Latest news with #PriusPrime
Yahoo
4 days ago
- Automotive
- Yahoo
Toyota to Dramatically Increase Plug-In Hybrids by 2030: Will Shoppers Go for It?
PCMag editors select and review products independently. If you buy through affiliate links, we may earn commissions, which help support our testing. Toyota is leaning into plug-in hybrids (PHEVs) and aims to grow US sales of this category from last year's 2.4% to 20% by 2030. PHEVs sit between a traditional hybrid and a full EV. They can drive a certain number of miles on pure electricity, typically between 20 and 50, and also have a gas tank for longer trips. The small but mighty battery recharges with an external cord. "We are going to grow our PHEV volume through the lineup over the next few years,' David Christ, head of the Toyota brand in North America, tells CNBC. "We love the PHEV powertrain." PHEVs are the least popular form of EV, with sales far below hybrids and full EVs. One main reason is their price. Building a car with two powertrains, a battery, and a gas engine isn't cheap. It could also mean more complex maintenance. For example, the gas-powered 2025 Kia Sportage starts at $28,690, and the hybrid version is just $100 more at $28,790. However, the plug-in hybrid is over $10,000 more than that at $39,890. Toyota offers a PHEV version of the Prius ($28,350), called the Prius Prime ($33,375). It earned a PCMag Editors' Choice award for its top-tier, 44-mile battery range and relatively affordable starting price of $33,375. The Jeep Wrangler 4xe ($50,695) is another popular PHEV. But the car industry has not scratched the surface of these vehicles' potential. If they could go, say, 150 miles on pure electricity before switching to gas, they might be a serious competitor to full EVs. Christ tells CNBC the company is "working increase the amount of miles you can drive on EV-only range." It remains to be seen how lofty its ambitions are here. Toyota has been slower to adopt EVs than other automakers, instead embracing its signature hybrid-forward strategy. It expects hybrids, including PHEVs, to be more than 50% of US sales in 2025. That's up from 46% in 2024 and 30% in 2023, a steady and significant increase. However, the brand is making moves toward strengthening its EV-only lineup. Its first model, the bZ4X, is getting a range boost for 2026 (and a name change to just bZ). Toyota also debuted a brand-new model, the 2026 C-HR compact SUV. "We've got ICE [internal combustion engine]. We've got hybrid. We got plug-in hybrid. We got EV," Christ says. "So, our chances of being successful in scoring runs is just a lot better than if you're really overly committed to any one of those power trains." EV sales grew 11.4% in Q1 2025 in the US, according to Cox Automotive. Toyota's EV sales increased nearly 200% compared to Q1 2024, and that was before it made much-needed improvements to the bZ4X and introduced the C-HR. Next year could be big for its EV business. However, the auto industry overall is struggling to navigate the sharp policy differences between former President Biden and President Trump. The Department of Transportation is no longer releasing planned funds for a nationwide charging network. One in five CEOs at automotive companies has stepped down in the past year, the Financial Times reports, as the companies struggle to navigate tariffs. Toyota might be in "throw everything at the wall and see what sticks" mode, and perhaps targeting a wealthier customer with the shift to PHEVs.
Yahoo
4 days ago
- Automotive
- Yahoo
Toyota to Dramatically Increase Plug-In Hybrids by 2030: Will Shoppers Go for It?
PCMag editors select and review products independently. If you buy through affiliate links, we may earn commissions, which help support our testing. Toyota is leaning into plug-in hybrids (PHEVs) and aims to grow US sales of this category from last year's 2.4% to 20% by 2030. PHEVs sit between a traditional hybrid and a full EV. They can drive a certain number of miles on pure electricity, typically between 20 and 50, and also have a gas tank for longer trips. The small but mighty battery recharges with an external cord. "We are going to grow our PHEV volume through the lineup over the next few years,' David Christ, head of the Toyota brand in North America, tells CNBC. "We love the PHEV powertrain." PHEVs are the least popular form of EV, with sales far below hybrids and full EVs. One main reason is their price. Building a car with two powertrains, a battery, and a gas engine isn't cheap. It could also mean more complex maintenance. For example, the gas-powered 2025 Kia Sportage starts at $28,690, and the hybrid version is just $100 more at $28,790. However, the plug-in hybrid is over $10,000 more than that at $39,890. Toyota offers a PHEV version of the Prius ($28,350), called the Prius Prime ($33,375). It earned a PCMag Editors' Choice award for its top-tier, 44-mile battery range and relatively affordable starting price of $33,375. The Jeep Wrangler 4xe ($50,695) is another popular PHEV. But the car industry has not scratched the surface of these vehicles' potential. If they could go, say, 150 miles on pure electricity before switching to gas, they might be a serious competitor to full EVs. Christ tells CNBC the company is "working increase the amount of miles you can drive on EV-only range." It remains to be seen how lofty its ambitions are here. Toyota has been slower to adopt EVs than other automakers, instead embracing its signature hybrid-forward strategy. It expects hybrids, including PHEVs, to be more than 50% of US sales in 2025. That's up from 46% in 2024 and 30% in 2023, a steady and significant increase. However, the brand is making moves toward strengthening its EV-only lineup. Its first model, the bZ4X, is getting a range boost for 2026 (and a name change to just bZ). Toyota also debuted a brand-new model, the 2026 C-HR compact SUV. "We've got ICE [internal combustion engine]. We've got hybrid. We got plug-in hybrid. We got EV," Christ says. "So, our chances of being successful in scoring runs is just a lot better than if you're really overly committed to any one of those power trains." EV sales grew 11.4% in Q1 2025 in the US, according to Cox Automotive. Toyota's EV sales increased nearly 200% compared to Q1 2024, and that was before it made much-needed improvements to the bZ4X and introduced the C-HR. Next year could be big for its EV business. However, the auto industry overall is struggling to navigate the sharp policy differences between former President Biden and President Trump. The Department of Transportation is no longer releasing planned funds for a nationwide charging network. One in five CEOs at automotive companies has stepped down in the past year, the Financial Times reports, as the companies struggle to navigate tariffs. Toyota might be in "throw everything at the wall and see what sticks" mode, and perhaps targeting a wealthier customer with the shift to PHEVs.
Yahoo
22-04-2025
- Automotive
- Yahoo
These 10 Hybrids Hold Their Value Better Than All Other Models
Electric vehicles may dominate headlines, but when it comes to dollars and depreciation, hybrids are proving to be the smarter long-term investment. A new report from car search site iSeeCars analyzed over 800,000 used cars to determine which models retain the most value after five years. The results are clear: hybrids, especially from Toyota and Honda, are holding up far better than their fully electric peers. On average, hybrids lose just 40.7% of their original value after five years, compared to a staggering 58.8% for electric vehicles. The industry average across all vehicles is 45.6%. Here are the top 10 hybrid models that hold their value best. The Toyota RAV4 Hybrid takes the crown with the lowest five-year depreciation of any hybrid on the market. With just a 31.2% drop from its original price, owners can expect to retain nearly 70% of their investment. That translates to an average loss of only $10,062 — remarkably low for a compact SUV. It's not hard to see why. The RAV4 Hybrid combines Toyota's legendary reliability with strong fuel economy and SUV practicality. As more buyers seek efficient all-weather vehicles, the RAV4 Hybrid has carved out a sweet spot. The Prius might not be as flashy as some rivals, but its long-term value retention is hard to beat. With only 34.9% depreciation after five years, it edges out many gas-powered sedans and electric cars by a wide margin. The Prius has earned a reputation for bulletproof dependability and ultra-low fuel costs. For buyers looking to save money over the long haul, the numbers speak for themselves: just $9,908 lost over five years. Affordable, efficient, and practical, the Corolla Hybrid is a newer entry in Toyota's lineup, but it's already making a name for itself in terms of value retention. At 35.6% depreciation, it loses only $8,471 after five years. Its popularity stems from offering a hybrid powertrain in a familiar, no-nonsense package. And with one of the lowest dollar losses on this list, the Corolla Hybrid is a smart buy for budget-conscious drivers. Plug-in hybrids like the Prius Prime often depreciate faster due to tech cycles, but this model defies the trend. With just 36% depreciation and an average $11,865 in value lost, it outperforms many conventional hybrids. The Prime's ability to run on electric power for short trips adds appeal for urban drivers, while its gas engine extends range on longer drives. It's a compelling bridge between traditional hybrids and full EVs, with better long-term value than most electrics. Need three rows and long-term value? The Highlander Hybrid delivers both. With 39.8% depreciation over five years, it's tied for fifth place and stands out as one of the few midsize SUVs to make this list. Despite costing more than some other hybrids, it still retains value better than average, losing $18,432 from its MSRP. Families looking for space and fuel savings should take note. Sedans might be on the decline in popularity, but the Camry Hybrid is still going strong. Like the Highlander, it holds onto 60% of its value after five years, with a modest $11,486 in average depreciation. The Camry Hybrid appeals to commuters and families alike, thanks to its roomy cabin, smooth ride, and excellent fuel economy. Its low cost of ownership only sweetens the deal. Luxury cars typically depreciate faster, but the UX 250h bucks the trend. Lexus' smallest crossover loses just 39.8% of its value after five years, on par with Toyota's top-performing hybrids. That's impressive for a luxury-branded vehicle, especially one with premium features and a higher starting price. With an average dollar loss of $14,156, it's a solid bet for buyers who want upscale comfort without rapid depreciation. The Accord Hybrid blends Honda's well-known driving dynamics with hybrid efficiency, and it holds up well in the used market. At 41.1% depreciation and a $13,834 loss over five years, it performs better than the industry average. Buyers appreciate the Accord's spacious interior, smooth ride, and subtle styling. The CR-V Hybrid trails just behind its cousin, the Accord, in value retention. It loses 41.3% over five years, or $14,301, still well above average for a compact SUV. It offers the same practicality and reliability that made the regular CR-V a household name, now with improved fuel economy. For shoppers who want a no-fuss hybrid SUV that holds its value, this one's hard to beat. Rounding out the top 10 is the Kia Niro, a hybrid crossover that comes in regular, plug-in, and fully electric versions. The standard hybrid version holds its value better than many, losing 46.8% over five years, or roughly $12,630. While not as dominant as Toyota's hybrids, the Niro offers solid efficiency and value for urban dwellers and first-time buyers. It's a bit underrated, but clearly worth a second look for shoppers chasing long-term savings. The new and used car market is prepared for a turbulent year as the full impact of tariffs takes effect, but one thing remains the same: depreciation remains the hidden cost of car ownership. Thankfully, unlike electric vehicles, many of which are losing more than half their value in five years, hybrids are standing strong. Whether you're buying for fuel efficiency, reliability, or long-term value, the models above prove that hybrids remain one of the smartest choices on the road.
Yahoo
18-03-2025
- Automotive
- Yahoo
The Most Fuel-Efficient New Cars You Can Buy
Gas prices may fluctuate, but one thing remains true: driving a fuel-efficient car can save you money in the long run. While fully electric vehicles are an option, hybrids and plug-in hybrids offer a balance of efficiency and convenience, letting you drive farther with fewer stops at the gas station. Consumer Reports recently tested a range of new cars to determine which ones offer the best real-world fuel economy. If you're in the market for a new ride, these models should be at the top of your list. The Honda Accord Hybrid delivers an impressive balance of fuel efficiency and comfort. With 34 mpg in the city and 45 mpg on the highway, it achieves a combined 40 mpg. The Accord Hybrid also received an overall score of 80 from Consumer Reports, making it one of the best options for buyers who want a fuel-efficient midsize sedan without sacrificing practicality. It also offers a spacious interior, making it a great choice for families or commuters who want a comfortable ride without frequent stops at the pump. Luxury meets efficiency in the Lexus ES Hybrid. This upscale sedan achieves 32 mpg in the city and an impressive 52 mpg on the highway, leading to a combined 42 mpg rating. With an overall score of 86, the ES Hybrid stands out as a fuel-sipping alternative to gas-guzzling luxury sedans. It also provides a quiet and refined driving experience, making it a great option for those who want efficiency without compromising on comfort. The Toyota Crown, a unique crossover-style sedan, offers 33 mpg in the city and 49 mpg on the highway, with a combined fuel economy of 42 mpg. With an overall score of 81, it provides a mix of efficiency, elevated ride height, and premium interior appointments. The Crown's hybrid powertrain balances performance and fuel economy, making it a compelling option for those looking for something a little different in the sedan market. The Prius Prime, a plug-in hybrid version of the Prius, is built for drivers looking to maximize efficiency. It achieves 36 mpg in the city and 48 mpg on the highway, for a combined 43 mpg. Its ability to drive short distances on electric power alone makes it a great choice for those with shorter commutes, and Consumer Reports gave it an overall score of 75. With an updated design and improved features, the Prius Prime continues to be a favorite among eco-conscious drivers who want versatility. Hyundai's take on the hybrid sedan, the Sonata Hybrid, delivers 36 mpg in the city and 51 mpg on the highway for a combined 44 mpg. It earned an overall score of 78, offering drivers a fuel-efficient alternative with a sleek design and modern features. The Sonata Hybrid also includes a solar roof option, which can provide additional electric range and further improve fuel efficiency over time. For those looking for a plug-in hybrid with crossover appeal, the Kia Niro PHEV is a solid option. It achieves 38 mpg in the city and 54 mpg on the highway, with a combined rating of 47 mpg. With an overall score of 79, it provides versatility and efficiency in a compact package. Its small size makes it easy to maneuver in urban environments, while its hatchback design allows for plenty of cargo space. A household name in reliability, the Toyota Camry Hybrid continues to impress with its fuel economy. It delivers 40 mpg in the city and 54 mpg on the highway, giving it a combined rating of 48 mpg. With an overall score of 82, it remains a go-to choice for those who want an efficient yet familiar sedan. The Camry Hybrid's strong resale value and reputation for dependability make it a wise investment for buyers who prioritize long-term savings. The Toyota Corolla Hybrid offers one of the highest fuel economy ratings on this list, with 37 mpg in the city and 59 mpg on the highway. It achieves a combined rating of 48 mpg and received an overall score of 75. The Corolla Hybrid is an affordable, no-nonsense option for budget-conscious buyers. Its compact size makes it an excellent choice for city dwellers who need a practical, fuel-efficient vehicle. Another strong contender in the hybrid sedan segment, the Hyundai Elantra Hybrid boasts 40 mpg in the city and 55 mpg on the highway, for a combined 48 mpg. It shares an overall score of 82 with the Toyota Camry Hybrid, making it a great alternative for those who prefer Hyundai's styling and technology. The Elantra Hybrid also offers a smooth ride and an intuitive infotainment system, making it a well-rounded option for hybrid shoppers. Unsurprisingly, the Toyota Prius remains one of the most fuel-efficient cars available. It delivers 40 mpg in the city and 59 mpg on the highway, with an outstanding combined rating of 51 mpg. Consumer Reports gave it an overall score of 77, cementing its status as a leader in hybrid efficiency. The latest model features a more stylish design, proving that efficiency doesn't have to come at the expense of aesthetics. Fuel economy has never been better, and today's hybrid and plug-in hybrid models offer a compelling alternative to traditional gas-powered vehicles. Whether you're looking for a luxurious ride, a budget-friendly commuter, or a versatile crossover, there's a high-efficiency model to fit your needs. When considering a hybrid or plug-in hybrid, it's also important to factor in additional savings, including things like tax incentives and reduced maintenance costs. If you're aiming to reduce fuel costs and lower your carbon footprint without going fully electric, any of these vehicles would be a smart choice. As automakers continue to improve hybrid technology, we can expect even greater efficiency and performance in future models.
