Volvo XC40 Recharge Pure Electric

TBD

AFTER INCENTIVES

$43,990

MSRP

$53,990

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ESTIMATED INCENTIVES

$10,000

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Loan Payment

$952 / month

Down Payment

$5,817

10% of MSRP plus tax

ESTIMATED INCENTIVES

$10,000

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Lease Payment

$580 / month

FIRST LEASE PAYMENT

$6,398

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Incentives For Lease

$10,000

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TYPE

SUV

Minimum Seats

5

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.

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

20,000 miles

5 Years


Assumptions

Results have been updated as of 1/11/2021, 10:31:36 PM.

Cost to Fill Up Monthly

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


VehiclesElectricityGasolineTotal
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 $6,401 cheaper to own over 5 Years



DescriptionVolvo XC40 Recharge Pure ElectricVolvo XC40 R-Design AWD
Vehicle$35,111$34,257
Maintenance$3,472$6,130
Insurance$9,712$9,087
Electricity$6,579$0
Gasoline$0$11,800
Total$54,873$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 $10,000 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, 2020, 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.
HOV Lane

California High Occupancy Vehicle (HOV) Lane Exemption


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

$1,000

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

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.
Discounted Electric Rate

Colton EV Rate


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

Charging Stations

Public stations
Installed by business or government
High Power Stations
DC fast charge or superchargers
Other Types of Stations
Private stations