2017 are available for around $18,000, making it a mid-range option for those looking to take advantage of the federal tax credit. And with its spacious interior and legendary fuel efficiency, the Prius Prime is a popular and trusted choice for those in the market for a plug-in hybrid.
In conclusion, if you’re interested in purchasing a used plug-in hybrid and want to make the most of the federal EV tax credit, these four options could be worth considering. With their varying price points and features, there’s likely a used plug-in hybrid that suits your needs and budget while also qualifying for the federal tax credit. By taking advantage of this credit, you can save money on your purchase and contribute to a more sustainable future with an electric or plug-in hybrid vehicle.