Volvo XC40 Recharge Twin Pure Electric

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AFTER INCENTIVES

$48,050

MSRP

$53,550

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ESTIMATED INCENTIVES

$5,500

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Loan Payment

$934 / month

Down Payment

$5,707

10% of MSRP plus tax

ESTIMATED INCENTIVES

$5,500

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Lease Payment

$714 / month

FIRST LEASE PAYMENT

$6,421

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Incentives For Lease

$5,500

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Type

Crossover

Minimum Seats

Fuel Type

BEV

Electric Range

223 miles

Miles Per 30 Min Of Fast Charging

~ 64 miles

Time to Charge - Level 2

~ 10 hr 10 min

Battery Size

78 kWh

CO2 Emissions Reduction

8,447 lbs/yr

Equivalent Trees Planted

176

Gasoline Saved

769 gal/yr

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

Compare the Volvo XC40 Recharge Twin Pure Electric to a similar gas vehicle, the Volvo XC40 B5 AWD

Purchase Method

Miles Driven Per Year

20,000 miles

Years of Ownership/Lease

5 Years

Gasoline Price ($/gal)

$4.83

Sales Tax

6.57 %

Assumptions

Electricity Rate$0.2446/kWh

Electricity rate is based off of Energy Information Administration

Results have been updated as of 3/2/2023, 8:03:45 PM.

Cost to Fill Up Monthly

The Volvo XC40 Recharge Twin Pure Electric is $151 cheaper to fill up monthly

Vehicles	Electricity	Gasoline	Total
Volvo XC40 Recharge Twin Pure Electric	$159	$0	$159
Volvo XC40 B5 AWD	$0	$310	$310

Cost of Ownership

The Volvo XC40 Recharge Twin Pure Electric is $4,576 cheaper to own over 5 Years

Description	Volvo XC40 Recharge Twin Pure Electric	Volvo XC40 B5 AWD
Vehicle	$38,609	$32,124
Maintenance	$3,268	$6,065
Insurance	$10,709	$9,936
Electricity	$9,539	$0
Gasoline	$0	$18,577
Total	$62,126	$66,702

We selected the Volvo XC40 B5 AWD based on its proximity to the Volvo XC40 Recharge Twin Pure Electric based on brand, size, and price.

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

Up to $5,500 in tax credits and rebates are potentially available
for the Volvo XC40 Recharge Twin Pure Electric

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

Up to $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.

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.

Vehicle Rebates

$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.

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.

Vehicle Rebates

$3,000

San Joaquin Valley AQMD Drive Clean in the San Joaquin

San Joaquin Valley Air Pollution Control District (SJVAPCD) administers the Drive Clean! Rebate Program which provides rebates to Valley residents and businesses for the purchase or lease of new, clean-air vehicles. To be considered for a rebate, applicants must purchase or lease a vehicle from the eligible vehicle list.