*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.
RecommendationsToday’s purchasers of hybrids, plug-in hybrids, and all-electric cars are looking for many of the same things that owners of traditional gasoline-powered cars want. Namely, reliability, quality, fuels economy, and safety. Here’s our look at some of the safest EVs on the market.
Industry UpdatesThroughout 2024, news and social media have been full of headlines claiming that EV sales have fallen off a cliff, and that consumers are abandoning electric cars. But, a look at the actual sales data tells the opposite story.
AnnouncementsAre you a resident of Washington state? If so, there’s good news if you’re considering an electric car. If you make less than about $90,000 a year, you may be eligible for pretty significant EV rebates – which can be added to the $7,500 federal incentive.
AnnouncementsToyota recently announced a massive expansion of its Kentucky manufacturing facility, which currently makes hybrid Camry and RAV4 models. The factory will produce a new large electric SUV, which should be eligible for federal incentives.
Industry UpdatesToyota is making large and rapid investments to bring more EVs to market, and it recently signed a deal with LG to manufacture hundreds of thousands of EV batteries annually. The batteries will be made in Michigan for electric cars made in Kentucky.
Industry UpdatesToyota has garnered some criticism for its stance on full-electric vehicles, preferring to offer customers a range of technologies including hybrid and gasoline options. But it has four new battery technologies in development that promise huge leaps in performance and range.
Industry UpdatesToyota has revised its electrification strategy, with governments and competitors applying increasing pressure to reach zero emissions. Toyota now plans to introduce 10 new EVs in the next three years, including a three-row EV SUV. Plus, its next-generation platform promises double the range.
TrendsToyota is one of the pioneers of electrification, having first introduced hybrid vehicles over 20 years ago. It continues to believe in offering a mix of carbon-reducing technologies such as hybrid, plug-in, and hydrogen in addition to battery-electric. Here's why.