2021 Volvo XC40 EV vs gas: is the EV worth it?
Recharge P8 eAWD Pure Electric AWD vs T5 Momentum AWD
No. Does not pay back in 6 years.
27.6years to pay back
- EV: $18,290 more. Saves $663 a year.
- Break-even: 331,200 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.
Every EV pair
| Pair | MSRP | Rating | Energy a year | Price gap | Saves a year | Payback | Ahead after 6 years |
|---|---|---|---|---|---|---|---|
| Recharge P8 eAWD Pure Electric AWD T5 Momentum AWD | $53,990 $35,700 | 42.8 kWh/100 mi 25 mpg | $873 $1,536 | $18,290 | $663 | 27.6 years | Gas, $14,314 |
| Recharge P8 eAWD Pure Electric R-Design T4 Momentum FWD | $53,990 $33,700 | 42.8 kWh/100 mi 26 mpg | $873 $1,477 | $20,290 | $604 | 33.6 years | Gas, $16,668 |
What changes the answer
- Gas price for a 6-year payback: $8.17.
- Miles a year for a 6-year payback: 55,200.
What you give up
| Measure | EV | Gas | Change |
|---|---|---|---|
| Horsepower | 402 hp | 248 hp | +154 hp |
| Torque | 486 lb-ft | 258 lb-ft | +228 lb-ft |
| Max towing | 2,000 lb | 3,500 lb | -1,500 lb |
| Cargo, seats up | 16.0 cu ft | 16.0 cu ft | about the same |
| Curb weight | 4,740 lb | 3,753 lb | +987 lb |
What this cannot tell you
Incentives, insurance, upkeep and resale are not included.
Your own mpg will differ.
- 2 or more sources
- 1 source
- Model-level, rule or estimate
- Sources disagree