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Hybrid vs. Electric: Which Holds Its Value Better in the UK Market?

Hybrid vs. Electric: Which Holds Its Value Better in the UK Market?

With the UK's 2035 ban on new petrol and diesel vehicles looming, hybrid and electric vehicles (EVs) are gaining popularity. But as more buyers consider these eco-friendly options, one important question remains: Which holds its value better — a hybrid or an electric car? If you're buying or selling, knowing the answer could protect your investment.
In this blog, we'll explore current UK market trends and resale patterns to help you decide — and show you how tools like CheckCarValue.co.uk can assist with accurate car valuations and MOT check reports.
1. Understanding Residual Value: What It Means for UK Car Buyers
Residual value refers to how much your car is worth after a certain number of years, compared to its original price. It's an essential consideration for: Private car owners who want to value my car before reselling
Dealers evaluating part-exchange values
Finance companies calculating lease or PCP agreements
EVs and hybrids can depreciate differently due to battery costs, brand perception, range concerns, and government incentives.
👉 Pro Tip: Before you buy or sell, always check car value online to understand your vehicle's current worth based on live market data.
2. How Hybrid Cars Retain Their Value in the UK
Hybrid vehicles, such as the Toyota Prius or Honda Jazz Hybrid, have been on the market longer than most EVs. This gives them an edge in the used market: Established reliability: Many hybrids are known for long-term dependability.
Lower battery anxiety: Hybrids don't rely solely on batteries, easing resale fears.
Wider resale audience: Buyers switching from petrol often prefer hybrids over full EVs.
As of 2025, data from Auto Trader and CAP HPI shows that popular hybrid models retain around 55–65% of their value after three years — a solid figure compared to some EVs.
3. Electric Vehicles: Faster Depreciation, But the Gap Is Closing
Electric cars have had a mixed reputation when it comes to depreciation: Older EVs (2015–2020 models) saw rapid depreciation due to short ranges and outdated battery tech.
Newer EVs like the Tesla Model 3 or Kia EV6 retain better value due to improved range and demand.
Fleet exodus: A wave of ex-fleet EVs hitting the market in 2024 has slightly driven prices down.
However, the picture is changing. According to This Is Money, EVs that once lost up to 60% of value in three years now average closer to 45–55% — especially among premium and long-range models.
🔧 Tip: Combine a car valuation with an MOT check to ensure your EV is roadworthy and more appealing to second-hand buyers.
4. Factors That Influence Resale Value for Hybrids and EVs
Several factors affect how well either type of vehicle holds its value in the UK: Factor Hybrid Vehicles Electric Vehicles Battery life Less dependent Crucial to value Maintenance Lower than petrol Generally lower, but battery repairs are costly Range Not a concern Critical for older EVs Brand trust Toyota, Lexus strong Tesla, Hyundai growing Charging network Not required Can deter resale in rural areas
Even a clean MOT history can make a significant difference when selling. You can run a quick MOT check on your car through CheckCarValue before listing it for sale.
5. Should You Buy Hybrid or Electric If You Plan to Sell in 3–5 Years?
If you're planning to resell in the short to medium term, here's a breakdown:
Choose Hybrid if: You want wider buyer appeal
You drive mainly in urban areas
You prefer proven technology
Choose Electric if: You plan to keep the car longer than 5 years
You live in areas with good charging infrastructure
You're buying newer models (2022 onwards) with longer range
Battery warranties and tech upgrades have significantly improved, making 2024–2025 EV models more attractive for resale. You can use our check car value tool to compare depreciation trends by model.
6. How to Accurately Value Your Car Before You Sell
Whether it's a hybrid or EV, valuing your car correctly is essential to attract buyers and secure a fair price.
Here's how: Use a trusted tool like CheckCarValue.co.ukSimply enter your reg number and mileage to get an instant estimate. Get a full MOT check historyA clean MOT record boosts confidence for potential buyers. Compare with local listingsSee what similar cars are selling for in your area. Factor in battery healthFor EVs, buyers may request a battery condition report — include this if possible.
Final Thoughts
Both hybrid and electric vehicles have their pros and cons when it comes to resale value in the UK. While hybrids currently hold a slight edge due to reliability and wider acceptance, modern EVs are catching up quickly as battery tech and infrastructure improve.
Whether you're buying, selling, or just curious — make informed decisions with tools like CheckCarValue.co.uk, where you can instantly value my car, review your MOT check history, and stay ahead in a changing market.
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Tough on Terrain, Easy on Your Wallet: Budget Off-Road SUVs That Crush It
Tough on Terrain, Easy on Your Wallet: Budget Off-Road SUVs That Crush It

Yahoo

time4 hours ago

  • Yahoo

Tough on Terrain, Easy on Your Wallet: Budget Off-Road SUVs That Crush It

Over the past few decades, the auto industry has steadily blurred the definition of what an SUV really is. What once described large, rugged vehicles built for tough terrain now includes everything from compact crossovers to lifted hatchbacks. Today, some so-called SUVs start around $20,000 and don't even come with all-wheel drive, making them better suited for school drop-offs than off-road adventures. If you're looking for something more capable, a vehicle that can actually handle trails, snow, and rough terrain, then you're in the right place. We chose these SUVs based on their price first and foremost. If it's brand new, we've chosen the trim level that fits within this budget, and the prices are correct at the time of publication. If it's used, we reference the market valuation website for the current value. As for the off-road capability, we use the opinions and experience of professional automotive journalists who have driven these SUVs and tested them in the right conditions. Wherever we mention stats, such as ground clearance, etc., they are the official figures claimed by the automakers. So, what kind of SUV can you buy for $40,000 or less and not have to worry about road conditions? Let's see… Easily one of the most obvious choices. The Wrangler is one of America's favorite off-roader SUVs, and despite all the jokes and stereotypes surrounding both it and the Jeep brand as a whole, it still has some good value to bring. Available as a three-door or five-door, the Wrangler is a genuinely capable off-roader right from the factory. The latest one is offered with 35" tires, giving it an almost ridiculous 13" ground clearance. You can also get the 2025 Wrangler as a plug-in hybrid, and it's even possible to spec it with an optional winch. For $40,000, you'll have to settle for a base Sport if you want four doors, but if you're fine with a two-door, add $190 to the budget, and you'll have a more specced-out Willys. We'd love to include the 2025 4Runner in this roundup, but sadly, that car starts from $40,000. Instead, the fifth-generation 4Runner will have to do. Actually, that doesn't sound right. The fifth-generation 4Runner will most certainly do. Launched in 2010 and staying in production for a decade and a half, the fifth-generation 4Runner was one of the last truly old-school SUVs on the market. While everyone transitioned to hybrids and smaller engines, the 4Runner was chugging away with a big 4.0-liter V6 and a five-speed automatic, as reported by TrueCar. YouTuber Doug DeMuro also demonstrated how old school it was in his review, including the persistent use of a regular key. places the fifth-gen 4Runner at around $33,000. You might need to go for a higher mileage example, but this is a Toyota SUV, so that shouldn't be much of a problem. Easily one of the greatest comebacks in automotive history. After decades of consideration and teasing, Ford finally brought back the Bronco in 2020 as a proper competitor to the Jeep Wrangler. If you want a brand-new Bronco, the basic ones start from just under $40,000. It's a better idea to go through the classifieds for certified pre-owned or leftover inventory. Even though values the Bronco at around $70,000, if you dig past all the hideous, modified examples, you could get a Bronco with the Sasquatch package for around $36,000. You definitely want the Sasquatch because that's the one with the locking diffs, larger tires, and beadlock wheels. That's not to say the regular Bronco isn't capable enough already, as Elana Scherr of Car and Driver discovered. The Mercedes G-Class guarantees off-road ability in the same way that a sunny day guarantees a blue sky. Starting its life as a military vehicle, the G-Wagen has become one of the most iconic and notoriously capable off-roaders of all time. It oozes cool factor from every angle, and that has meant, among other things, sky-high values. Obviously, $40,000 is nowhere near enough for a brand-new Rodeo Drive spec G-Class. For this kind of money, you'll be looking at an imported W463 G Wagen, meaning anything from the early '90s until about 2000 or so. Although they have less tech than the newest ones, Jonathan Bryce of Autocar reports that they still have a decent amount of creature comforts and some pretty unstoppable diesel engines. Many of them are now legal to import to the States. Even though Classic values the diesel G-Wagens of this vintage at around $45,000, some are going for $35,000 or even around $25,000. This is the Toyota SUV that was gone too soon, and it needs to be brought back. The FJ Cruiser was a tribute band to the original FJ40 Land Cruiser, hence the name, and it was a more fun way to have an off-roader SUV. Everything about this thing oozes style and character, from the half-size rear doors to the general shape and the trio (yes, really) of windshield wipers. It's also tough and durable on the inside, the powertrains are reliable, as Vlad Radu of Autoevolution reports, and the styling is not just for show: it's genuinely capable. For $40,000, you might get lucky and find one of the Trail Team's versions. If you want to play it safe, Classic places the regular FJ Cruisers at around $28,000 on average, and for closer to $40,000, you'll have a mint condition one with low miles. This also means that the FJ Cruiser doesn't really do depreciation. Another off-roader SUV that disappeared from the market a little bit too soon. The Xterra was, ostensibly, an SUV version of the Frontier pickup truck. It aimed to offer genuine capability in a smaller footprint and at a more affordable price. As Zach Bowman of MotorTrend reported, it doesn't really drive like a bulky lifted car on the road, but when duty calls, the Xterra will respond every time. The second-generation Xterra received some nicer off-road hardware, including, as Ron Kiino of C&D reported, a proper locking rear differential. The first-generation cars had a rear LSD, but they were still plenty capable. Classic places both generations of the Xterra at around $13,000 on average, and that kind of money is plenty enough for a well-kept example with the off-roading upgrades. The third-gen Montero, known as the Pajero or Shogun in other markets, blends comfort and off-road performance with a surprising amount of refinement. While earlier Monteros were more utilitarian, this version embraced modern comforts without sacrificing its serious 4WD chops. With a unibody chassis and fully independent suspension, it may not be a rock crawler like a Wrangler, but it's extremely capable on rough trails. Most examples fall in the $6,000–$12,000 range, depending on condition, so you've got room in the budget for tires and a mild lift. Some of you may not know, but throughout most of the world, Toyota offers a smaller version of the Land Cruiser called the Land Cruiser Prado. That's essentially what the 250 Series is now, and Gero Lilleike of confirms it still carries that same Prado name overseas. Technically, there was a way to have a Prado in North America, too, but it had a Lexus badge instead of a Toyota one. The GX first came to North America in 2002, but we're focusing on the second-generation J150 here. The Lexus GX enjoyed V8 power in the States, which its overseas counterpart couldn't brag about. While it did focus a lot on luxury, Jason Fogelson of Forbes reported that the J150 GX has permanent 4WD and a standard locking center diff, which made overlanding as easy as pie. According to Classic, second-generation GX models go for around $27,000 on average. GM doesn't exactly have a stellar reputation for off-roaders, but the original TrailBlazer is a dark horse. It came with a robust 4.2-liter inline-6 making 275 horsepower, solid towing capability, and optional 4WD with low range. The platform was shared with the GMC Envoy and a few others, but the TrailBlazer stood out for its rugged utility. It's not the flashiest SUV out there, but with used prices starting at just a couple of thousand dollars, according to Kelley Blue Book, it's a dirt-cheap ticket to your favorite trailhead. If you're looking for a full-size SUV that combines comfort with genuine off-road chops, the Z71 trim of the Chevrolet Tahoe is a solid pick. Available across multiple generations, the Z71 package added off-road suspension, skid plates, beefier tires, and a locking rear differential, features that helped transform the Tahoe from suburban hauler to backcountry bruiser. Despite its size, the Tahoe Z71 is surprisingly capable off-road, especially when paired with the 5.3-liter V8 engine. Parts availability is excellent, reliability is solid, and there's plenty of space for gear or passengers. J.D. Power lists average values for 2004 Z71 models around $4,225–$9,500, making them a budget-friendly way to explore the wild without sacrificing daily drivability. Isuzu pulled out of the U.S. market a long time ago. The Japanese automaker did not leave without a bang, however. The VehiCROSS is one of the strangest, most admirable SUVs to emerge in the late 90s and the early 2000s. It was offered exclusively with three doors and had some truly ridiculous (in a good way) styling, the most notable aspect being the massive tires. As Frank Markus of Car and Driver reported, the VehiCROSS had beefy drivetrain components designed not just to go off-road but to go off-road fast. In that regard, the VehiCROSS and its Baja capabilities were way ahead of their time. You won't be surprised to hear that this is a very rare vehicle, but Classic claims that the average value hovers around $11,000, though nicer examples are closer to $20,000. Sometimes, having an off-roader that works most of the time is no fun. The Land Rover LR3, or the Discovery 3, as it was called in the rest of the world, is something like a more utilitarian Range Rover with three-row seating. Land Rover doesn't skip out when it comes to off-roading, and the LR3 is no exception. Mack Hogan of Road and Track absolutely loved his time off-roading a mostly stock LR3. It's an immensely capable SUV while also being luxurious, full of charm, and offering some exciting powertrains. places the LR3 at around $13,000 on average, though you want to avoid the four-figure, high-mileage examples for optimal results. You should also avoid the TMU (total mileage unknown) stuff and anything without proper maintenance and records. One Reddit user confirms that proper maintenance is a top priority for these cars. Despite the bro-truck reputation, the H3 is more than just a mall crawler fashion statement. It's the most normal-sized Hummer and shares underpinnings with the Chevy Colorado. The H3 has full-time 4WD with optional rear locking diff and serious ground clearance (up to 9.7"), and steep approach/departure angles. It's also one of the few Hummers you can buy for less than $20K and not feel guilty about modifying. If you're looking for a solid trail SUV with plenty of presence, the H3 is an excellent choice. Despite Jeep's somewhat bad reputation in the automotive world, the XJ Cherokee is one of the automaker's greatest hits. Launched at the very end of the 1980s, this boxy workhorse introduced something to the SUV world that would become the gold standard: unibody construction. The XJ Cherokee was one of the first production SUVs to use a unibody instead of body-on-frame, something that Jerrod Jones of MotorTrend covers in great detail. That didn't mean the XJ Cherokee was not capable of off-roading, even if it did require a few small modifications. What's more, you could have it with Jeep's 4.0-liter inline-6, an engine one Reddit user claims is quite literally unstoppable. According to Classic, on average, XJ Cherokees are going for around $13,000, though the nicely kept examples are closer to $20,000. One of a handful of Suzuki models that Americans fondly remember. Also briefly known as the Geo Tracker, the Suzuki Sidekick was the North American version of the Vitara/Escudo, and it was a pretty big change of pace for the SUV market at the time. David Tracy of the Autopian makes it clear that this is not an SUV we should mock based on appearances. The Sidekick stood out due to its comparatively small dimensions, and it was jam-packed with personality. It looks cool even today. When it comes to SUVs, Suzuki tends to focus on off-road capability, and the Sidekick is no exception. It's a fun way to go further off-road than any vehicle this size has any right to do, and you won't have to part ways with a ton of cash. Considering that these go for $8,000 on average, according to Classic, it's an affordable way to venture off-road. The Grand Vitara is one of the most overlooked modern compact SUVs with legitimate off-road capability. Unlike most of its crossover competitors, it used a ladder-frame-on-unibody design with a real low-range transfer case. This was a decent off-road SUV straight off the showroom floor, and with modest mods like all-terrain tires and a slight lift, it becomes a surprisingly competent trail runner. Best of all, you can scoop one up for around $8,000, leaving plenty of headroom in your budget for personalization. Before the Explorer became a mall crawler, the early models were proper off-road rigs. The first-gen Explorer shared much of its DNA with the rugged Ranger pickup, including a solid rear axle, body-on-frame construction, and a torque-rich 4.0-liter V6. With the optional 4WD system and available 5-speed manual, these SUVs could hold their own on rocky trails. They're not as refined as newer models, but they're easy to maintain and built to take a beating. Best of all, you can find clean examples for well under $5,000, leaving plenty of room in the budget for upgrades. The Liberty may not have the legendary status of the Wrangler, but the Renegade trim brought legit off-road cred to Jeep's smaller SUV. It featured skid plates, a locking center differential, and beefier suspension components, plus the boxy styling and roof lights gave it a trail-ready attitude. Under the hood was a 3.7-liter V6 paired with a proper 4WD system. It's not as hardcore as a Wrangler, but it'll get you down a muddy trail without breaking a sweat. According to Kelley Blue Book, used prices hover around $3,000–$6,000, making it one of the cheapest ways into the Jeep lifestyle. Before the Durango went full soccer-mom SUV, the first-generation model was a decent off-roader. Built on a modified Dakota pickup chassis, it came with V8 power, optional 4WD with a low-range transfer case, and seating for up to seven. It wasn't luxurious, but it was rugged and full of attitude. You can find one of these listed for around $5,000–$7,000, depending on mileage and condition, which makes it one of the most affordable ways to obtain V8-powered off-road capability. One of the most badge-engineered cars in history, the Isuzu Rodeo was marketed under about a dozen other brands and model names. The Rodeo is somewhat of a cult classic SUV nowadays, and it's a pretty interesting off-roader. Christian Hazel of MotorTrend singles out the Rodeo as a great first off-roader since it doesn't lose all talent when it's on the pavement. It's decently drivable on the road, but when you want to go off-roading, you won't have a hard time. The most desirable Rodeos use the 3.2-liter V6, and Classic places the average value at around $8,000. You might have to pay a little bit more for the nicest ones, though. Many off-road SUVs come with a hefty price tag, and even then, they often need expensive modifications to handle serious terrain. Between upgrades, lift kits, and aftermarket gear, costs can climb quickly. But the models featured here prove you don't need to break the bank to get true off-road capability. With a budget of around $40,000, you can find an SUV that's ready for adventure straight from the factory, no major upgrades required. Just a sense of direction and a willingness to explore.

Trump tariffs live updates: Trump and China's Xi Jinping speak at last, agree to more talks
Trump tariffs live updates: Trump and China's Xi Jinping speak at last, agree to more talks

Yahoo

time5 hours ago

  • Yahoo

Trump tariffs live updates: Trump and China's Xi Jinping speak at last, agree to more talks

President Trump and Chinese leader Xi Jinping spoke on Thursday, and both countries pledged to restart tariff and trade talks in the coming days. Trump hailed the call as "positive" on Thursday, with both leaders inviting the other to visit their respective countries. Chinese state media said Xi urged Trump to remove 'negative' trade measures on his country. Trump said he would have a team led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer shepherd the talks. The call came after weeks of Trump publicly pushing for the talk, as US-China tensions have risen in the aftermath of the countries' trade truce reached in mid-May in Geneva. Both countries have accused the other of breaching that truce while ratcheting up pressure on other issues. On Wednesday, a US auto parts group urged immediate action on one of those bubbly issues: China's tighter controls on rare earth exports. The group warned the move could soon disrupt car production. China processes over 90% of these minerals, which are used in motors and cameras, among other things. Car giants, such as General Motors (GM), Ford (F), and Toyota (TM), joined the call for help. China's rare earth curbs are seen as part of the wider trade tensions with the US. "There should no longer be any questions respecting the complexity of Rare Earth products," Trump said Thursday. Read more: What Trump's tariffs mean for the economy and your wallet Trump's call with Xi came as the US is pushing countries to speed up trade talks. The White House confirmed that the US sent a letter to partners as a "friendly reminder" that Trump's self-imposed 90-day pause on sweeping "reciprocal" tariffs is set to expire in early July. White House advisers have for weeks promised trade deals in the "not-too-distant future," with the only announced agreement so far coming with the United Kingdom. Also this week, effective Wednesday, June 4, Trump doubled tariffs on steel and aluminum from 25% to 50% Meanwhile, Trump's most sweeping tariffs face legal uncertainty after a federal appeals court allowed the tariffs to temporarily stay in effect, a day after the US Court of International Trade blocked their implementation, deeming the method used to enact them "unlawful." Here are the latest updates as the policy reverberates around the world. A major US auto parts group warned on Wednesday that China's new export rules on rare earths could soon cause serious problems for car production. These rare earth materials are used in cars and cameras, and China controls over 90% of the world's supply. This follows news that China is using a tracking system to monitor and control who is buying and selling rare earths, Car giants like GM (GM), Ford (F), and Toyota (TM) are already feeling the pressure. Ford has paused production of its Explorer SUV because of rare earth shortages. Foreign car companies are also feeling the heat. Suzuki Motor's suspended production of one of its vehicles due to rare earth restrictions, and German carmaker Mercedes-Benz ( MBGAF) is looking into building rare earth stockpiles with one of its key suppliers. In a statement to Reuters, MEMA, the Vehicle Suppliers Association, said: "The situation remains unresolved and the level of concern remains very high. It added: "Immediate and decisive action is needed to prevent widespread disruption and economic fallout across the vehicle supplier sector." It was also reported on Thursday that Japan is planning to propose strengthening cooperation with the US on rare earth supply chains in upcoming tariff talks with the US, due to recent export restrictions by China. The US and Japan are not the only two nations affected by the rare earths restrictions. Europe has also sounded the alarm, with EU businesses lobbying Beijing to set up a fast-track system for approval of rare earth export licences for "reliable" companies. China's rare earth curbs are seen as part of the wider trade tensions with the US as the two nations seek to reach a trade deal and avoid tariffs. President Trump confirmed his call with Chinese leader Xi Jinping on Truth Social, saying the call lasted one and half hours and "resulted in a very positive conclusion for both Countries." "I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal," President Trump said. Trump added that the call focused on trade, including rare earth minerals, and that the two leaders did not discuss the Russia-Ukraine war or Iran. Notably, Trump outlined that he and Xi agreed on next steps for trade talks, which will take place "shortly." Trump is sending Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer to meet with Chinese officials. Trump also said he and the first lady had been invited to visit China and that he extended the same invitation to President Xi. Read more here. The US trade deficit shrank in April as imports fell sharply, mainly due to President Trump's tariffs and companies who had previously raced to beat high import costs, no longer rushing in goods ahead of new levies. Reuters reports: Read more here. Chinese state media reported Thursday morning that President Trump and Chinese President Xi Jinping had a phone call at Trump's request. Anticipation had been building as to when the two leaders would speak, as trade tensions between the US and China reignited after Trump and Chinese officials each stated the other had broken their informal Geneva agreement. Trump had publicly pushed for a phone call, which press secretary Karoline Leavitt hinted would come this week. The call appears to mark the first talk between the two leaders during Trump's second term in office. Indian and US officials are holding high-level talks this week in New Delhi to hammer out a finalized trade deal that could be announced this month, two government sources told Reuters. Reuters reports: Read more here. The tit-for-tat game between the US and China continues. A Bloomberg report on Thursday said that the Trump administration plans to broaden restrictions on China's tech sector with new regulations to include subsidiaries of companies under US curbs. This follows China's curbs on rare earths which have led to the US, the EU, Japan and global car companies sounding the alarm on supply chain issues. The Geneva tariff talks between the US and China were meant to help prevent trade tensions between the two nations and put a stop to escalating tariffs. However, it seems both sides are unwilling to back down. Bloomberg News reports: Read more here. US business optimism has fallen sharply, reflecting a trend seen in the first quarter of the year and a reversal from the buoyant mood after President Trump was elected. Bloomberg News reports: Read more here. The world's largest consumer goods company, Procter & Gamble (PG), said on Thursday it will cut 7,000 jobs, approximately 6% of its total workforce, over the next two years as part of a new restructuring plan to combat falling consumer demand and higher costs due to tariffs. P&G said it also plans to exit some product categories and brands in certain markets. P&G, which makes popular brands such as Pampers and Tide detergent, said the restructuring plan comes when consumer spending is pressured. Like P&G, other consumer companies are also facing a drop in demand, such as Unilever. President Trump's tariffs on trading partners have deeply impacted global markets and led to recession fears in the US, which is the biggest market for P&G. A Reuters poll revealed that Trump's trade war has cost companies over $34B in lost sales and higher costs. My colleague Brian Sozzi highlights some of P&G's changes within his latest piece, stating that the consumer goods brand knows how to do a "few things very well." P&G was forced to raise prices on some products in April. Pricing and cost cuts were the main levers, CFO Andre Schulten said. On Thursday, Schulten and P&G's operations head Shailesh Jejurikar acknowledged that the geopolitical environment was "unpredictable" and that consumers were facing "greater uncertainty." Read more here. Instead of passing on tariff costs to consumers, tonic maker Fevertree Drinks (FQVTY) announced on Thursday it would equally split costs of the 10% tariff imposed on UK imports to the US with brewer Molson Coors (TAP). The British company, known for its premium cocktail mixers, counts the United States as its largest market, where it continues to deliver strong momentum bolstered by its partnership with the US beer maker Molson Coors. Read more here. Reuters reports: Read more here. British firms are brushing off President Trump's tariffs, according to a survey released on Thursday by the Bank of England. Reuters reports: Read more here. Reuters reports Read more here. Yahoo Finance's Ben Werschkul reports: Read more here. Apple (AAPL), which has become caught in the crossfire of President Trump's trade war several times this year, now faces delays to the launch of Apple Intelligence in China, the Financial Times reports. It's the latest instance in which the conflict between the US and China has spilled into areas other than tariffs, including aircraft bans, export controls, and student visas. From the Financial Times: Read more here (premium). Prime Minister Mark Carney said Canada will take "some time" to assemble a response to the doubled steel and aluminum tariffs President Trump imposed on Tuesday and that the US and Canada are currently involved in "intensive" trade talks. "We will take some time — not much, some time — because we are in intensive discussions right now with the Americans on our trading relationship," Carney said, as reported by the Canadian Press. Carney also stated that the 50% steel and aluminum tariffs are "unlawful and unjustified," and he predicted they will harm American workers as well as Canada. He noted that Canada is considering its response to Trump's escalation. Already the country has implemented countermeasures on $90 billion worth of US goods. Read more here. In a new letter approximating the budgetary impacts of President Trump's tariffs, the nonpartisan Congressional Budget Office (CBO) stated that tariffs would reduce deficits but reduce the US economy and raise inflation. CBO assessed that the collections from tariffs implemented between Jan. 6 and May 13 would reduce primary deficits by a net $2.8 trillion over the next decade when accounting for reduced outlays of interest payments as well as changes in the size of the economy. The preliminary analysis stated that the effects of retaliatory tariffs, plus reductions in investment and productivity due to tariffs, are expected to weigh on economic growth. The budget office pegged a $300 billion increase in the deficit to these economic changes, partially offsetting the $3 trillion deficit reduction from tariff revenue. CBO also estimated that inflation will increase by 0.4 percentage points on average in 2025 and 2026, thereby "reducing the purchasing power of households and businesses." The estimates reflect the duties imposed as of May 13, including 10% broad-based tariffs, 25% auto tariffs, and 25% steel and aluminum tariffs (the last of which doubled as of June 3). They do not reflect the US-UK trade pact announced on May 8. President Trump's tariffs are leading many American's, especially those with deeper pockets to flock to dollar stores. Chains such as Dollar General and Dollar Tree, whose core customer base was once (and still is) those with less money, are now seeing a rise in wealthier customers visiting their stores, as Trump's tariffs darken US consumer sentiment. The FT reports: Read more here. Activity in the services sector has fallen into contraction for the first time in a year. The Institute for Supply Management's Services PMI registered a reading of 49.9 in May, below the 51.6 seen in April and lower than the increase to 52 economists had expected. Readings above 50 for this index indicate an expansion in activity, while readings below 50 indicate contraction. May's data marked just the fourth time the services sector has fallen into contraction in the past five years. New orders tumbled to a reading of 46.4 in May, below the 52.3 seen the month prior. Meanwhile, the prices paid index increased to 68.7, up from 65.1 in April. This marked the highest prices paid reading since November 2022, when the Consumer Price Index had shown inflation at 7.1%. Steve Miller, the chair of ISM's Services Business Survey, said in the release that "tariff impacts are likely elevating prices paid." "May's PMI level is not indicative of a severe contraction, but rather uncertainty that is being expressed broadly among ISM Services Business Survey panelists," Miller said. Yahoo Finance's Josh Schafer reports: Read more here. The Bank of Canada noted that it's seeing softness in the Canadian economy due to tariffs as it held interest rates steady on Wednesday. 'With uncertainty about US tariffs still high, the Canadian economy softer but not sharply weaker, and some unexpected firmness in recent inflation data, Governing Council decided to hold the policy rate as we gain more information on US trade policy and its impacts,' the Bank said in a statement. 'We will continue to assess the timing and strength of both the downward pressures on inflation from a weaker economy and the upward pressures on inflation from higher costs.' Governor Tiff Macklem also noted that while it's too soon to see tariff-related inflation broadly in consumer prices, the US-Canada trade conflict is "the biggest headwind facing the Canadian economy." Read live updates about the Bank of Canada's policy meeting here. A major US auto parts group warned on Wednesday that China's new export rules on rare earths could soon cause serious problems for car production. These rare earth materials are used in cars and cameras, and China controls over 90% of the world's supply. This follows news that China is using a tracking system to monitor and control who is buying and selling rare earths, Car giants like GM (GM), Ford (F), and Toyota (TM) are already feeling the pressure. Ford has paused production of its Explorer SUV because of rare earth shortages. Foreign car companies are also feeling the heat. Suzuki Motor's suspended production of one of its vehicles due to rare earth restrictions, and German carmaker Mercedes-Benz ( MBGAF) is looking into building rare earth stockpiles with one of its key suppliers. In a statement to Reuters, MEMA, the Vehicle Suppliers Association, said: "The situation remains unresolved and the level of concern remains very high. It added: "Immediate and decisive action is needed to prevent widespread disruption and economic fallout across the vehicle supplier sector." It was also reported on Thursday that Japan is planning to propose strengthening cooperation with the US on rare earth supply chains in upcoming tariff talks with the US, due to recent export restrictions by China. The US and Japan are not the only two nations affected by the rare earths restrictions. Europe has also sounded the alarm, with EU businesses lobbying Beijing to set up a fast-track system for approval of rare earth export licences for "reliable" companies. China's rare earth curbs are seen as part of the wider trade tensions with the US as the two nations seek to reach a trade deal and avoid tariffs. President Trump confirmed his call with Chinese leader Xi Jinping on Truth Social, saying the call lasted one and half hours and "resulted in a very positive conclusion for both Countries." "I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal," President Trump said. Trump added that the call focused on trade, including rare earth minerals, and that the two leaders did not discuss the Russia-Ukraine war or Iran. Notably, Trump outlined that he and Xi agreed on next steps for trade talks, which will take place "shortly." Trump is sending Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer to meet with Chinese officials. Trump also said he and the first lady had been invited to visit China and that he extended the same invitation to President Xi. Read more here. The US trade deficit shrank in April as imports fell sharply, mainly due to President Trump's tariffs and companies who had previously raced to beat high import costs, no longer rushing in goods ahead of new levies. Reuters reports: Read more here. Chinese state media reported Thursday morning that President Trump and Chinese President Xi Jinping had a phone call at Trump's request. Anticipation had been building as to when the two leaders would speak, as trade tensions between the US and China reignited after Trump and Chinese officials each stated the other had broken their informal Geneva agreement. Trump had publicly pushed for a phone call, which press secretary Karoline Leavitt hinted would come this week. The call appears to mark the first talk between the two leaders during Trump's second term in office. Indian and US officials are holding high-level talks this week in New Delhi to hammer out a finalized trade deal that could be announced this month, two government sources told Reuters. Reuters reports: Read more here. The tit-for-tat game between the US and China continues. A Bloomberg report on Thursday said that the Trump administration plans to broaden restrictions on China's tech sector with new regulations to include subsidiaries of companies under US curbs. This follows China's curbs on rare earths which have led to the US, the EU, Japan and global car companies sounding the alarm on supply chain issues. The Geneva tariff talks between the US and China were meant to help prevent trade tensions between the two nations and put a stop to escalating tariffs. However, it seems both sides are unwilling to back down. Bloomberg News reports: Read more here. US business optimism has fallen sharply, reflecting a trend seen in the first quarter of the year and a reversal from the buoyant mood after President Trump was elected. Bloomberg News reports: Read more here. The world's largest consumer goods company, Procter & Gamble (PG), said on Thursday it will cut 7,000 jobs, approximately 6% of its total workforce, over the next two years as part of a new restructuring plan to combat falling consumer demand and higher costs due to tariffs. P&G said it also plans to exit some product categories and brands in certain markets. P&G, which makes popular brands such as Pampers and Tide detergent, said the restructuring plan comes when consumer spending is pressured. Like P&G, other consumer companies are also facing a drop in demand, such as Unilever. President Trump's tariffs on trading partners have deeply impacted global markets and led to recession fears in the US, which is the biggest market for P&G. A Reuters poll revealed that Trump's trade war has cost companies over $34B in lost sales and higher costs. My colleague Brian Sozzi highlights some of P&G's changes within his latest piece, stating that the consumer goods brand knows how to do a "few things very well." P&G was forced to raise prices on some products in April. Pricing and cost cuts were the main levers, CFO Andre Schulten said. On Thursday, Schulten and P&G's operations head Shailesh Jejurikar acknowledged that the geopolitical environment was "unpredictable" and that consumers were facing "greater uncertainty." Read more here. Instead of passing on tariff costs to consumers, tonic maker Fevertree Drinks (FQVTY) announced on Thursday it would equally split costs of the 10% tariff imposed on UK imports to the US with brewer Molson Coors (TAP). The British company, known for its premium cocktail mixers, counts the United States as its largest market, where it continues to deliver strong momentum bolstered by its partnership with the US beer maker Molson Coors. Read more here. Reuters reports: Read more here. British firms are brushing off President Trump's tariffs, according to a survey released on Thursday by the Bank of England. Reuters reports: Read more here. Reuters reports Read more here. Yahoo Finance's Ben Werschkul reports: Read more here. Apple (AAPL), which has become caught in the crossfire of President Trump's trade war several times this year, now faces delays to the launch of Apple Intelligence in China, the Financial Times reports. It's the latest instance in which the conflict between the US and China has spilled into areas other than tariffs, including aircraft bans, export controls, and student visas. From the Financial Times: Read more here (premium). Prime Minister Mark Carney said Canada will take "some time" to assemble a response to the doubled steel and aluminum tariffs President Trump imposed on Tuesday and that the US and Canada are currently involved in "intensive" trade talks. "We will take some time — not much, some time — because we are in intensive discussions right now with the Americans on our trading relationship," Carney said, as reported by the Canadian Press. Carney also stated that the 50% steel and aluminum tariffs are "unlawful and unjustified," and he predicted they will harm American workers as well as Canada. He noted that Canada is considering its response to Trump's escalation. Already the country has implemented countermeasures on $90 billion worth of US goods. Read more here. In a new letter approximating the budgetary impacts of President Trump's tariffs, the nonpartisan Congressional Budget Office (CBO) stated that tariffs would reduce deficits but reduce the US economy and raise inflation. CBO assessed that the collections from tariffs implemented between Jan. 6 and May 13 would reduce primary deficits by a net $2.8 trillion over the next decade when accounting for reduced outlays of interest payments as well as changes in the size of the economy. The preliminary analysis stated that the effects of retaliatory tariffs, plus reductions in investment and productivity due to tariffs, are expected to weigh on economic growth. The budget office pegged a $300 billion increase in the deficit to these economic changes, partially offsetting the $3 trillion deficit reduction from tariff revenue. CBO also estimated that inflation will increase by 0.4 percentage points on average in 2025 and 2026, thereby "reducing the purchasing power of households and businesses." The estimates reflect the duties imposed as of May 13, including 10% broad-based tariffs, 25% auto tariffs, and 25% steel and aluminum tariffs (the last of which doubled as of June 3). They do not reflect the US-UK trade pact announced on May 8. President Trump's tariffs are leading many American's, especially those with deeper pockets to flock to dollar stores. Chains such as Dollar General and Dollar Tree, whose core customer base was once (and still is) those with less money, are now seeing a rise in wealthier customers visiting their stores, as Trump's tariffs darken US consumer sentiment. The FT reports: Read more here. Activity in the services sector has fallen into contraction for the first time in a year. The Institute for Supply Management's Services PMI registered a reading of 49.9 in May, below the 51.6 seen in April and lower than the increase to 52 economists had expected. Readings above 50 for this index indicate an expansion in activity, while readings below 50 indicate contraction. May's data marked just the fourth time the services sector has fallen into contraction in the past five years. New orders tumbled to a reading of 46.4 in May, below the 52.3 seen the month prior. Meanwhile, the prices paid index increased to 68.7, up from 65.1 in April. This marked the highest prices paid reading since November 2022, when the Consumer Price Index had shown inflation at 7.1%. Steve Miller, the chair of ISM's Services Business Survey, said in the release that "tariff impacts are likely elevating prices paid." "May's PMI level is not indicative of a severe contraction, but rather uncertainty that is being expressed broadly among ISM Services Business Survey panelists," Miller said. Yahoo Finance's Josh Schafer reports: Read more here. The Bank of Canada noted that it's seeing softness in the Canadian economy due to tariffs as it held interest rates steady on Wednesday. 'With uncertainty about US tariffs still high, the Canadian economy softer but not sharply weaker, and some unexpected firmness in recent inflation data, Governing Council decided to hold the policy rate as we gain more information on US trade policy and its impacts,' the Bank said in a statement. 'We will continue to assess the timing and strength of both the downward pressures on inflation from a weaker economy and the upward pressures on inflation from higher costs.' Governor Tiff Macklem also noted that while it's too soon to see tariff-related inflation broadly in consumer prices, the US-Canada trade conflict is "the biggest headwind facing the Canadian economy." Read live updates about the Bank of Canada's policy meeting here.

The Most Affordable Plug-In Hybrid With the Longest Range
The Most Affordable Plug-In Hybrid With the Longest Range

Yahoo

time5 hours ago

  • Yahoo

The Most Affordable Plug-In Hybrid With the Longest Range

Think of plug-in hybrid cars (PHEVs) as the sweet spot between traditional gas (ICE) cars and fully electric vehicles (EVs). They offer solid fuel efficiency and can run purely on electricity for quick trips around town. While some PHEVs boast impressive electric ranges, what really matters for most drivers is getting the best bang for your buck. That's why we've focused on the most affordable PHEV you can buy right now, without sacrificing too much on range or performance. Thanks to improvements in battery tech, many PHEVs can go further than ever on electric power alone. That means more money in your wallet and fewer stops at gas stations, which is always a bonus. We've zeroed in on the budget-friendly option that still packs a punch regarding range, charge speed, and overall practicality. So, without further ado, let's dive into what makes it a standout pick for anyone looking to go plug-in without going broke. The data used to compile this article was sourced from various manufacturer websites and other authoritative sources, including the EPA and TopSpeed, to give you the most up-to-date and accurate information possible. The Toyota Prius has been leading the hybrid charge since day one, and it's not showing any signs of slowing down anytime soon either. What started as a fuel-sipping pioneer is now a seriously compelling plug-in hybrid option. Under the hood, the 2025 Toyota Prius PHEV packs a 2.0-liter four-cylinder hybrid engine paired with a CVT. It cranks out 220 horsepower and 139 lb-ft of torque—more than enough to shake off the old "slow Prius" stereotype. Thanks to its 13.6 kWh battery and instant torque, the Prius can sprint from 0-60 mph in 6.6 seconds. Not exactly sports car territory, but definitely quick enough to surprise anyone who thinks hybrids are sluggish. Fuel efficiency is where the Prius really shines, though—EPA estimates put it at 52 MPG combined, or a stellar 127 MPGe when factoring in electric driving. Further, it offers 44 miles of all-electric range, covering most daily errands and commutes without touching the gas tank. When you do need to go the distance, the hybrid system seamlessly kicks in, giving you a total range of around 600 miles. That's road-trip ready—no range anxiety required. The 2025 Toyota Prius Plug-In Hybrid comes in three trims: SE, XSE, and XSE Premium. Pricing starts at $33,375 for the base SE, climbs to $36,625 for the XSE, and tops out at $40,070 for the fully loaded XSE Premium. All trims stick with front-wheel drive only, unlike the regular Prius, which offers all-wheel drive. While AWD fans might be a little disappointed, the FWD setup keeps things lighter and helps squeeze every mile out of the electric range. Toyota's rock-solid reliability and safety reputation is no accident, especially regarding hybrids. The 2025 Prius Plug-In keeps that tradition alive with dependable performance you can count on, day in and day out. Safety-wise, it's no slouch either. The 2025 model scored a perfect five-star overall rating from the NHTSA, proving it's built to protect. Let's not forget the 2024 Prius Prime, which earned a Top Safety Pick nod from the IIHS. This plug-in comes standard with peace of mind. Even the entry-level SE trim of the 2025 Prius Plug-In Hybrid is anything but basic. It has an 8-inch touchscreen, a sleek 7-inch digital instrument cluster, wireless Apple CarPlay and Android Auto, and a solid six-speaker sound system. You'll also get six USB ports, a Level 1 charging cable for standard outlets, extendable sun visors with lighted mirrors, and a heated SofTex steering wheel—comfort and convenience all around. A backup camera and loads of safety tech round it out. Toyota didn't cut corners on protection either. Standard features include blind-spot monitoring, traffic jam assist, safe exit alerts, and the full Toyota Safety Sense 3.0 suite, so you're covered from just about every angle. Step up to the XSE Premium trim, and the Prius gets a serious upgrade in comfort and tech. You'll be greeted by a big 12.3-inch infotainment screen, a crisp eight-speaker JBL sound system, wireless charging, and heated and ventilated front seats with memory settings. It doesn't stop there—extras like illuminated alerts, optional heated rear seats, a digital rearview mirror, and digital key compatibility add even more convenience. You also get smart safety boosts like front and rear parking assist, an available panoramic view monitor, and the option for advanced self-parking. Inside, the Prius Plug-In Hybrid offers a roomy, comfortable cabin that easily seats five adults—great for everyday drives or weekend getaways. Up front, you'll enjoy 38 inches of headroom, 55.3 inches of shoulder room, and a generous 42.4 inches of legroom. Rear passengers aren't left out either, with 36.4 inches of headroom, 52.8 inches of shoulder room, and 35.9 inches of legroom—plenty of space to stretch out. It's a cabin that feels open without being oversized. As for cargo, there's 20.3 cubic feet of space behind the rear seats, perfect for groceries or gear. Need more room? Fold the seats down, and you have 26.3 cubic feet to work with—ideal for bigger hauls or weekend bags. The 2025 standard Prius kicks off at a lower price of $28,350 and packs up to 196 horsepower with a stellar 57 MPG. It's available in several trims, including the sleek Nightshade Edition and the well-equipped Limited, with AWD options across the board. While the regular Prius shines for fuel efficiency and a wallet-friendly entry point, the plug-in hybrid steps it up with a longer total range, more electric-only miles, and a bit more muscle under the hood. It's all about what best fits your driving style and needs. The 2025 Toyota Prius Plug-In Hybrid packs everything most drivers want into one affordable, easy-to-love package. With a 44-mile all-electric range and great fuel economy once the battery runs low, it's built to save you money and hassle. Its versatile liftback design means you get plenty of cargo space, making it perfect for errands or weekend adventures. Plus, with Toyota's legendary safety and reliability, the Prius PHEV offers peace of mind that's hard to beat. Whether you're upgrading your daily commute or just want one car that can handle it all, the Prius Plug-In Hybrid is a top pick for 2025. It's practical, efficient, and ready for whatever the road throws at you.

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