Edmunds: The pros and cons of buying a hybrid vehicle or plug-in hybrid

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Edmunds: The pros and cons of buying a hybrid vehicle or plug-in hybrid

2024-08-14 23:51 Last Updated At：08-15 00:00

If you’re ready to move on from a purely gasoline-fueled vehicle but you’re not ready to go fully electric, you have two choices. You can get a hybrid or a plug-in hybrid vehicle. But which one is best? The experts at Edmunds will help you decide.

A hybrid electric vehicle has a gasoline engine, a small electric motor, and a small battery pack that work together to improve fuel economy, enhance performance, or both. The best-known hybrid is the Toyota Prius, but they come in all shapes and sizes. From compact cars to full-size pickup trucks, there is a hybrid for just about anyone.

Improves fuel economy while reducing emissions

Sometimes improves acceleration and overall performance

Often provides electric-only driving at low speeds for short distances

Usually doesn’t reduce passenger or cargo space

Never needs to be plugged in

Small increase in price, if any

Reduced fueling costs

Cannot travel long distances solely on electricity

Cannot travel at higher speeds only on electricity

Overall, a hybrid electric vehicle is a great choice for anyone who wants better fuel economy, reduced emissions, and lower operating costs without any extra hassle or change in their daily routine. Hybrids are more commonly available than ever, and some automakers are rolling out new models only with hybrid powertrains. For example, every version of the 2025 Toyota Camry is a hybrid, and Honda offers certain versions of the Accord, Civic and CR-V only with hybrid power. Hybrid versions of many other popular models, such as the Kia Sportage and Hyundai Tucson SUVs, are also available.

A plug-in hybrid vehicle, often abbreviated as PHEV, is a hybrid that offers electric-only driving for a short range and can then be plugged in to recharge. They have a gasoline engine like a hybrid does, but thanks to a larger and more powerful electric motor and battery pack, they can travel at a wider range of speeds in electric mode, for many miles at a time. When the battery charge gets low, the gas engine turns on to continue the trip. You can recharge a plug-in hybrid using a household electrical outlet or a home or public charging station.

Electric-only driving for commuting, taking the kids to school, running errands, etc.

Gas-only driving for longer trips

Can charge the battery overnight using a household-style outlet or in a few hours using a more powerful charging station

The gas engine automatically takes over to power the vehicle when the battery charge is low

Can dramatically improve fuel economy, acceleration, and overall performance while reducing operating costs

Certain models may qualify for a federal tax credit of up to $7,500

May qualify for carpool lane access in certain states with only a driver aboard

A plug-in typically costs substantially more than a hybrid or gas-only vehicle

Plugging in each night can seem like a hassle

The larger electric motor and battery may reduce passenger or cargo space

The added weight of plug-in hybrid components can negatively affect the ride and handling

If you don’t make a habit of plugging in, it may be less efficient than a hybrid

Plug-in hybrids are perfect for people who want an electric vehicle but worry about driving range, public EV charging infrastructure, and the costs of installing a home charging station. They’re easy to recharge overnight, usually offer enough electric range for typical daily driving, and have a gas engine that eliminates the range anxiety common with driving an EV.

For example, you can drive a plug-in hybrid from Manhattan to Santa Monica and never plug it in. Or when you’re not taking a longer trip, you can plug a plug-in hybrid in every night and hardly burn any gas in everyday driving, especially if you choose a model with a generous electric-only range.

In short, a plug-in hybrid represents the best of both worlds, a perfect bridge from the gasoline past to the electric future. Examples of plug-in hybrids highly rated by Edmunds include the Chrysler Pacifica Hybrid, Hyundai Tucson Plug-in Hybrid, Toyota Prius Prime and Volvo XC60 Recharge.

Choosing between a hybrid vehicle and a plug-in hybrid vehicle comes down to three things. First, do you want the ability to drive only on electricity? Second, are you willing to pay more for a vehicle in order to get that? Third, are you willing to put up with some extra hassle to maximize electric-only driving?

If your answers to those questions are “no” and your only goal is to save money at the fuel pump, we recommend a hybrid. But if you want to eliminate as much gasoline use as possible without diving into the deep end of the electric vehicle ownership pool, a plug-in hybrid is perfect.

This story was provided to The Associated Press by the automotive website Edmunds.

Christian Wardlaw is a contributor at Edmunds.

The Latest: Markets sink as Trump's tariffs roil global trading system

2025-04-07 16:29 Last Updated At：16:30

Global markets plunged Monday following last week's two-day meltdown on Wall Street, and President Donald Trump said he won't back down on his sweeping new tariffs, which have roiled global trade.

Countries are scrambling to figure out how to respond to the tariffs, with China and others retaliating quickly.

Trump’s tariff blitz fulfilled a key campaign promise as he acted without Congress to redraw the rules of the international trading system. It was a move decades in the making for Trump, who has long denounced foreign trade deals as unfair to the U.S.

The higher rates are set to be collected beginning Wednesday, ushering in a new era of economic uncertainty with no clear end in sight.

Here's the latest:

China on Monday accused the United States of unilateralism, protectionism and economic bullying with tariffs.

“Putting ‘America First’ over international rules is a typical act of unilateralism, protectionism and economic bullying,” Foreign Affairs spokesperson Lin Jian told reporters.

Last week, Trump put an additional 34% tariff on Chinese goods, on top of two rounds of 10% tariffs already declared in February and March, which Trump said was due to Beijing’s role in the fentanyl crisis. China and other governments retaliated quickly. China announced its own 34% tariff rate on U.S. goods.

Lin said the new tariffs harmed the stability of global production and supply chains and seriously impacted the world’s economic recovery.

“Pressure and threats are not the way to deal with China. China will firmly safeguard its legitimate rights and interests,” Lin added.

European shares dropped in early trading, with Germany’s DAX falling 6.5% to 19,311.29. In Paris, the CAC 40 shed 5.7% to 6,861.27, while Britain’s FTSE 100 lost 4.5% to 7,694.00.

South Korea’s top trade negotiator will visit Washington this week to express Seoul’s concerns over the Trump administration’s increased tariffs and discuss ways to mitigate their negative impact on South Korean businesses.

South Korea’s Ministry of Trade, Industry and Energy said Monday that its minister of trade, Inkyo Cheong, plans to meet with various U.S. officials, including U.S. Trade Representative Jamieson Greer.

The ministry says Cheong aims to gather detailed information on the Trump administration’s trade policies and engage in discussions to reduce the 25% tariffs placed on South Korean products.

Chinese government officials met business representatives from Tesla, GE Healthcare and other U.S. companies on Sunday. It called on them to issue “reasonable” statements and take “concrete actions” on addressing the issue of tariffs.

“The United States in recent days has used all sorts of excuses to announce indiscriminate tariffs on all trading partners, including China, severely harming the rules-based multilateral trade system,” said Ling Ji, a vice minister of commerce, at the meeting with 20 U.S. companies.

“China’s countermeasures are not only a way to protect the rights and interests of companies, including American ones, but are also to urge the U.S. to return to the right path of the multilateral trading system," Ling added.

Ling also promised that China would remain open to foreign investment, according to a readout of the meeting from the Ministry of Commerce.

Malaysia’s Trade Minister Zafrul Abdul Aziz said his country wants to forge a united response from Southeast Asia to the sweeping U.S. tariffs.

Malaysia, which is the chair of the Association of Southeast Asian Nations this year, will lead the regional bloc’s special Economic Ministers’ Meeting on April 10 in Kuala Lumpur to discuss the broader implication of the tariff measures on regional trade and investment, Zafrul told a news conference on Monday.

“We are looking at the investment flow, macroeconomic stability and ASEAN's coordinated response to this tariff issue,” Zafrul said.

ASEAN leaders will also meet to discuss member states’ strategies and to mitigate potential disruptions to regional supply chain networks.

Pakistan plans to send a government delegation to Washington this month to discuss how to avoid the 29% tariffs imposed by the U.S. on imports from Pakistan, officials said Monday.

The development came two days after Pakistan’s prime minister asked its finance minister to send him recommendations for resolving the issue. The U.S. imports around $5 billion worth of textiles and other products from Pakistan, which heavily relies on loans from the International Monetary Fund and others.

The Pakistan Stock Exchange fell rapidly on Monday. The exchange suspended trading for an hour after a 5% drop in its main KSE-30 index.

Middle East stock markets tumbled as they struggled with the dual hit of the new U.S. tariffs and a sharp decline in oil prices, squeezing energy-producing nations that rely on those sales to power their economies and government spending.

Benchmark Brent crude is down by nearly 15% over the last five days of trading, with a barrel of oil costing just over $63. That’s down nearly 30% from a year ago, when a barrel cost over $90.

That cost per barrel is far lower than the estimated break-even price for producers. That’s coupled with the new tariffs, which saw the Gulf Cooperation Council states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates hit with 10% tariffs. Other Mideast nations face higher tariffs, like Iraq at 39% and Syria at 41%.

The Dubai Financial Market exchange fell 5% as it opened for the week. The Abu Dhabi Securities Exchange fell 4%.

Markets that opened Sunday saw losses as well. Saudi Arabia’s Tadawul stock exchange fell over 6% in trading. The giant of the exchange, Saudi Arabia’s state-owned oil company Aramco, fell over 5% on its own, wiping away billions in market capitalization for the world’s sixth-most-valuable company.

Beijing struck a note of confidence on Monday even as markets in Hong Kong and Shanghai tumbled.

“The sky won’t fall. Faced with the indiscriminate punches of U.S. taxes, we know what we are doing and we have tools at our disposal," wrote The People's Daily, the Communist Party's official mouthpiece.

China announced a slew of countermeasures on Friday evening aimed at Trump’s tariffs, including its own 34% tariffs on all goods from the U.S. set to go in effect on Wednesday.

The Australian dollar fell below 60 U.S. cents on Monday for the first time since the early months of the COVID-19 pandemic.

The drop reflected concerns over the Chinese economy and market expectations for four interest rate cuts in Australia this calendar year, Australian Treasurer Jim Chalmers said.

“What our modeling shows is that we expect there to be big hits to American growth and Chinese growth and a spike in American inflation as well,” Chalmers said.

“We expect more manageable impacts on the Australian economy, but we still do expect Australian GDP to take a hit and we expect there to be an impact on prices here as well,” he added.

The Trump administration assigned Australia the minimum baseline 10% tariff on imports in the the United States. The U.S. has enjoyed a trade surplus with Australia for decades.

Indian stocks fell sharply on Monday, seeing their biggest single-day drop in percentage terms since March 2020 amid the pandemic.

The benchmark BSE Sensex and the Nifty 50 index both dropped about 5% after trading opened but then recovered slightly. Both were later trading down about 4%.

President Donald Trump said Sunday that he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S., digging in on his plans to implement the taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system.

Speaking to reporters aboard Air Force One, Trump said he didn’t want global markets to fall, but also that he wasn’t concerned about the massive sell-off either, adding, “sometimes you have to take medicine to fix something.”

His comments came as global financial markets appeared on track to continue sharp declines once trading resumes Monday, and after Trump’s aides sought to soothe market concerns by saying more than 50 nations had reached out about launching negotiations to lift the tariffs.

“I spoke to a lot of leaders, European, Asian, from all over the world,” Trump said. “They’re dying to make a deal. And I said, we’re not going to have deficits with your country. We’re not going to do that, because to me a deficit is a loss. We’re going to have surpluses or at worst, going to be breaking even.”

Asian markets plunged on Monday following last week’s two-day meltdown on Wall Street, and U.S. President Donald Trump said he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S.

Tokyo’s Nikkei 225 index lost nearly 8% shortly after the market opened on Monday. By midday, it was down 6%. Hong Kong’s Hang Seng dropped 9.4%, while the Shanghai Composite index was down 6.2%, and South Korea’s Kospi lost 4.1%.

U.S. futures also signaled further weakness.

Market observers expect investors will face more wild swings in the days and weeks to come, with a short-term resolution to the trade war appearing unlikely.