All PHEVs manufactured by the brand will be sold under Recharge.
Volvo unveiled the updated S90 model and V90 model in February. Some markets have also received mild-hybrid technology. The next model year will be even more ambitious for the Swedish company, which wants to make electrified products more affordable than ever.
A report by CarsDirect Based on leaked early orders guide, Volvo’s plug in hybrids from its Recharge T8 family could be $7,750 less than the 2020 model year. The S60 T8 sedan will cost $48,645 including destination. This is because it has a new entry-level version that’s $7,750 less than the 2020 S60 T8.
You can upgrade to the larger S90T8 sedan for $61,045. This is $3,150 more than the 2020 model. The plug-in hybrid X60 will save you $450 while the range-topping XC90 will cost you $3,550 more.
CarsDirect has calculated that the new prices will bring PHEVs closer in price to traditional combustion-powered models. The S60 R-Design Expression, the most affordable S60 PHEV, will be $43,226. This is $19 less than the T6 Momentum AW model.
Our source also noted that these prices are before the federal tax credits which, for all eligible models, equal $5,419. Depending on where you live and what vehicle you have, additional discounts may be available to bring the PHEVs’ price closer to their ICE-powered counterparts.
Volvo will now brand all plug-in hybrid vehicles with the Recharge name. This is a way to differentiate the PHEVs and standard models from Volvo’s electric portfolio.