*Assumptions: 13,500 miles driven annually; 60 monthly payments; 6.63% interest rate for new vehicles; 11.38% interest rate for used vehicles; does not include incentive savings. Energy costs are $0.166/kWh and $4/gallon. Estimated vehicle prices are based on historical pricing data from Driveway.com and the manufacturer's suggested retail prices. Emissions, charge times and vehicle efficiency are based on EPA estimates. PHEVs assume 7% of driving on electricity and 93% on fuel.
Industry UpdatesAccording to industry journal Automotive News, sales of hybrids, plug-in hybrids, and EVs hit new highs in the first quarter of 2024. Hybrid vehicles were the big winner, with sales more than doubling, and owners becoming even more loyal.
RecommendationsWhile you probably have heard of the $7,500 federal tax incentive for electric cars, did you know it also applies to plug-in hybrids? Here's a list of plug-in vehicles that could save you thousands at purchase.
ReviewsWe test drive and review the new Jeep Grand Cherokee 4xe Overland- is the most fuel efficient Jeep ever made worthy of the "Jeep" badge? Click here to learn more about it.
RecommendationsPlug-in hybrid technology is impressive in and of itself. But many vehicles offer even more in terms of high-end safety features, infotainment, or convenience. The best part is that great tech isn't just isolated to luxury nameplates.