Hyundai Tucson PHEV is less expensive than Toyota RAV4 Prime in 2022.
The new Hyundai Tucson will "undercut" the Toyota RAV4 Prime PHEV in pricing in 2022.
The information comes from Hyundai's most recent order guide, which reveals that the Tucson PHEV starts at $3,600 cheaper than the RAV4 Prime.
However, the significant price difference may not be as significant as it appears on the surface.
The starting price for the 2022 Tucson PHEV, including destination, will be $35,975.
This pricing is for the SEL model's base model.
$43,775 is the starting price for the Limited trim.
The starting price of the 2021 RAV4 Prime is $3,590 higher, at $39,565.
If we dives deeper into the specifications of these two plug-in compact crossovers in terms of range and efficiency.
The Tucson gets 80 MPGe and has a range of 33 miles on electricity alone, according to the EPA.
The RAV4 Prime, on the other hand, is EPA-estimated to have a range of 42 miles and gets 94 MPGe.
According to the EPA, choosing the RAV4 Prime over the Tuscon PHEV will save you $200 in annual fuel costs.
That's a $2,000 savings for the Toyota over the course of five years.
Further research reveals that, due to its larger battery, the RAV4 Prime is eligible for the full $7,500 US federal EV tax credit, whereas the Tucson PHEV is only eligible for a $6,587 credit.
In conclusion, while the Tucson is over $4,000 less expensive, this isn't the true if you qualify for the EV tax credit.
Furthermore, the RAV4 Prime will help you save money on gas.
We'd need to know how long you plan to retain the crossover to determine which is the better financial option.
Other variables, such as resale value, are also involved, which we can't assess at this time.

Hyundai Tucson PHEV Receives EPA Range Rating For 2021's Longest Range Plug-In Hybrids

Would you choose the RAV4 Prime or the Tucson PHEV if you had to choose? And Why?
In the comments section below, start a discussion about this topic.