2022 Hyundai Tucson PHEV Pricing Undercuts RAV4 Prime

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According to our analysis, a new plug-in hybrid version of the Hyundai Tucson will undercut the Toyota RAV4 Prime. Based on Hyundai’s latest ordering guide, the Tucson PHEV price will be nearly $ 3,600 cheaper than the competing plug-in crossover SUV. However, a closer look reveals that the Tucson’s edge may not be as great as it seems.

Initially, pricing for Tucson PHEV 2022 will start at $ 35,975, including a target fee of $ 1,225. That gets you the SEL trim, though the better-equipped Limited costs $ 43,775. In the entry-level range, the Tucson PHEV is $ 3,590 cheaper than the 2021 RAV4 Prime, which has a base MSRP of $ 39,565.

In terms of specs, the Tucson plug-in has an EPA rating of 80 MPGe and a range of 33 miles on electric power. The RAV4 Prime is rated 94 MPGe and can travel 42 miles. Combined with its gasoline engine, the Prime can travel up to 600 miles, significantly more than the 420-mile combo for the Tucson.

So is the Tucson really the better deal? Depends on. If you’re planning on claiming the state electric vehicle tax credit, the RAV4 Prime offers up to $ 7,500 in savings. In contrast, Hyundai claims the Tucson plug-in is only $ 6,587. That’s $ 913 less than the Toyota, narrowing the potential cost gap to just $ 2,677.

Still, those eligible for the full tax credit can get a Tucson plug-in for just $ 29,388. That’s actually cheaper than a mid-range SEL Tucson Hybrid (MSRP $ 32,875). If you want to get the most out of your money, this seems like another example of a plug-in having better value than its hybrid counterpart.

Earlier this month we learned that the Kia Sorento Plug-In Hybrid is only slightly more expensive than a similarly equipped Sorento Hybrid. However, those looking for the best deal should be aware that the tax credit is not a discount and that your ability to take advantage of it may not be guaranteed, especially with leasing.

Top EV, PHEV and hybrid leasing offers

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