In-depth reviews

Volvo V60 Recharge hybrid running costs

Company-car drivers will be quids-in with a Volvo V60 Recharge, but it won't be cheap to insure

Rating
Running costs Rating
Insurance groupWarrantyService interval2020/21 company-car tax cost (20%/40%)
42-433yrs / 60,000 miles1yr / 18,000 milesFrom £1,715 / £3,429

Low CO2 emissions of 41g/km (rising to 50-56g/km for the Polestar Engineered version) are key to the V60 hybrid's status as an enticingly affordable company car. It's in a much lower BiK (Benefit-on-Kind) band than its purely petrol or diesel-engined siblings, so if it's on your company-car list, it's an obvious choice.

Daily running costs can also be very low if you make the most of the car's electric range, but on the other hand you will pay servicing and insurance rates commensurate with Volvo's premium-brand status.

Volvo V60 Recharge hybrid insurance group

The V60 Recharge T6 is in group 42, while the V60 Recharge T8 Polestar Engineered is one higher – 43. They won't be especially cheap to insure compared to rivals – a BMW 330e is in group 33, for example. That said, for a car with as much as 399bhp, insuring the Volvo could be far worse.

Warranty

Volvo's standard warranty covers the car for three years or 60,000 miles – on par with premium rivals, but mainstream manufacturers such as Toyota, Hyundai and Kia do better, with longer durations and more generous mileage caps.

Servicing

Volvo recommends the V60 Recharge be maintained once a year, or every 18,000 miles – whichever comes up sooner. The cost of servicing is set by individual Volvo dealers, so it may pay to shop around if there's more than one in easy reach.

Road tax

As a hybrid vehicle, the V60 Recharge gets a slight discount on the basic £150-a-year VED rate, dropping it to £140 a year. But to that must be added the £325 'premium tax' levied on cars costing more than £40,000 new. So the first five times you tax the V60 Recharge, the bill will be £465.

Most Popular

New 2020 Ford Kuga hybrid: prices, details and specs
Ford Kuga Hybrid
Ford Kuga Hybrid

New 2020 Ford Kuga hybrid: prices, details and specs

Prices and efficiency figures have been announced for the Ford Kuga, with mild-hybrid, full-hybrid and plug-in-hybrid technology all offered
17 Nov 2020
Best small electric cars 2020
MINI Electric
Best cars

Best small electric cars 2020

A compact electric vehicle makes a perfect urban runabout or small family car. These are the best small electric cars you can buy
17 Nov 2020
Best seven-seater electric and hybrid cars 2021
Best cars

Best seven-seater electric and hybrid cars 2021

Family cars must be practical, and there are lots of seven-seat electric and hybrid models that offer exactly that
30 Nov 2020