On May 1, 2019, a new federal rebate took effect to encourages drivers to purchase electric vehicles. The rebates take up to $5,000 off the cost of electric vehicles, and $2,500 off of plug-in hybrids, for vehicles that have a starting MSRP less than $45,000 and whose higher vehicle trims does not exceed $55,000.
Plug-in hybrids – which have a gas engine plus electric motors and battery pack that can be recharged at home or charging stations – with battery packs between 4 kWh and 15 kWh. The Toyota Prius Prime plug-in hybrid, with 40 km of electric range thanks to its 8.8-kWh lithium-ion battery, qualifies for a $2,500 rebate. Shop Prius Prime