Certain PHEVs are eligible for federal tax credits. And if you are searching around, there are some great deals on PHEVs to be found.
Not everyone is ready for an EV yet. Plug-in hybrids can be — at least in theory— a compelling EV alternative that offers the best of all worlds . An owner can deploy the battery for short trips and commutes while having the flexibility for an easier, long-distance road trip with the internal combustion engine. And many PHEV batteries can charge overnight on a conventional outlet without requiring a Level 2 charger. One issue is that PHEVs tend not to be too affordable.
However, Lexus has been lowering the price of leases in certain states, with $9,500 in lease cash for 2024 models and $7,500 on 2025 models. Best SUV PHEV Deal: Jeep Wrangler Sport 4xe Starting MSRP: $50,695 Horsepower: 370 EV-only Range: 21 miles The Wrangler 4xe formula is impressive on paper. It’s the most potent non-V8 powertrain in the Wrangler lineup with 375 horsepower and 470 lb-ft of torque. It offers 21 miles of EV-only range.
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