Toyota gives Prius Plug-in a price cut for 2014 model (now starting under $30,000)

Toyota Prius Plug-in PHEV
© Toyota

95 MPGe is getting more affordable

Toyota is joining the wave of plug-in vehicle makers who are cutting prices (f.ex. LEAF, Volt, Focus EV...), something that's completely normal with new technologies as economies of scale kick in and incremental improvements reduce costs and improve performance. The Prius Plug-in, which is rated at 95 MPGe by the EPA, used to start at $32,000 for the base model and $39,525 for the 'advanced' model. That has been reduced by $2,010 and $4,620 respectively in the 2014 model to $29,990 for 'base' and $34,905 for 'advanced'.

© Toyota

"Production of the 2014 model year Prius Plug-in begins in October with pricing taking effect when these models arrive in showrooms in November", says Toyota. The PHEV qualifies for a Federal Tax Credit of up to $2,500 in addition to the State of California’s Clean Vehicle Rebate Program (CVRP) which offers a $1,500 rebate. It's also eligible for the State of California’s HOV lane sticker.

© Toyota

The 2014 Prius PHEV will be available in 15 states (California, Oregon, Washington, Arizona, Maine, Massachusetts, Vermont, New Hampshire, Rhode Island, Connecticut, New York, New Jersey, Maryland, Virginia and Hawaii).

Via Toyota

See also: VW XL1: The world's most efficient 'production' car debuts in the U.S. (261 MPG)

Tags: Electric Cars | Electric Vehicles | Hybrid Cars

Best of TreeHugger