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Prius Plug-In eligibile for a $1,500 California consumer incentive plus $2,500 Federal tax credit

28 February 2012

Toyota Motor Sales, Inc. announced that the 2012 Prius Plug-in has been approved for the State of California’s Clean Vehicle Rebate Program (CVRP). Designed to promote the use of Zero Emissions Vehicles (ZEV) and related clean vehicle technologies, the CVRP is a consumer incentive made available in addition to a $2,500 Federal Tax credit. The 2012 Prius Plug-in also offers consumers eligibility for the State of California’s HOV lane sticker.

The CVRP program offers rebates to individuals, business owners, non-profit groups, and government entities that purchase or lease new eligible zero-emission or plug-in hybrid electric vehicles. Under this program, the Prius Plug-in is eligible for a $1,500 rebate that will be provided to consumers on a first come first-served basis. These grants are available when a vehicle is either purchased or leased for 36 months or longer.

While in EV Mode, the Prius Plug-in is rated by the EPA to drive up to 11 miles. It’s also capable of traveling up to 62 mph (100 km/h) using electric power alone. During EV Mode driving, the Prius Plug-in is rated at 95 MPGe (miles per gallon equivalent). In hybrid mode, it has an EPA combined mileage rating of 50 mpg. This means that when the EV Mode is depleted, Prius Plug-in still obtains the same estimated fuel economy rating as Prius Liftback. With its Lithium-ion power and extended electric vehicle mode, the Prius Plug-in is EPA-rated for a total driving range of 540 miles.

The Prius Plug-in will be available in two models, the Prius Plug-in and the Prius Plug-in Advanced. The base MSRP for the Prius Plug-in Hybrid is $32,000. The Prius Plug-in Hybrid Advanced has an MSRP of $39,525. Both Prius Plug-in models are eligible for the up to $4,000 worth of government-supported consumer incentives, in addition to offering eligibility for California’s High Occupancy Vehicle (HOV) lane sticker.

At launch, the Prius Plug-in Hybrid will be available in the following 14 states: California, Oregon, Washington, Arizona, Maine, Massachusetts, Vermont, New Hampshire, Rhode Island, Connecticut, New York, New Jersey, Maryland, and Virginia. A national rollout of Prius Plug-in is planned for 2013.

February 28, 2012 in Brief | Permalink | Comments (2) | TrackBack (0)

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Anyone on this forum signed up for one of these? Or a leaf or a Volt?

Designed to promote the use of Zero Emissions Vehicles (ZEV) and related clean vehicle technologies, the CVRP is a consumer incentive made available in addition to a $2,500 Federal Tax credit. free credit report vs free credit score

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