2021 Volvo Plug-In Hybrids Will Be Up To $7,750 Cheaper

In February of this year, Volvo unveiled the updated S90 and V90 models, which acquired mild hybrid technology in some markets. The Swedish company has an even more ambitious plan for the next model year, as it wants to make its electrified offerings more affordable than ever.

According to a report by CarsDirect Based on a leaked early ordering guide, some of Volvo’s Recharge T8 family plug-in hybrids will cost up to $ 7,750 cheaper than the 2020 model year. Specifically, the S60 T8 sedan will be priced at $ 48,645. (destination included) thanks to a new entry-level version, which is $ 7,750 cheaper than the 2020 S60 T8.

If you want to upgrade to the larger S90 T8 sedan, it’ll set you back at least $ 61,045, which is $ 3,150 less than the 2020 model. Go for the X60 plug-in hybrid and you’ll save $ 450, while the top XC90. range, gets an appropriate price change of $ 3,550.

According to CarsDirectAccording to the analysis, the new prices will bring PHEVs closer to the starting prices of traditional combustion models. For example, the S60 R-Design Expression – the cheapest S60 PHEV for the 2021 model year – will be available at $ 43,226 after the federal tax credit, making it $ 19 more affordable than the T6 Momentum AWD model. .

Our source also notes that the prices mentioned above are before federal tax credits, which – for all qualifying models – equates to $ 5,419. Depending on condition and vehicle, additional discounts may be added, bringing the prices of plug-in hybrid vehicles closer to ICE vehicles.

By the way, Volvo will start branding all of its plug-in hybrid models under the Recharge name from now on. The move strengthens the brand’s electrified portfolio and helps customers more easily differentiate PHEVs from standard models.

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