Earlier quoted context omitted.
> but plugins get closer to the less efficient alternative (regular hybrid) the more you use them. As long as most of your drive cycle fits within the EV range of the plugin hybrid, they are cheaper to operate than a regular hybrid. The crossover point depends on the drive cycle and the cost of electricity vs gasoline. I had a plug-in hybrid SUV that got 2.2miles/kWh in EV mode, which covered 75% of the miles I drove…
But the problem is that means you drove a minuscule amount so if you’d bought a hybrid you would have still used very little gas and your car would have been much cheaper. Generously, the full range of a plugin hybrid is equivalent to about a gallon of gas.
A 2023 Mitsubishi Outlander PHEV (38 miles EV range) costs less than a 2023 Toyota Highlander Hybrid with the same mileage on the odometer, and far less than Land Rover or other luxury SUV brands.
I bought my Outlander used - also was a great deal.
The real way dumb money loses is by buying new cars, not by choosing an electric drivetrain.