Nice assumptions...too bad Toyota already said that this will only be available with the SE and XSE trims.Agreed... except the 2021 RAV4 Hybrid Prime Plug-in will be WAY more expensive than the 2020 CRV Hybrid.
I'm guessing the RAV4 Prime will be at least US$55,000 out-the-door.
And if there's no tax credit?
My estimated price breakdown:
-- $37k for 2020 RAV4 Hybrid Limited
-- Add $10k for 302hp Prime Plug-in package
-- Add $3k for option packages (Tech, Weather, Protective)
-- Add $2k for typical extras
-- Tax, license, registration, delivery, extended warranty.
-- Maybe ~$3k dealer markup.
That is, initially I bet the RAV4 Prime is offered only on a restricted-availability loaded top-of-the-line Limited model.
And even if it's eventually offered on a base model, I expect the RAV4 Prime will still be $10k-ish more expensive than a comparable CRV Hybrid.
No thanks.
Instead, to replace my current 2011 CRV SE AWD, I'll be looking for a base CRV Hybrid hopefully around $30k.
Agreed... except the 2021 RAV4 Hybrid Prime Plug-in will be WAY more expensive than the 2020 CRV Hybrid.
I'm guessing the RAV4 Prime will be at least US$55,000 out-the-door.
And if there's no tax credit?
My estimated price breakdown:
-- $37k for 2020 RAV4 Hybrid Limited
-- Add $10k for 302hp Prime Plug-in package
-- Add $3k for option packages (Tech, Weather, Protective)
-- Add $2k for typical extras
-- Tax, license, registration, delivery, extended warranty.
-- Maybe ~$3k dealer markup.
That is, initially I bet the RAV4 Prime is offered only on a restricted-availability loaded top-of-the-line Limited model.
And even if it's eventually offered on a base model, I expect the RAV4 Prime will still be $10k-ish more expensive than a comparable CRV Hybrid.
No thanks.
Instead, to replace my current 2011 CRV SE AWD, I'll be looking for a base CRV Hybrid hopefully around $30k.
Thing is... every comment so far ARE assumptions being presented as such.So you make a whole bunch of assumptions to come to your conclusion. Seems smart.
I agree, eventually we'll see low-$40K lower-trim RAV4 Prime models.Most of your assumptions are fairly reasonable, though I think your end result number is too high... and they will sell in other trims besides Limited. I'm guessing more in the range of $40K-42K, not $55K...
I played around with the Toyota configurator, and it looks like the Hybrid option is only $425 more than the equivalent AWD version (across all the trims the hybrid is offered). Toyota already mentioned that the plugin will only be available in the SE and XSE trim. The XSE Hybrid is currently $34K. The Prius Prime is an additional $3500 over the regular Prius. Let's say the RAV4 Prime has a $5000 premium over the hybrid. That means the top-trim model would come out to around $39K, and once you factor in the $6K federal tax credit that's down to $33K. The SE is probably a couple thousand cheaper than the XSE, so net price of that trim is probably real close to $30K. Throw in the additional state incentives, and it might even drop below $30K.I agree, eventually we'll see low-$40K lower-trim RAV4 Prime models.
But still, that's much more expensive than the sub-$30K I expect for a lower-trim 2020 CRV Hybrid.
Anyway, 300hp notwithstanding, for me a plug-in hybrid just isn't worth the added cost & complexity. And down the road, the larger plug-in battery will likely be much more expensive to replace. Not good for a brand that's noted for longevity.
All I know for sure is, my one-owner low-mile 2011 CRV SE AWD is running great. So I'm willing to wait & see.
RAV4 Prime is only offered on SE and XSE? I just checked, you're correct.I played around with the Toyota configurator, and it looks like the Hybrid option is only $425 more than the equivalent AWD version (across all the trims the hybrid is offered). Toyota already mentioned that the plugin will only be available in the SE and XSE trim. The XSE Hybrid is currently $34K. The Prius Prime is an additional $3500 over the regular Prius. Let's say the RAV4 Prime has a $5000 premium over the hybrid. That means the top-trim model would come out to around $39K, and once you factor in the $6K federal tax credit that's down to $33K. The SE is probably a couple thousand cheaper than the XSE, so net price of that trim is probably real close to $30K. Throw in the additional state incentives, and it might even drop below $30K.
Yeah most of this is going to come down to price increase vs. federal tax credit.RAV4 Prime is only offered on SE and XSE? I just checked, you're correct.
But don't overlook the cost for the horsepower difference in the RAV4 Prime (302 hp) vs the regular RAV4 Hybrid (219 hp).
For comparison, it's $5100 extra for the V6 Camry (301 hp) over the 4-cyl Camry (203 hp).
Anyway, now that I think about it, I hope you're right about a $30K net price for the RAV4 Prime. It might persuade Honda to offer incentives on the CRV -- especially the non-hybrids.
This is the best way to look at it. I love it when a competitor improves their product, because it means my preferred automaker will either have to up their game, reduce their price to remain competitive, or I have a better alternative (namely the other competitor) to turn to. It's a win-win as a consumer. The only people who lose are fanboys (and maybe current owners if it means their resale value goes down).Anyway, now that I think about it, I hope you're right about a $30K net price for the RAV4 Prime. It might persuade Honda to offer incentives on the CRV -- especially the non-hybrids.
Well, I thought I was going to be putting down money for a 2020 CR-V Hybrid, in all likelihood, until the details of this were announced. Now I might be holding off to see how the RAV4 Prime pans out. Given I plan to move within 5-10 miles of my office next year (currently live 30 miles away), the plug-in would be right within that range. It will come down to compromises and price.
not sure how long I want to hold on to my 2015 CR-V past the expiration of the extended warranty (which will probably be middle of next year).If you can hold off until the 2021 RAV4 plugin comes out... maybe wait another year until the gen6 CRV releases... as it may very well also have a plugin version in the line up. Hopefully... when Honda does release a plugin hybrid CRV... they do it world wide.. and not follow how they did the rollout of the gen5 hybrid.... in EU only for the first year or two.
Considering it gets more range than the Prius Prime, and it's heavier, I'm pretty sure it's battery is going to larger than the 8.8 kWH battery in that car. Frankly that's already a foregone conclusion.The RAV4 PHEV will not qualify for any federal tax credit if its battery is 4 kw or less and its current hybrid battery packs 1.9 KW for roughly the same mpg gain.
You can pretty much guarantee it will be or this vehicle would not be sold much with the marked up price.The RAV4 PHEV will not qualify for any federal tax credit if its battery is 4 kw or less and its current hybrid battery packs 1.9 KW for roughly the same mpg gain.
Read the spec details closer... this is NOT and electric vehicle... it is a plugin hybrid. They are in fact different.was looking at the crv hybrid but the prime looks superior in all the numbers HP, acceleration, 39 ev range (on a normal workday I won't use any gas). Edmund says the battery should be big enough to qualify for the tax credit.price should be competitive, what am I missing here.I don't consider Honda quality to be a differentiating factor any longer, maybe in the past. downside for both models would be increased complexity of dual systems and first year bugs. not sure how seamless the transition is as well sometimes it can be loud, jarring switch-over to gas.
I find myself moving along this train of thought even further. what about decreasing complexity by a large margin. increasing acceleration. Never having to pull into a gas station. Eliminating the maintenance minder because none is needed, other then tire care and some fluids. What about a Tesla model Y? yes I know the price is low 50s with no tax break instead of low 40s with a break. but is it worthy of some consideration here , what do you think?
I was born in 1979. In late 1982, my mother got rid of her horrendous 1977 Dodge Dart in favor of a RWD 1983 Corolla. In 1986 my father bought my family's first Camry He drove it off the lot with exactly five miles on the odometer. I was seven years old, sitting in the back seat, but I was leaning forward with my hands and body squeezing between the plush and fuzzy bucket seats.
A year and a half later, my mother traded the Corolla for a 1988 Camry. In 1994, she traded that for a 1995 Camry. In late 1995, I was 16 and I told my father I was commandeering his 1986 Camry with 187K on the clock and he had to buy himself a replacement, so he bought a 1996 Camry that was stolen three months after delivery and stripped so badly it was declared a total loss. Then he bought another 1996 Camry to replace the stolen vehicle.
In 2004, we bought a used 1985 Camry. To say we were a bit obsessed is an understatement. The 1986 and 1996 vehicles both clocked over 300K original miles with us. I sold the 1996 after my father died in 2012 with 308K on the clock and I just recently got a Carfax update indicating its subsequent owner(s) have now driven it to a total of 392K and counting. I got careless and crashed the 1986 car with 332K in 2007 and I got rear-ended in the 1985 Camry in 2014. I hit the car in front of me, so I became the middle part of a three-car sandwich and the damage to the front and rear of the '85 car was too severe to save it.
In late 1995, after I hijacked possession of the 1986 Camry, we looked at the new Accord, Civic, Corolla, and Camry. On the Honda side, we loved the Civic, but hated that generation Accord. On the Toyota side, we liked both a lot, but the Camry was clearly a superior choice for its extra size and power over the Corolla. So it became a bit of an unfair fight between the '96 Civic and Camry. The Honda dealer called to follow up after our Civic test drive, and I told him we were simply more comfortable with Toyota. He said he has known lots of people on both sides of that coin, and they rarely ever switch over to the other team.
24 years later, sitting in a 2019 Honda feels similar to me to sitting in a 1996 Honda. Sitting in a 2019 Toyota feels like sitting in a spaceship. Toyota has betrayed me and in my opinion, betrayed itself, its roots, and its entire company history. After a brief (at least it's brief for me when it comes to cars and their longevity) digression to Nissan for the past six years, I'm scheduled to pick up my first Honda in exactly 24 hours. Wish me luck.
The 2019 Rav4 has a traditional oil filter, not like the Tacoma featured in the below video, but the Rav4 calls for 0W-16 full synthetic. Good luck getting that oil at Walmart or anywhere other than a Toyota dealer. It's an undeniably shameless cash grab. Makes me think whoever is running Toyota Motor Corporation has a lot of experience in taxation and government-sanctioned racketeering.
The 2021 Rogue looks more intimidating than the 2021 Rav4, regardless of combined horsepower. I wouldn't touch a Toyota with a 10 foot pole at this point. They have simply disappointed me too much and strayed too far from what made them great.