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Toyota confirmed today that the 2012 Prius Plug-In has been approved for the State of California’s Clean Vehicle Rebate Program (CVRP).
The CVRP is a consumer incentive made available in addition to the $2,500 Federal Tax credit for qualified vehicles. The 2012 Prius Plug-In has started to arrive at dealerships, and will also be eligible for the State of California’s HOV lane sticker.
The Prius Plug-In will be eligible for a $1,500 rebate that will be given to consumers on a first come, first serve basis. That rebate will be available to anyone who purchases or leases a Prius Plug-In for 36 months or longer.
The Prius Plug-In features a new Lithium-ion battery, boosting overall fuel economy and offers convenient charging times of only 2.5 to 3 hours using a standard 120-volt outlet, or 1.5 hours with a 240-volt outlet. The Plug-In also comes in an “Advanced” model which adds additional standard features of Premium HDD Navigation with Entune, Plug-In Hybrid Applications through a smartphone, Head-up Display, Dynamic Radar Cruise Control, and more.
The base MSRP for the Prius Plug-In Hybrid is $32,000 while the Advanced has an MSRP of $39,525. Both models are eligible for up to $4,000 in government-supported incentives – $2,500 federal tax credit and $1,500 CVRP.
A national rollout of Prius Plug-in is planned for 2013. At launch, the Prius Plug-in Hybrid will be available in the following 14 states:
- New Hampshire
- Rhode Island
- New York
- New Jersey