Will a Plug-In Hybrid Vehicle Save Me Money?
Absolutely! No matter which way you look at it, your choice of a plug-in hybrid vehicle will save you money in the long run. Compared to a fully electric vehicle, the charging cost will be considerably lower when you choose a plug-in hybrid vehicle. With a plug-in hybrid vehicle, only part of the vehicle will be powered by an electric battery, meaning that you won't have to ramp up the cost of your electric bill to get to work in the morning. But that's not all! When you drive around town, your plug-in hybrid vehicle will have amazing fuel efficiency, reducing your need to go to gas stations. Many plug-in hybrid vehicles also have the ability to engage in all-electric driving, giving you the power to cruise to work or around the neighborhood without using any gas whatsoever.
In addition to that, many plug-in hybrid vehicles qualify for various tax credits and rebates. Depending on federal, state, and local incentives, you may be able to save thousands of dollars when you take home a plug-in hybrid vehicle. Consult your tax supervisor for more details about your desired plug-in hybrid vehicle and the tax incentives that may apply to you.