For those not fully ready to commit to an EV, PHEVs (Plug-In Hybrid Electric Vehicles) or hybrids are a great in-between option. While both typically have better city MPG, PHEVs and hybrids offer vastly different experiences. In this blog post, we’ll define those differences to help you better understand the differences, similarities, and incentives of PHEV vs hybrid.
PHEV (Plug-In Hybrid Electric Vehicles) includes an internal combustion engine and an electric motor with a rechargeable battery. While you don’t necessarily have to plug-in your PHEV, it enhances the MPG greatly, with all-electric driving, plus gas or diesel when you need it. Once the battery is full, you can choose whichever mode fits your needs. With electric-mode, you get between 20 – 50 miles of electric-only driving. Hybrid mode uses the most efficient way to use the battery and engine. Combustion mode is good for long-distance drives, towing, or when the battery’s depleted.
Hybrids (HEVs) include both a gas engine and an electric motor which rely on a battery. The battery is charged by the gas engine and through regenerative braking. No plug-in charging required.
Both use a combination of internal combustion engines and an electric motor. They both also use regenerative braking to capture kinetic energy and convert it into electrical energy. This energy is then used to help charge the battery. This design allows PHEVs and hybrids to have better city MPG where traffic includes more stop-and-go driving.
A PHEV comes with a larger battery. A PHEV is 10-20 times larger than a hybrid’s battery. This means a PHEV allows for fully electric driving and offers more flexibility than a hybrid but requires plug-in charging to make full use of the battery. How many miles of electric driving depends on the PHEV’s battery size, weight, and configuration.
PHEV’s can be a pure EV about town and use gasoline-fueled hybrid power on longer weekend trips. Hybrid vehicles on the other hand usually have a lower price point compared to PHEVs.
Yes, PHEVs can qualify for the 2024 EV Tax Credit. Conventional hybrid vehicles do not qualify for the federal tax credit.
The PHEV’s that qualify for up to $3,750 of the 2024 EV Tax Credit are:
The PHEVs that qualify for the full 2024 EV Tax Credit of $7,500:
Other Manufacturers also provide their own version of rebates up to $7,500 to compete with qualified PHEVs – usually on Leases only. Some of these include:
Leasing a PHEV may be more cost-effective thanks to this leasing loophole most automakers qualify for. Leased clean vehicles qualify for a commercial clean vehicle credit. Most automakers pass on these savings as a rebate on the down payment. It also doesn’t have the same income requirements as the EV Tax Credit does.
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