3 Plug-in Hybrid (PHEV) Models You Can Buy for Under $30,000

With gas prices in the U.S. higher than they ever were before, drivers across the country are ready to take the plunge into a plug-in hybrid electric vehicle. However, while PHEVs provide you with savings at the gas pump, they come at a steep price tag. Lucky for drivers, these affordable plug-in hybrids cost less than $30,000. 

2022 Toyota Prius Prime 

The 2022 Toyota Prius Prime plug-in hybrid (PHEV) hatchback in teal driving over a city bridge
2022 Toyota Prius Prime | Toyota Motor Sales, U.S.A., Inc.

With a $28,220 price tag, the 2022 Toyota Prius Prime PHEV remains an affordable member of the company’s hybrid family. The five-seat vehicle gets 54 MPG and 133 MPGe on a 1.8L 4-Cylinder engine with 121 horsepower and 105 lb-ft of torque. However, despite its lower cost, buyers will appreciate the noticeable dip in fuel costs when they hit the open road. 

The car’s Tire Pressure Monitor System and Hill Start Assist Control help keep occupants safe and well-informed of their vehicle’s performance. Inside, there’s a 7″ touchscreen infotainment screen that’s Apple and Android ready, a Smart Key system, and smart-flow climate control to keep the ride as comfortable as it is affordable. 

According to EVadoption, Prius Prime buyers get a $4,585 tax credit upon their purchase to further their savings. However, for those who want to look for something bigger at a similar value, Kia may have the car for you. 

2022 Kia Niro PHEV

The 2022 Kia Niro PHEV is one of its class’s most affordable crossover SUVs. With a 1.6L engine boasting 139 horsepower and 195 lb-ft of torque, the Niro PHEV is a solid option for those who need a large, affordable, and fuel-efficient vehicle. Its 63.2 cu. ft. interior makes it the ideal fuel-efficient model for those with large families who also tote around large amounts of cargo. 

The Niro PHEV gets 26 miles of all-electric range and 105 MPGe combined when in conjunction with the fuel tank. With a six-speed dual-clutch transmission, a Kia Connect touchscreen with a rearview camera, and several smart options for music, comfort, climate, and control, the Niro PHEV is a user-friendly option for experienced PHEV drivers and newcomers alike. 

The plug-in hybrid SUV starts at $29,590, but you save around $4,543 once the tax credit kicks in, thanks to the Federal Tax Credit. As far as space combined with fuel efficiency, it’s hard to outperform the Niro PHEV. 

2022 Hyundai Ioniq Plug-in Hybrid

The cheapest PHEV on the market, the 2022 Hyundai Ioniq Plug-in Hybrid, might be too small for some families, but those who can take advantage of its lower cost will likely enjoy what they experience. The SE trim is comparable to the Prius, but with 139 horsepower and 109 lb-ft of torque, it outperforms the Toyota PHEV in terms of sheer power. 

Out on the road, the Ioniq Plug-In Hybrid gets 29 miles of all-electric range, 119 MPGe, and 52 mpg combined. Inside, there’s a six-way adjustable driver seat with standard heated front seats, proximity key, Bluelink connection, Sirius capabilities, and several other infotainment perks to keep you safe and entertained when driving. 

The base model, the 2022 Ioniq Plug-In Hybrid SE, sells for just $26,800, but it should be noted that the next model up, the SEL trim, also sells for $29,800 with additional performance and entertainment options. Add the $4,585 tax credit you receive, and the Ioniq Plug-In Hybrid is the best value for those whose needs it fits. 

While the gas prices are frustrating, the PHEV market is slowly moving toward the norm. As they do, the prices should go down. Until then, these options give you something cheaper without sacrificing your safety and performance. 

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