These Electric Volvo Savings Add Up FAST
It can be hard for drivers to think of a new Volvo hybrid as being cost-effective when they first see the price tag. While cars like the 2022 Volvo XC60 Recharge offer an amazing value for drivers, they're still high-tech SUVs-and that comes with a high-tech SUV's price tag. Making the switch to e-mobility with a hybrid XC60 is a choice that comes with some amazing savings, both in the short- and long-term.
These savings go beyond simply paying less for gasoline, although that's already a huge benefit! Instead, the XC60 features a wide range of imaginative engineering that translates to a quality driving experience and plenty of long-term savings. Let's take a look at how a Volvo XC60 Hybrid saves drivers money!
The First Way Is Obvious: Fuel
Volvo hybrid cars use both an electric motor and a traditional combustion engine, with plenty of flexibility for switching between the two. This means drivers are able to use the XC60's electric motor for commuting and short-distance driving with the option to employ the combustion engine for difficult terrain or long-distance trips.
As a result, many drivers are able to exclusively use their electric motor for day-to-day driving, which translates to a massive decrease in gas consumption. Recharging at home is always going to be cheaper (and more convenient) than visiting a gas station, and the savings add up fast. Many drivers can easily fit in more than a month of electric commuting for a fraction of the cost of a single tank of gas.
Plus, spending less time at the gas station translates to lower chances of buying overpriced (and underwhelming) gas station food! Win-win!
Volvo Reliability = Lower Repair Costs
It's no secret Volvo cars are popular because they're considered extremely reliable in the long-term. Indeed, these cars hold on to their value much better than their competitors, and Volvo's engineering means drivers can expect significantly fewer mechanical issues over the course of the vehicle's life.
It shouldn't be hard to see the benefits here. Fewer issues mean a car will need fewer repairs, and that translates into a comfortable amount of savings. Think beyond the initial cost of parts too: this also means saving time and money spent on trips to the Volvo service center!
Finally, once drivers decide to graduate from a XC60 Hybrid, they can trade it into the Volvo dealership (for a considerable amount of value) towards a new electric Volvo!
Two Words: Tax Credits
While these savings can vary dramatically based on state and vehicle model, there are plenty of tax incentives for electric vehicles that can apply to the purchase of a hybrid car! New electric cars ALL potentially qualify for a federal tax credit of up to $7,500. The exact amount awarded depends on which specific model and year purchased, but even low-end savings represent a significant discount towards the vehicle's sticker price.
In addition, these vehicles often qualify for state-level incentives as well. These can vary significantly from state to state, but they can combine with federal tax credits to effectively lower a new hybrid vehicle's cost even further!
It shouldn't be hard to see why electric Volvo cars are such a great investment. They offer an incredible driving experience, incredible electric mileage, and plenty of opportunities to offset their initial cost. Don't forget, drivers are also benefiting from all of the amazing technology and driving innovation that comes standard in new Volvos!
For even more reasons to love Volvo's e-mobility, visit Smythe Volvo to schedule a test drive today!
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