15 Best Hybrid and Electric Cars for the Money in 2020

2020 Toyota Corolla Hybrid
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Here's the Ranking From the U.S. News Best Hybrid and Electric Car for the Money Award

We know it’s not easy to decide on a new car. If you’re considering making the switch to a hybrid or electric vehicle, it can be even tougher. Likewise, if you’re upgrading from your current hybrid or electric model – or used to own one – the segment’s massive growth may throw you for a loop.

Regardless of which type of vehicle you’re planning to buy, one of the most significant considerations is the car’s overall combination of quality and value. While hybrid and electric vehicle shoppers are typically aware of vehicle efficiency and fuel costs, there are other variables that should factor into your final choice. No matter what car you end up choosing, you have to ask yourself: Does the vehicle align with your priorities, and does it offer the qualities that make you look forward to owning and driving it regularly?

The methodology for our Best Cars for the Money awards was designed to help you make an educated buying decision. We rank vehicles in each class using a composite score based on a combination of each vehicle’s value and quality. Our value component comes from TrueCar average transaction prices and Vincentric five-year total cost of ownership data. To determine quality, we use U.S. News overall scores from our rankings, which are compiled from expert reviews from the automotive press, safety scores, and predicted reliability data. We regularly update our scores as new expert reviews and data become available. So, the scores in this slideshow may not match the scores in our rankings and individual vehicle reviews.

Keep in mind that while conventional hybrid vehicles don’t qualify for any federal tax credits, you may be eligible for a federal tax credit of up to $7,500 if you purchase a new plug-in hybrid electric vehicle (PHEV) or battery-electric vehicle (BEV). Some state and local governments offer incentives and tax rebates in addition to the federal credit. These incentives can help bring down the cost of transitioning to an electric car. However, be sure to check with a tax professional to determine your incentive eligibility before moving forward with your purchase. 

Now, let’s take a look at how these hybrid and electric cars stack up when it comes to the best overall combination of quality and value.

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