Volvo S60 Recharge
AFTER INCENTIVES
$42,231
MSRP
$47,650
See All Costs >ESTIMATED INCENTIVES
$5,419
See All Incentives >Loan Payment
$780 / month
Down Payment
$4,765
10% of MSRP plus taxESTIMATED INCENTIVES
$5,419
See All Incentives >Lease Payment
$370 / month
FIRST LEASE PAYMENT
$5,135
See All Costs >Incentives For Lease
$5,419
See All Incentives >TYPE
Sedan
Minimum Seats
5
FUEL TYPE
PHEV
ELECTRIC RANGE
22 miles
Total Range
510 miles
TIME TO CHARGE - LEVEL 2
~ 3 hr 40 min
BATTERY SIZE
11 kWh
CO2 EMISSIONS REDUCTION
2,823 lbs/yr
Trees Planted
59
Gasoline Saved
302 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 AWD
12,000 miles
60%
5 Years
$2.55
Assumptions
Sales Tax6.875%
Electricity Rate$0.0417/kWh
Electricity Rate shown is an example of an EV driver in Minnesota charging off-peak on the Time of Day - Separate Meter rate plan.
Cost to Fill Up Monthly
The Volvo S60 Recharge is $52 less expensive to fill up monthly
| Vehicles | Electricity | Gasoline | Total |
|---|---|---|---|
| Volvo S60 Recharge | $12 | $34 | $46 |
| Volvo S60 AWD | $0 | $98 | $98 |
Cost of Ownership
The Volvo S60 Recharge is $6,012 less expensive to own over 5 Years
| Description | Volvo S60 Recharge | Volvo S60 AWD |
|---|---|---|
| Vehicle | $21,893 | $24,073 |
| Maintenance | $2,734 | $3,697 |
| Insurance | $9,407 | $9,135 |
| Electricity | $706 | $0 |
| Gasoline | $2,040 | $5,885 |
| Total | $36,779 | $42,791 |
Cost to Breakeven
Compare the cumulative lifetime cost of the Volvo S60 Recharge to a Volvo S60 AWD
| Year | Volvo S60 Recharge | Volvo S60 AWD |
|---|---|---|
| Year 0 | $42,231 | $42,000 |
| Year 1 | $45,208 | $45,743 |
| Year 2 | $48,185 | $49,487 |
| Year 3 | $51,163 | $53,230 |
| Year 4 | $54,140 | $56,974 |
| Year 5 | $36,779 | $42,791 |
Note: Breakeven chart assumes the vehicles are purchased in cash.
We selected the Volvo S60 AWD based on its proximity to the Volvo S60 Recharge based on brand, size, and price.
Up to $5,419 in tax credits and rebates are potentially available
for the Volvo S60 Recharge
$5,419
Federal Tax Credit
Up to $1,000
Federal Alternative Fuel Infrastructure Tax Credit
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Installed by business or government
DC fast charge or superchargers
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