Volvo C40 EV Costs Less Than $49k With Incentives

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Automotive Editor

Based out of the Washington, D.C. area, Joel Patel is an automotive journalist that hails from Northern Virginia. His work has been featured on various automotive outlets, including Autoweek, Digital Trends, and Autoblog. When not writing about cars, Joel enjoys trying new foods, wrenching on his car, and watching horror movies. 

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, Automotive Editor - July 20, 2021

Earlier this year, Volvo introduced the all-electric C40 Recharge. It’s closely related to the XC40 Recharge but has a sportier, coupe-like design with its blunt rear end. At the time, we knew Volvo would be accepting a $500 deposit for interested customers, but pricing was unknown. It’s taken a few months, but Volvo has finally announced that the 2022 C40 Recharge EV will be priced at $59,845 including destination.

That starting price makes the C40 Recharge $4,760 more expensive than the more practical XC40 Recharge that has an MSRP of $55,085. Despite the difference in pricing, the C40 Recharge and XC40 Recharge utilize the same powertrains. Both electric crossovers come with a 78-kWh battery pack and have a combined output of 402 horsepower. Range hasn’t been announced yet, but the XC40 Recharge should be able to travel at least 208 miles on a single charge.

The reason for the large price difference comes down to available trims. The C40 Recharge will only be available in the upscale Ultimate trim, while Volvo offers the XC40 Recharge in Plus and Ultimate trims. So, the fully-loaded C40 Recharge comes with more standard features than the more affordable XC40 Recharge.

Compared to the upscale and all-electric Polestar brand, the C40 Recharge is only $1,355 off the Polestar 2’s starting price of $61,200. That vehicle has a 78-kWh battery pack, a range of 233 miles, and up to 408 horsepower. Where the C40 Recharge and Polestar 2 differ is when it comes to standard features, available tech features, and styling, as Polestar’s model is more of a direct competitor to Tesla.

Both the C40 Recharge and XC40 Recharge are eligible for the full $7,500 federal tax credit. Depending on where you live, both are also eligible for the $2,000 CVRP and $1,500 Clean Fuel Reward. Altogether, those rebates account for $11,000 in savings, bringing the C40 Recharge’s price down to $48,845. For consumers looking for a fully-loaded EV with a decent amount of range, that’s not a bad price. But if you’re not concerned with your EV looks, those rebates make the more affordable XC40 Recharge the far better value option.

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, Automotive Editor

Based out of the Washington, D.C. area, Joel Patel is an automotive journalist that hails from Northern Virginia. His work has been featured on various automotive outlets, including Autoweek, Digital Trends, and Autoblog. When not writing about cars, Joel enjoys trying new foods, wrenching on his car, and watching horror movies. 

Follow On: Twitter

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