K-FK/ShutterstockPHEV stands for plug-in hybrid electric vehicle. Certain terms and acronyms, such as PHEV, are important to know when understanding your electric vehicle or shopping around for one. Consumers may not realize there is a distinction between this sort of automobile and standard hybrid electric vehicles (HEVs). PHEVs are hybrid electric vehicles that are capable of having their batteries replenished via a charging plug. This differs from typical HEVs, which recharge through regenerative braking. That function transfers kinetic energy gained from its motion into electric energy that is returned to the battery, providing one way you can extend your vehicle's range.PHEVs offer the added benefit of a charging plug, which can extend the battery's range further than regenerative braking. PHEVs usually use batteries designed for short-range trips — averaging from 15 to 60 and above miles – while also relying on gas-powered internal combustion engines for more demanding journeys. Therefore, users can peacefully reduce their carbon footprint without fretting about their battery range. You would still be able to use a PHEV even if you didn't plug in the hybrid car all the time, although it could impact the vehicle's fuel efficiency and battery range.PHEVs come with financial and emotional benefitsJonathan Weiss/ShutterstockPHEVs come with the benefit of saving you money in the long run. Hybrids and electric cars, in general, can give your wallet a break by burning less or no fuel — thus making them cheaper to drive than gas cars. "Using electricity from the grid to run the vehicle some or all of the time reduces operating costs and fuel use, relative to conventional vehicles," the U.S. Department of Energy explains. It also notes that lower carbon emissions can be a major selling point for those trying to reduce air pollution. Depending on your PHEV's electricity source and usage rate, it may produce lower pollution levels.PHEVs also present the convenience and environmentally-conscious experience of operating a hybrid electric vehicle, or HEV, while providing an extra safety blanket via a fuel reserve. Such vehicles will swap over to gas power in scenarios requiring you to exceed your electric range. Thus, you can usually drive comfortably without worrying about a low battery on longer trips. Though PHEVs may still cost a pretty penny, the long-term peace of mind and financial benefits they present could render them a fine choice for your next vehicle.Enjoyed this article? Sign up to BGR's free newsletter and add us as a preferred search source or follow us on Google for the latest in tech and entertainment, plus tips and advice you'll actually use.