Kia Optima Plug-In Hybrid

Three quart view of the Kia Optima PHEV

AFTER INCENTIVES

$28,589

MSRP

$36,090

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ESTIMATED INCENTIVES

$7,501

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Loan Payment

$640 / month

Down Payment

$3,907

10% of MSRP plus tax

ESTIMATED INCENTIVES

$7,501

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Lease Payment

$398 / month

FIRST LEASE PAYMENT

$4,304

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Incentives For Lease

$7,501

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TYPE

Sedan

Minimum Seats

5

FUEL TYPE

PHEV

ELECTRIC RANGE

28 miles

Total Range

630 miles

TIME TO CHARGE - LEVEL 2

~ 3 hr

BATTERY SIZE

9 kWh

CO2 EMISSIONS REDUCTION

6,391 lbs/yr

Trees Planted

133

Gasoline Saved

450 gal/yr

For more details including charts & calculations, please view this page on a desktop.

Side view of the Kia Optima PHEV
Front view of the Kia Optima PHEV
Trunk view of the Kia Optima PHEV
Interior view of the Kia Optima PHEV

Compare the Kia Optima Plug-In Hybrid to a similar gas vehicle, the Kia Optima

20,000 miles

60%

5 Years

$3.16


Assumptions

Results have been updated as of 12/23/2020, 9:18:35 PM.

Cost to Fill Up Monthly

The Kia Optima Plug-In Hybrid is $69 cheaper to fill up monthly


VehiclesElectricityGasolineTotal
Kia Optima Plug-In Hybrid$50$51$101
Kia Optima$0$170$170

Cost of Ownership

The Kia Optima Plug-In Hybrid is $1,269 cheaper to own over 5 Years



DescriptionKia Optima Plug-In HybridKia Optima
Vehicle$22,834$19,332
Maintenance$4,287$5,546
Insurance$8,851$8,222
Electricity$2,970$0
Gasoline$3,083$10,194
Total$42,025$43,294


We selected the Kia Optima based on its proximity to the Kia Optima Plug-In Hybrid based on brand, size, and price.

Up to $7,501 in tax credits and rebates are potentially available
for the Kia Optima Plug-In Hybrid

Tax Credit

$4,585

Federal Tax Credit


Tax credit for the purchase of a new plug-in electric drive motor vehicle. Credit amount depends on the car's battery capacity.

Tax Credit

Up to $1,000

Federal Alternative Fuel Infrastructure Tax Credit


Customers who purchase qualified residential fueling equipment before December 31, 2020, may receive a tax credit of up to $1,000.

Rebate

$916

California Clean Fuel Reward


A point-of-sale reward available to all California residents who purchase or lease of an eligible new Battery Electric (BEV) or Plug-in Hybrid (PHEV) vehicle at participating retailers.

HOV Lane

California High Occupancy Vehicle (HOV) Lane Exemption


Electric vehicles may use HOV lanes regardless of the number of occupants in the vehicle.

Financing

California Clean Vehicle Assistance Program Beneficial State Foundation


Beneficial State Bank has committed to providing loans at an 8% interest rate or lower to participants of the Clean Vehicle Assistance Program.

Rebate

$1,000

California Clean Vehicle Rebate


The California Clean Vehicle Rebate Project (CVRP) offers rebates for the purchase or lease of qualified vehicles. Low income applicants are eligible for higher incentives.

Rebate

$1,000

SCE Clean Fuel Reward Program


SCE offers a $1,000 rebate to buyers of new or used electric vehicles. (may not be combined with the California Clean Fuel Reward point-of-sale rebate). Applications must be submitted by December 31, 2020.

Special EV Rate

SCE TOU-D-PRIME


Southern California Edison (SCE) offers a special rate to customers for electricity used to charge PEVs called TOU-D-PRIME. This Time-Of-Use (TOU) rate plan has the same periods as our TOU-D-4-9PM rate plan option but offers the lowest off-peak rates of all TOU rate plans to optimize savings while charging your vehicle.

Rebate

Up to $500

South Coast AQMD Resident EV Charging Incentive Pilot Program


Incentive of $250 for the cost of hardware for eligible Level 2 residential chargers. Chargers not listed on the online application may be considered for the program. An additional incentive of up to $250 will be available for low income residents. Eligible vehicles must be on the Clean Vehicle Rebate Project (CVRP) eligibility list. This rebate can only be stacked with other programs towards the cost of installation.

Charging Stations

Public stations
Installed by business or government
Other Types of Stations
Private stations