Calculating costs for a hybrid
version of an existing model against its more conventional petrol or diesel equivalents isn’t as straightforward as comparing the list price. It’ll still likely be the first thing you look at, though, and the fact the Recharge Plug-in Hybrid is only available in the fancier trim levels immediately makes it look expensive than the regular Volvo XC40
. Like-for-like against an equivalent petrol or diesel model of comparable spec it’s at least 10 per cent more in list price terms, a figure reflected in monthly finance packages
Of course, a hybrid appeals for other reasons, including the promise of significantly reduced fuel costs. Whether or not you’ll realise the claimed three-digit mpg figure very much depends how you use your XC40 hybrid, though. Plug it in every night, do short town journeys within the official 28-mile range and you’ll rarely visit a filling station. Use it for longer runs, however, and the fuel consumption drops to not much better than a regular petrol or diesel. For more on this check out our long-term test
For company drivers
, though, the case for the hybrid is close to no-brainer, given Benefit In Kind
costs are less than half those of petrol or diesel versions, saving you a packet in tax every month. You also save a chunk at point of purchase thanks to favourable VED or ‘road tax’ rates
set to encourage take-up of hybrids.