Volvo XC40 Recharge Pure Electric

AFTER INCENTIVES

$41,990

MSRP

$53,990

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ESTIMATED INCENTIVES

$12,000

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Loan Payment

$952 / month

Down Payment

$5,817

10% of MSRP plus tax

ESTIMATED INCENTIVES

$12,000

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Lease Payment

$580 / month

FIRST LEASE PAYMENT

$6,398

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Incentives For Lease

$12,000

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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

13,417 lbs/yr

Trees Planted

280

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

Purchase Method

Miles Driven Per Year

20,000 miles

Years of Ownership/Lease

5 Years

Assumptions

Sales Tax7.75%

Price of Gasoline$3.385/gal

Electricity Rate$0.153/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, 9:43:10 PM.

Cost to Fill Up Monthly

The Volvo XC40 Recharge Pure Electric is $87 cheaper to fill up monthly

Vehicles	Electricity	Gasoline	Total
Volvo XC40 Recharge Pure Electric	$110	$0	$110
Volvo XC40 R-Design AWD	$0	$197	$197

Cost of Ownership

The Volvo XC40 Recharge Pure Electric is $8,401 cheaper to own over 5 Years

Description	Volvo XC40 Recharge Pure Electric	Volvo XC40 R-Design AWD
Vehicle	$33,111	$34,257
Maintenance	$3,472	$6,130
Insurance	$9,712	$9,087
Electricity	$6,579	$0
Gasoline	$0	$11,800
Total	$52,873	$61,274

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.

Up to $12,000 in tax credits and rebates are potentially 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.

Financing

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.

Rebate

$1,500

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.

Rebate

$2,000

California Clean Vehicle Rebate Project

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. As of April 23, 2021, limited funding is only available for Rebate Now applicants. All other applications will be placed on a rebate waitlist. Qualified applicants on the rebate waitlist may receive a rebate if the CVRP receives funding from the State of California.

HOV Lane

California High Occupancy Vehicle (HOV) Lane Exemption

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

Discounted Electric Rate

City of Colton EV Rate

Colton Electric Utility will provide an additional 250 kWh’s to Tier 2 on your electric bill.

Rebate

$1,000

City of Colton Used EV Rebate

Electric vehicle (EV) owners under Colton Electric service territory are eligible to receive a $1,000 rebate. Customers enrolled in the Low Income Assistance Program are eligible to receive an increase rebate of $1,500.

Rebate

Up to $500

City of Colton EV Charger Rebate

Electric vehicle drivers who install Level 2 (240-Volt AC) plug-in chargers at their residence in the service territory of Colton Electric Department are eligible for a rebate. Some stacking restrictions apply with other rebates.

Rebate

Up to $500

South Coast AQMD Resident EV Charging Incentive Pilot Program

Incentive of $250 for the cost of hardware for eligible Level 2 residential chargers. Chargers not listed on the online application may be considered for the program. An additional incentive of up to $250 will be available for low income residents. Eligible vehicles must be on the Clean Vehicle Rebate Project (CVRP) eligibility list. This rebate can only be stacked with other programs towards the cost of installation.

Charging Stations

Zipcode

Public stations
Installed by business or government

High Power Stations
DC fast charge or superchargers

Other Types of Stations
Private stations

Reviews from around the web

Kelley Blue Book