ElectricModel Hub

Volvo Xc60 T8

455 hp plug-in hybrid. Compare true ownership costs across 50 countries — purchase price, import duties, insurance, fuel, and annual running costs.

2024

Base Price

$60K

USD MSRP

Cheapest Country

🇻🇪 Venezuela

$17K/yr

Most Expensive

🇸🇬 Singapore

$31K/yr

5-Year TCO (US)

$165K

Total cost of ownership

Countries Tracked

Full cost breakdown

Years Available

Model years tracked

⛽

Fuel Efficiency

Zero fuel cost

Electric powertrain eliminates fuel costs entirely

📉

3-Year Depreciation

46% loss

Loses ~$27,600 from $60,000 base in 3 years

🔧

Annual Maintenance

$1,200

Typical for Electric segment in developed markets

🏷️

Segment

Electric

Competes in the Electric segment globally

About This Model

Electric Segment: Zero Fuel, Lower Maintenance, Higher Purchase Price

Electric vehicles eliminate fuel costs entirely and reduce scheduled maintenance by up to 40% compared to petrol equivalents — no oil changes, no exhaust system, fewer brake replacements due to regenerative braking. The total five-year cost of ownership for an electric model is competitive with petrol equivalents in most developed markets, even before government incentives are applied. Battery degradation is the primary long-term cost risk: most manufacturers warrant battery capacity to 70% over 8 years or 160,000 km, but real-world degradation rates vary significantly by climate and charging behaviour.

The Volvo Xc60 T8 is a Electric-segment vehicle with a base price of $60,000 USD. 455 hp plug-in hybrid. Across 50 countries, annual ownership costs range from $17K in Venezuela to $31K in Singapore — a 84% difference driven by import duties, fuel prices, insurance markets, and local taxation.

Annual Cost Snapshot (US)

Depreciation

$16,800

Insurance

$1,900

Fuel

Maintenance

$1,629

Registration

$450

Total Annual$20,779

Full US Breakdown

Interactive Chart

Volvo Xc60 T8 — Annual Cost by Country

Includes insurance, fuel (15,000 km/yr), maintenance, depreciation, and taxes.

Depreciation Curve

How Fast Does the Xc60 T8 Lose Value?

Starting at $60,000, the Volvo Xc60 T8 retains 43% of its value after 5 years — losing $34,200 in total.

Year 1

$43,200 (72%)

Year 2

$37,200 (62%)

Year 3

$32,400 (54%)

Year 4

$28,800 (48%)

Year 5

$25,800 (43%)

Market Value Over 5 Years

Cost Composition

What Makes Up the Annual Cost?

Annual ownership cost in the United States: $20,779. Depreciation is the largest single cost at 81% of total annual spend.

Depreciation

$16,80081%

Insurance

$1,9009%

Fuel

$00%

Maintenance

$1,6298%

Registration

$4502%

Country Rankings

Where Is the Xc60 T8 Cheapest & Most Expensive?

🏆5 Cheapest Countries to Own

#1🇻🇪

Venezuela

Purchase: $84K

$17K/yr

#2🇮🇷

Iran

Purchase: $124K

$17K/yr

#3🇧🇩

Bangladesh

Purchase: $173K

$17K/yr

#4🇺🇦

Ukraine

Purchase: $79K

$18K/yr

#5🇳🇬

Nigeria

Purchase: $87K

$18K/yr

💸5 Most Expensive Countries to Own

#1🇸🇬

Singapore

Purchase: $92K

$31K/yr

#2🇭🇰

Hong Kong

Purchase: $129K

$27K/yr

#3🇧🇷

Brazil

Purchase: $91K

$23K/yr

#4🇩🇰

Denmark

Purchase: $188K

$23K/yr

#5🇬🇧

United Kingdom

Purchase: $77K

$23K/yr

50 Countries

Volvo Xc60 T8 — Annual Cost by Country

Based on 2024 model. Includes insurance, fuel (15,000 km/yr), maintenance, depreciation, and taxes.

#	Country	Purchase Price	Import Duty	Insurance/yr	Fuel/yr	Annual Total	Details
1	🇻🇪Venezuela	$84K	20%	$100	$0	$17K	View
2	🇮🇷Iran	$124K	90%	$150	$0	$17K	View
3	🇧🇩Bangladesh	$173K	150%	$200	$0	$17K	View
4	🇺🇦Ukraine	$79K	10%	$500	$0	$18K	View
5	🇳🇬Nigeria	$87K	35%	$550	$0	$18K	View
6	🇵🇰Pakistan	$105K	50%	$450	$0	$18K	View
7	🇵🇪Peru	$77K	9%	$600	$0	$18K	View
8	🇪🇬Egypt	$96K	40%	$450	$0	$18K	View
9	🇮🇳India	$154K	100%	$350	$0	$18K	View
10	🇬🇭Ghana	$83K	20%	$650	$0	$18K	View
11	🇷🇺Russia	$83K	15%	$700	$0	$18K	View
12	🇰🇪Kenya	$87K	25%	$750	$0	$18K	View
13	🇵🇭Philippines	$87K	30%	$750	$0	$19K	View
14	🇮🇩Indonesia	$93K	40%	$650	$0	$19K	View
15	🇷🇴Romania	$79K	10%	$950	$0	$19K	View
16	🇹🇭Thailand	$116K	80%	$850	$0	$19K	View
17	🇻🇳Vietnam	$112K	70%	$450	$0	$19K	View
18	🇶🇦Qatar	$63K	5%	$1K	$0	$19K	View
19	🇭🇺Hungary	$84K	10%	$1K	$0	$19K	View
20	🇨🇴Colombia	$96K	35%	$1K	$0	$19K	View
21	🇲🇽Mexico	$84K	20%	$1K	$0	$19K	View
22	🇲🇾Malaysia	$83K	30%	$950	$0	$19K	View
23	🇸🇦Saudi Arabia	$72K	5%	$1K	$0	$19K	View
24	🇨🇿Czech Republic	$80K	10%	$1K	$0	$19K	View
25	🇦🇷Argentina	$98K	35%	$1K	$0	$19K	View
26	🇦🇪UAE	$66K	5%	$1K	$0	$20K	View
27	🇵🇱Poland	$81K	10%	$1K	$0	$20K	View
28	🇨🇱Chile	$76K	6%	$1K	$0	$20K	View
29	🇨🇳China	$78K	15%	$1K	$0	$20K	View
30	🇹🇷Turkey	$130K	80%	$950	$0	$20K	View
31	🇿🇦South Africa	$86K	25%	$2K	$0	$20K	View
32	🇵🇹Portugal	$81K	10%	$1K	$0	$20K	View
33	🇰🇷South Korea	$71K	8%	$1K	$0	$20K	View
34	🇬🇷Greece	$82K	10%	$1K	$0	$20K	View
35	🇪🇸Spain	$80K	10%	$2K	$0	$20K	View
36	🇫🇷France	$79K	10%	$2K	$0	$21K	View
37	🇳🇿New Zealand	$72K	5%	$2K	$0	$21K	View
38	🇺🇸United States	$62K	2.5%	$2K	$0	$21K	View
39	🇫🇮Finland	$82K	10%	$2K	$0	$21K	View
40	🇦🇹Austria	$79K	10%	$2K	$0	$21K	View
41	🇸🇪Sweden	$83K	10%	$2K	$0	$21K	View
42	🇯🇵Japan	$66K	0%	$1K	$0	$21K	View
43	🇩🇪Germany	$79K	10%	$2K	$0	$21K	View
44	🇧🇪Belgium	$80K	10%	$2K	$0	$21K	View
45	🇳🇱Netherlands	$80K	10%	$2K	$0	$21K	View
46	🇨🇦Canada	$67K	6.1%	$2K	$0	$21K	View
47	🇨🇭Switzerland	$69K	6.5%	$2K	$0	$22K	View
48	🇦🇺Australia	$69K	5%	$2K	$0	$22K	View
49	🇳🇴Norway	$94K	25%	$2K	$0	$22K	View
50	🇮🇱Israel	$128K	83%	$2K	$0	$22K	View
51	🇮🇹Italy	$81K	10%	$2K	$0	$22K	View
52	🇬🇧United Kingdom	$77K	6.5%	$3K	$0	$23K	View
53	🇩🇰Denmark	$188K	150%	$2K	$0	$23K	View
54	🇧🇷Brazil	$91K	35%	$3K	$0	$23K	View
55	🇭🇰Hong Kong	$129K	115%	$2K	$0	$27K	View
56	🇸🇬Singapore	$92K	41%	$3K	$0	$31K	View