2020 Volvo XC90 plug-in hybrid vs gas: is the plug-in worth it?

T8 eAWD Plug-In Hybrid Momentum 7 Passenger AWD vs T5 AWD Momentum 7 Passenger

No. Does not pay back in 6 years.

48.0years to pay back

Plug-in: $16,150 more. Saves $336 a year.
Break-even: 576,400 miles.
No gas trim with the same name. Cheapest gas AWD/4WD trim used.
12,000 miles a year. Gas $3.20. Electricity 17 cents a kWh. Plug-ins: 50% of miles on electricity.

Bars: total energy saving after each year. Dashed line: the $16,150 price gap.

Every plug-in pair

2020 Volvo XC90 plug-in hybrid vs gas: every pair
Pair	MSRP	Rating	Energy a year	Price gap	Saves a year	Payback	Ahead after 6 years
T8 eAWD Plug-In Hybrid Momentum 7 Passenger AWD T5 AWD Momentum 7 Passenger	$67,000 $50,850	27 mpg, 61 kWh/100 mi 23 mpg	$1,333 $1,670	$16,150	$336	48.0 years	Gas, $14,133
T8 eAWD Plug-In Hybrid Momentum 6 Passenger AWD T5 AWD Momentum 7 Passenger	$67,500 $50,850	27 mpg, 61 kWh/100 mi 23 mpg	$1,333 $1,670	$16,650	$336	49.5 years	Gas, $14,633
T8 eAWD Plug-In Hybrid R-Design 7 Passenger AWD T5 AWD Momentum 7 Passenger	$72,700 $50,850	27 mpg, 61 kWh/100 mi 23 mpg	$1,333 $1,670	$21,850	$336	65.0 years	Gas, $19,833
T8 eAWD Plug-In Hybrid Inscription 7 Passenger AWD T5 AWD Momentum 7 Passenger	$73,300 $50,850	27 mpg, 61 kWh/100 mi 23 mpg	$1,333 $1,670	$22,450	$336	66.8 years	Gas, $20,433
T8 eAWD Plug-In Hybrid Inscription 6 Passenger AWD T5 AWD Momentum 7 Passenger	$73,800 $50,850	27 mpg, 61 kWh/100 mi 23 mpg	$1,333 $1,670	$22,950	$336	68.3 years	Gas, $20,933

T8 eAWD Plug-In Hybrid Momentum 7 Passenger AWD vs T5 AWD Momentum 7 Passenger: other differences
Measure	Plug-in	Gas	Change
Horsepower	400 hp	250 hp	+150 hp
Torque	472 lb-ft	258 lb-ft	+214 lb-ft
Max towing	5,000 lb	5,000 lb	about the same
Cargo, seats up	11.2 cu ft	12.6 cu ft	-1.4 cu ft
Cargo, seats down	64.1 cu ft	65.5 cu ft	-1.4 cu ft
Curb weight	5,068 lb	4,394 lb	+674 lb

Incentives, insurance, upkeep and resale are not included.

Your own mpg will differ.