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2023 Volvo V60 plug-in hybrid vs gas: is the plug-in worth it?

T8 Polestar Engineered Recharge Plug-In Hybrid AWD vs B5 Plus Cross Country AWD

No. Does not pay back in 6 years.

56.0years to pay back

Pick another car

$0$5,000$10,000$15,000$20,000$25,00012345678910Your 6 yearsPrice gap $21,750
Bars: total energy saving after each year. Dashed line: the $21,750 price gap.

Every plug-in pair

2023 Volvo V60 plug-in hybrid vs gas: every pair
PairMSRPRatingEnergy a yearPrice gapSaves a yearPaybackAhead after 6 years
T8 Polestar Engineered Recharge Plug-In Hybrid AWD
B5 Plus Cross Country AWD
$70,550
$48,800
31 mpg, 46 kWh/100 mi
26 mpg
$1,089
$1,477
$21,750$38856.0 yearsGas, $19,420
Recharge Plug-In Hybrid T8 eAWD PHEV Polestar Engineered AWD
B5 Plus Cross Country AWD
$70,550
$48,800
31 mpg, 46 kWh/100 mi
26 mpg
$1,089
$1,477
$21,750$38856.0 yearsGas, $19,420

What changes the answer

  • Gas price for a 6-year payback: $15.28.
  • Miles a year for a 6-year payback: 112,000.

What you give up

T8 Polestar Engineered Recharge Plug-In Hybrid AWD vs B5 Plus Cross Country AWD: other differences
MeasurePlug-inGasChange
Horsepower455 hp247 hp+208 hp
Torque523 lb-ft258 lb-ft+265 lb-ft
Max towing2,000 lb2,000 lbabout the same
Curb weight4,495 lb4,082 lb+413 lb

What this cannot tell you

Incentives, insurance, upkeep and resale are not included.

Your own mpg will differ.

How values are checked