The full $6,587 tax credit brings the price down to $37,783. In my opinion, figuring the tax credit is straightforward: Your taxes are reduced by the lesser of $6,587 or the total taxes that you owe.

 

tax credit does nothing for some of us who either dont pay taxes, or pay very little. for us, a hybrid made a lot more sense. plus, only the hybrid(not tucson) had certain options the rest did not

 

Yes, you might charge it every day and commute within the 32 mile range, BUT electricity is NOT cheap these days, so there's that.

(And i know a lot of ppl THINK the tax break may help, but THAT is a whole conversation onto itself IF you will be able to reap that benefit or not... a lot of caveats there, and i am sure this will easily get a dealer markup of 5K, so in my opinion, the long awaited PHEV is not worth it)

I'm not sure what your whole conversation about the tax rebate is, pretty simple to add an IRS Form 8936 basically if you owe taxes then deduct the rebate from your taxes. Where I live there are an additional 2k+ from state and local rebates on the car and if you install a stage 2 charger at your home, these aren't tax dependent.

Again where I live I created a spreadsheet to figure out electricity cost, the local monthly rate is .093 per kwh for the first 500 and .143 beyond that. I used my last years electric use, knowing monthly use and days in billing period, and then adding the estimated extra daily increase (for me I expect around 10 kwh), but in your max example works out to $1.70 daily or $625 annually, however the gas @$4.00 a gallon would be around twice that.

With the quick charger in the Tucson it's less than 2 hours to recharge the battery, which of course means additional savings if you can get more EV miles.

Just driving the 30 miles a day you are looking 2 trips to the gas station a month. Drive there wait for an open pump and fill it up.

As opposed to plugging your car in your garage when you get home. How long do you think it takes me to plug in my new Santa Fe when I get home? Yes I will have to get gas once every 3 or 4 months I expect.

 

i simply was saying i was shocked at the price, as it is is more in line with a KIA MSRP and not the extended value to cost proposition i've come to expect from Hyundai is all.

And maybe the tax rebate IS as "cut & dried" as you say, but that has NOT been my experience when reading posts & researching it, PLUS your car note will NOT reflect that tax credit, so effectively you won't feel the benefit MONTHLY.

Additionally, here in Texas there is a huge debate and probable outcome of "paying additional PHEV road & use tax per mile", AND lest we forget the predictions of our power grid NOT being able to accommodate the increased demand to supply the number of electric vehicles being sold, so overall i am concerned it isn't as SIGNIFICANT a savings and may even include a fair amount of risk, once ALL variables are considered.

I know these days EVERY SINGLE thing sold has a fair amount of "sticker shock", but for some reason i was hopeful Hyundai's Tucson PHEV would be so jam packed with features and priced so reasonably, it'd be impossible to not choose it over the competition (as their vehicles always have been in the recent past.) i would not say that is the now the case. With the price they are asking, i think there are many other manufacturers out there to consider, where before, it was easily a "no brainer" to choose Hyundai over any other....

 

Aha! That's why the Texas power grid is such a joke. They are using it to discourage the sales and driveability of cars that don't use as much fossil fuel. Very clever, these politicians.

 

Texas power grid is a joke because Texans are very green... the type of green that represents money. 💲🤑💲

We are the number one state for wind power, investing more per year than any other state. We are number two in solar power, and only because California had such a large head start. When businesses caught wind that there were massive handouts to be had in wind and solar subsidies, they built almost nothing but.

With all the subsidies and not having to pay any taxes on land and what not, they were able to undercut reliable sources of power, and nobody was investing in those due to depressed KWH rates they can charge, one of the lowest in the nation for quite a while which was nice for consumers at first. The problem? Solar and wind aren't reliable power sources, they sometimes make a ton of power, sometimes not so much, changing with season, and even time of day.

Have a really hot day with calm air and everyone gets home from work at 6PM when the sun is setting and cranks down their smart thermostats to cool the house down from 80oF to 72oF for a nice nights rest while turning on the oven or electric stove tops to make dinner and what not? Voila, rolling brownouts.

 

And now for a potential dose of reality. The proposed infrastructure bill currently going through the congressional sausage grinder increases the tax credits for BEV's, but reduces the tax credits for PHEV's.

 

From what I'd read, the Tucson PHEV was never going to be as compelling an argument in its segment as the Tucson HEV, unless it severely undercut the competition in price. It just doesn't have enough EV range, or power, to really make it stand out. Compared against its competition along with the Tucson HEV, its strengths seem weaker (as it gets the same 0-60 as the Tucson HEV from what I've read), and its weaknesses more pronounced (as it has less EV range than the Rav4 Prime and less fuel efficiency and less overall power).

 

It might be for someone who drives less than 30 miles per day but how many years will it take to break even considering the higher price? Plus the hassle of plugging it in every day? And if what people say is true the 281hp 0-60mph is not much better than the HEV. Also, no tax credit for me.

 

Really all new cars are marked to sticker shock. The more poplar ones are worse.
Not a good time to purchase a new car unless you have a good trade. Those are going for top dollar now also.
Wonder how long this ridiculous car market will last. Not knowing the car market was going to be like this. I made new car purchases in March 2020 & June 2021 at pretty reasonable prices with rebates.

 

Not a good time to purchase a used car neither, their prices sometimes are higher than new. As a matter of fact this is not a good time for buying anything 😉

 

Portland General Electric here in Oregon has a "Time Of Use" plan for residential customers. During off peak hours, 10P - 6A daily, Sundays and most holidays, the cost is 4.128 ¢ per kWh.

I used to charge my Bolt EV every night for practically nothing.

I'd love to have the PHEV model but not at that price.