Volvo XC40 Recharge Pure Electric

AFTER INCENTIVES

$46,490

MSRP

$53,990

See All Costs >

ESTIMATED INCENTIVES

$7,500

See All Incentives >

Loan Payment

$972 / month

Down Payment

$5,939

10% of MSRP plus tax

ESTIMATED INCENTIVES

$7,500

See All Incentives >

Lease Payment

$590 / month

FIRST LEASE PAYMENT

$6,529

See All Costs >

Incentives For Lease

$7,500

See All Incentives >

TYPE

Crossover

Minimum Seats

FUEL TYPE

BEV

ELECTRIC RANGE

208 miles

MILES PER 30 MIN OF FAST CHARGING

~ 58 miles

TIME TO CHARGE - LEVEL 2

~ 10 hr 10 min

BATTERY SIZE

78 kWh

CO2 EMISSIONS REDUCTION

7,810 lbs/yr

Trees Planted

163

Gasoline Saved

800 gal/yr

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

Compare the Volvo XC40 Recharge Pure Electric to a similar gas vehicle, the Volvo XC40 R-Design AWD.

We selected the Volvo XC40 R-Design AWD based on its proximity to the Volvo XC40 Recharge Pure Electric based on brand, size, and price.

Purchase Method

Miles Driven Per Year

20,000 miles

Years of Ownership/Lease

5 years

Gasoline Price ($/gal)

$2.95

Assumptions

Sales Tax10.00%

Electricity Rate$0.107/kWh

Electricity rate is calculated as a blended rate based off an average household consumption of 700 kWh. To learn more, please click here.

Results have been updated as of 2/24/2021, 3:50:18 PM.

Cost to Fill Up Monthly

The Volvo XC40 Recharge Pure Electric is $120 cheaper to fill up monthly

Vehicles	Electricity	Gasoline	Total
Volvo XC40 Recharge Pure Electric	$77	$0	$77
Volvo XC40 R-Design AWD	$0	$197	$197

Cost of Ownership

The Volvo XC40 Recharge Pure Electric is $5,586 cheaper to own over 5 years

Description	Volvo XC40 Recharge Pure Electric	Volvo XC40 R-Design AWD
Vehicle	$38,825	$35,179
Maintenance	$3,472	$6,130
Insurance	$9,712	$9,087
Electricity	$4,601	$0
Gasoline	$0	$11,800
Total	$56,610	$62,196

Compare the cumulative lifetime cost of the Volvo XC40 Recharge Pure Electric to a Volvo XC40 R-Design AWD

Year	Volvo XC40 Recharge Pure Electric	Volvo XC40 R-Design AWD
Year 0	$46,490	$41,000
Year 1	$55,446	$50,503
Year 2	$59,003	$55,907
Year 3	$62,560	$61,310
Year 4	$66,117	$66,714
Year 5	$56,610	$62,196

Note: Breakeven chart assumes the vehicles are purchased in cash.

Up to $7,500 in federal tax credits, plus additional state tax exemptions, are available
for the Volvo XC40 Recharge Pure Electric

Tax Credit

$7,500

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, 2021, may receive a tax credit of up to $1,000.

Tax Exemption

Washington State EV Infrastructure Tax Exemption

Washington sales and use taxes do not apply to the labor and services for purchasing and installing EV infrastructure, including home charging stations.

Reviews from around the web

Kelley Blue Book