This spring, I wanted to buy my first electric car. I was very interested in the Volvo C40 Renewal, but I chose another model as it was not eligible for the subsidy. However, I have just learned that the situation has changed. How come he is suddenly eligible?
When it hit the market, the 2022 Volvo C40 Recharge didn’t qualify for government subsidies because its price was too high. Volvo then released a fully equipped version of its first car intended to be 100% electric.
However, for the 2023 model year, the Swedish manufacturer has changed its strategy by adding two new versions to the list. So, the new Core and Plus versions of the C40 Recharge are respectively priced at $59,950 and $69,995 (we add $2,315 in shipping and handling costs). These are the only two versions that are eligible for the $5,000 federal subsidy that is offered for the purchase of an electric vehicle with a base price of $60,000 or less, up to $70. $000, if it is an SUV or pickup truck.
A regional subsidy is provided, regardless of the C40 version you choose. Indeed, it’s enough that the electric manufacturer’s suggested retail price (MSRP) is less than $60,000. Quite simply.
To prevent a situation like yours from happening, we would like Volvo to show more transparency in its marketing plan for the C40 Recharge, which had a low priority before it was eligible for the subsidy.