- Sep 15, 2010
At $28,000, plug-in Toyota Prius should be cheapest PHEV in U.S. in 2012
2010 Plug-in Prius Prototype – Click above for high res-image gallery
As we mentioned yesterday, Toyota hopes to begin selling the plug-in Prius in the U.S. by summer 2012 and is eying a price premium of just $3,000 to $5,000 over the base price of a run-of-the-mill Prius. With that info in hand, it appears as though Toyota is targeting a ballpark price of $28,000 for its plug-in, or about $13,000 less than the Chevrolet Volt. Yes, we're well aware that the plug-in Prius only boasts a 13-mile electric range whereas the Volt can travel 40 miles without using a drop of gas, and that the Volt gets a $7,500 tax rebate the Prius PHV will only get a $2,917 tax credit (the way we're calculating this is the base $2,500 rebate for the first four kWh and then the $417 for each additional kWh. Given the PHV Prius's 5.2 kWh pack, that comes to $2,917. We think this is accurate. Correct us if it's not). So, after rebates, the Volt = $33,500 and the Prius PHV is $25,083. We know that $8,500 is not exactly chump change and it could be difficult for buyers to justify the hefty premium for a mere 28 miles of added range. Don't you think?
Photos by Sebastian Blanco / Copyright ©2010 Weblogs, Inc.
[Source: Green Car Advisor]