Volvo S60 Recharge

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AFTER INCENTIVES

$43,250

MSRP

$51,250

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ESTIMATED INCENTIVES

$8,000

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Loan Payment

$894 / month

Down Payment

$5,461

10% of MSRP plus tax

ESTIMATED INCENTIVES

$8,000

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Lease Payment

$683 / month

FIRST LEASE PAYMENT

$6,145

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Incentives For Lease

$8,000

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Type

Sedan

Minimum Seats

Fuel Type

PHEV

Electric Range

41 miles

Total Range

530 miles

Time to Charge - Level 2

~ 4 hr 30 min

Battery Size

18 kWh

CO2 Emissions Reduction

4,454 lbs/yr

Equivalent Trees Planted

Gasoline Saved

456 gal/yr

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

Compare the Volvo S60 Recharge to a similar gas vehicle, the Volvo S60 B5 AWD

Purchase Method

Miles Driven Per Year

20,000 miles

Portion Electric for PHEV

60%

Years of Ownership/Lease

5 Years

Gasoline Price ($/gal)

$4.45

Sales Tax

6.57 %

Assumptions

Electricity Rate$0.2614/kWh

Electricity rate is based off of Energy Information Administration

Results have been updated as of 1/27/2023, 12:32:50 PM.

Cost to Fill Up Monthly

The Volvo S60 Recharge is $54 cheaper to fill up monthly

Vehicles	Electricity	Gasoline	Total
Volvo S60 Recharge	$115	$96	$211
Volvo S60 B5 AWD	$0	$265	$265

Cost of Ownership

The Volvo S60 Recharge is $6,596 cheaper to own over 5 Years

Description	Volvo S60 Recharge	Volvo S60 B5 AWD
Vehicle	$34,214	$36,242
Maintenance	$4,524	$6,227
Insurance	$10,587	$10,202
Electricity	$6,901	$0
Gasoline	$5,742	$15,893
Total	$61,968	$68,564

We selected the Volvo S60 B5 AWD based on its proximity to the Volvo S60 Recharge based on brand, size, and price.

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

Up to $8,000 in tax credits and rebates are potentially available
for the Volvo S60 Recharge

Tax Credit

Up to $1,000

Federal Alternative Fuel Infrastructure Tax Credit

Customers who purchase qualified residential fueling equipment after January 1, 2023, may receive a tax credit of up to $1,000.

Tax Credit

$7,500

Federal Tax Credit

You may qualify for a credit up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in electric vehicle. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032.

Tax Credit

Up to $4,000

Federal Used Clean Vehicle Credit

Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) or fuel cell vehicle (FCEV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Conditions apply.

Vehicle 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.

HOV Lane

California High Occupancy Vehicle (HOV) Lane Exemption

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

Vehicle Financing

California PACE Loss Reserve Program

The PACE Loss Reserve Program administered by the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) works with partners and lenders to support PACE financing for energy or water efficiency and clean energy home improvements. Property owners in a PACE-designated area can use PACE financing for the above home improvements without a down payment and repayment included in their property tax bills. See if a PACE participant serves your county!

Discounted Electric Rate

Turlock Irrigation District DT Domestic PHEV Experimental Rate

TID is offering an experimental schedule to customers for whom Schedule DT applies. Applicants must have a currently registered PHEV or BEV and a recharging outlet on their home premises.

Vehicle Rebates

Up to $400

Turlock Irrigation District EV Charger Rebate

TID is offering customers a $300 rebate who purchase and install a qualifying Level 2 Charger. TID customers enrolled in the CARES program will receive an additional $100 per charger.

Vehicle Rebates

$500

Turlock Irrigation District EV Rebate

TID is offering customers a $500 rebate who purchase a qualifying new or used zero-emission battery electric vehicle. TID customers enrolled in the CARES program will receive an additional $700 per vehicle.