Volvo XC40 Recharge electric running costs & insurance

Affordable company-car tax and infrequent servicing count in the electric XC40's favour here

Overall rating

4.0 out of 5

Running costs & insurance rating

4.0 out of 5

Insurance groupWarrantyService interval2021/22 company-car tax cost (20%/40%)
41-423yrs / 60,000 miles2yrs / 18,000 milesFrom £100 / £200

Insurance premiums are often higher for electric cars because of the expected costs if something were to go wrong. But with less components to go wrong, they also require less frequent maintenance; they're exempt from the London Congestion Charge and other clean-air zone charges, too.

Volvo XC40 Recharge electric insurance group

Insurance information for the single-motor XC40 Recharge model isn’t available just yet, but the cheapest twin-motor version is in insurance group 41, while the higher-spec Twin Plus and Twin Pro sit in group 42. Both ratings are higher than those for any of the petrol, hybrid or plug-in hybrid XC40s, which are as low as 22, so it's still a noticeable increase for the electric variant.

Warranty

The XC40 Recharge comes as standard with Volvo’s three-year/60,000-mile warranty, while the batteries are covered against degradation by an eight-year/100,000-mile guarantee. You can get an extended warranty for the XC40 Recharge with Volvo Cover Options, extending the cover by up to four years or an additional 60,000 or 80,000 miles.

Servicing

With few moving components, electric cars don’t need maintenance as often as combustion engined cars: this can be seen in the XC40 Recharge's two-year/18,000-mile recommended interval.

Road tax

Like all fully zero-emissions cars, the Volvo XC40 Recharge is currently liable for zero UK road tax (also known as Vehicle Excise Duty, or VED). That could change in the near future as the proportion of electric cars on the road continues to increase and the government looks to make up the shortfall in revenue.

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