2012 Toyota Prius Plug-in

Toyota announced prices for its 2012 Toyota Prius Plug-in and Prius v hybrids last week. The base Prius Plug-in hybrid will start at $32,000, while the Plug-in Advanced starts at $39,525. The Toyota Prius v Two wagon starts at $26,400, the Toyota Prius v Three has a price tag of $27,165 and the top-of-the-line Toyota Prius v Five starts at $29,990. All prices exclude a $760 delivery, processing and handling fee.

The 2012 Toyota Prius Plug-in will receive a $2,500 federal tax credit, The Detroit News reports. After the tax credit, the Prius Plug-in’s base price will be $29,500. The Prius Plug-in’s main competitor, the Chevrolet Volt, receives a $7,500 federal tax credit for the 2011 model, which brings its $40,280 starting price down to $32,780. That’s still $3,280 more than the Prius Plug-in costs.

Consumer Reports estimates that both new Toyota Prius models will hit dealerships in select states in spring 2012, though Toyota will begin taking orders for the hybrid in October. At first, only Toyota dealers in Arizona, California, Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Maryland, Oregon, Rhode Island, Vermont, Virginia and Washington will offer the Prius Plug-in. It will be available nationwide in 2013.

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