Buyers of the 2014 Toyota Prius Plug-In Hybrid will will have a little more cash left in their wallets from now on.
Toyota is cutting the price of the plug-in Prius by $2,010 for the base model and $4,620 for the upscale Advanced model.
The 2014 base prices are $29,990 for the Prius Plug-In Hybrid and $34,905 for the Advanced. An $810 destination charge brings those prices to $30,800 and $35,715.
Other than the lower price, the Prius Plug-In is essentially unchanged. The Japanese-market version of the 2014 Prius Plug-In got a facelift, but it's unclear whether any of the changes will make it Stateside.
The 2014 model retains its EPA rating of 50 mpg combined with its gasoline engine on.
The Prius Plug-In qualifies for a $2,500 Federal tax credit, and $1,500 from the California Clean Vehicle Rebate Program. It is also eligible for a California High-Occupancy Vehicle (HOV) lane sticker.
2012 Toyota Prius Plug-In Hybrid, production model
The Prius Plug-In is not the only plug-in electric car that has recently seen its price slashed.
The hybrid company's own Toyota RAV4 EV had its lease price cut from $599 a month to $299 a month.
The 2014 Chevrolet Volt had its price cut by $5,000 to $34,995, helping to close the gap between it and other plug-in cars.
The slow-selling Ford Focus Electric was treated to a $4,000 price cut over the summer, but no other updates for the 2014 model year. Its base price is now $35,200, down from $39,200.
And the lease price of the Honda Fit EV was cut from $389 a month to $259 a month, generating a waiting list for the small electric compliance car.
Will all these price cuts contribute to a greater volume of plug-in cars on the road than we would have seen otherwise?
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