Volvo XC40 Recharge Pure Electric

AFTER INCENTIVES

$46,490

MSRP

$53,990

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ESTIMATED INCENTIVES

$7,500

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Loan Payment

$972 / month

Down Payment

$5,939

10% of MSRP plus tax

ESTIMATED INCENTIVES

$7,500

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Lease Payment

$739 / month

FIRST LEASE PAYMENT

$6,678

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Incentives For Lease

$7,500

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TYPE

SUV

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

8,370 lbs/yr

Trees Planted

174

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)

$3.65

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 8/31/2021, 3:49:50 PM.

Cost to Fill Up Monthly

The Volvo XC40 Recharge Pure Electric is $167 cheaper to fill up monthly

Vehicles	Electricity	Gasoline	Total
Volvo XC40 Recharge Pure Electric	$77	$0	$77
Volvo XC40 R-Design AWD	$0	$243	$243

Cost of Ownership

The Volvo XC40 Recharge Pure Electric is $8,583 cheaper to own over 5 Years

Description	Volvo XC40 Recharge Pure Electric	Volvo XC40 R-Design AWD
Vehicle	$38,825	$35,179
Maintenance	$3,276	$6,130
Insurance	$9,712	$9,087
Electricity	$4,601	$0
Gasoline	$0	$14,600
Total	$56,414	$64,996

Cost to Breakdown

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

	Volvo XC40 Recharge Pure Electric	Volvo XC40 R-Design AWD
Year 0	$46,490	$41,000
Year 1	$55,407	$51,063
Year 2	$58,924	$57,027
Year 3	$62,442	$62,990
Year 4	$65,960	$68,954
Year 5	$56,414	$64,996

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

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

Up to $7,500 in federal and state tax incentives are available
for the Volvo XC40 Recharge Pure Electric, plus additional home charger incentives.

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.

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