Kia Optima Plug-In Hybrid

AFTER INCENTIVES

$29,589

MSRP

$36,090

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ESTIMATED INCENTIVES

$6,501

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Loan Payment

$644 / month

Down Payment

$3,934

10% of MSRP plus tax

ESTIMATED INCENTIVES

$6,501

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Lease Payment

$400 / month

FIRST LEASE PAYMENT

$4,334

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Incentives For Lease

$6,501

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C02 Emissions Reductions

8,489 lbs/yr

Trees Planted

177

FUEL TYPE

PHEV

ELECTRIC RANGE

28 miles

Type

Sedan

Seats

Total Range

630 miles

TIME TO CHARGE - LEVEL 2

~ 3 hr

BATTERY SIZE

9 kWh

Gasoline Saved

450 gal/yr

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

Display Side view of the Kia Optima PHEV

Display Front view of the Kia Optima PHEV

Display Trunk view of the Kia Optima PHEV

Display Interior view of the Kia Optima PHEV

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

Purchase Method

Miles Driven Per Year

20,000 miles

Portion Electric for PHEV

60%

Years of Ownership/Lease

5 Years

Gasoline Price ($/gal)

$2.95

Assumptions

Sales Tax9.00%

Electricity Rate$0.16236/kWh

Electricity rate is calculated as the average for six months of summer off-peak and six months of winter off-peak To learn more, please click here.

Results have been updated as of 1/11/2021, 10:03:22 PM.

Cost of Ownership

The Kia Optima Plug-In Hybrid is $3,332 more expensive to own over 5 years

Description	Kia Optima Plug-In Hybrid	Kia Optima
Vehicle	$24,105	$16,961
Maintenance	$4,287	$5,449
Insurance	$8,851	$8,078
Electricity	$3,215	$0
Gasoline	$2,878	$9,516
Total	$43,335	$40,003

Cost to Fill Up Monthly

The Kia Optima Plug-In Hybrid is $57 cheaper to fill up monthly

Vehicles	Electricity	Gasoline	Total
Kia Optima Plug-In Hybrid	$54	$48	$102
Kia Optima	$0	$159	$159

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

Up to $6,501 in tax credits and rebates are potentially available for the Kia Optima Plug-In Hybrid

$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.

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.

$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.

California High Occupancy Vehicle (HOV) Lane Exemption

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

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.

$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.

$800

PG&E Clean Fuel Rebate

PG&E provides rebates of $800 to residential customers who purchase or lease an eligible battery electric vehicle (BEV) or plug-in hybrid electric vehicle (PHEV). This rebate cannot be combined with the California Clean Fuel Reward. PG&E will be ending this program on 12/31/2020.

Silicon Valley Clean Energy Residential EV Rates

Silicon Valley Clean Energy (SVCE) electric vehicle rate schedules, EV-A and EV-B, mirror those of PG&E. With SVCE, you are driving on clean, carbon-free power at a lower rate.

PG&E Electric Vehicle Rate Plans

PG&E offers two electric vehicle rate plans for residential customers. EV2A combines your vehicle's electricity costs with those of your residence. EV-B involves the installation of another meter, which separates your vehicle's electricity costs from those of your home.

Bay Area AQMD EV Preferred Pricing Program

Drive Clean Bay Area is partnering with Cartelligent, a Bay Area concierge car broker, to offer the EV Preferred Pricing program. Receive preferred pricing on select EVs and PHEVs if you live in the Bay Area. Limited time offer from November 11, 2020 thru December 18, 2020.

Bay Area AQMD Clean Air Vehicle Discount

During commute times, clean air vehicles can receive toll discounts on Bay Area Bridges.

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