Volvo XC40 Recharge P8 running costs

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

Volvo XC40 P8
Overall rating

4.0 out of 5

Running costs rating

4.0 out of 5

Insurance groupWarrantyService interval2021/22 company-car tax cost (20%/40%)
32-423yrs / 60,000 miles2yrs / 18,000 milesFrom £106 / £212

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 P8 insurance group

Launch Edition XC40 P8s are insurance group 42, which is far higher than any of the petrol, hybrid or plug-in hybrid XC40s. However, the R-Design sits in group 32, which is the same as the highest-spec XC40 plug-in hybrid. But the XC40 R-Design's insurance group can go as low as 22 with a petrol engine, so it's still a noticeable increase for the electric Recharge variant. 

Warranty

The XC40 P8 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 P8 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 P8's two-year/18,000-mile recommended interval.

Road tax

Like all fully zero-emissions cars, the Volvo XC40 Recharge P8 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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