2024 Volvo XC60 T8True Cost of Ownership in Israel
455 hp plug-in hybrid. Full cost breakdown including import duty (83%), VAT (17%), insurance, fuel at ₪2/L, maintenance, and depreciation.
Purchase Price
$128K
Base: $60K
Annual Total
$22K
Insurance + fuel + maintenance
Import Duty
$50K
83% of base price
VAT
$19K
17% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$239K
Purchase + 5yr running costs
2024 Volvo XC60 T8 — Full Cost Breakdown in Israel
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $60K |
| Import Duty (83%) | $50K |
| VAT / Sales Tax (17%) | $19K |
| Total Purchase Price | $128K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $2K |
| Annual Depreciation | $17K |
| Registration & Road Tax | $2K |
| Total Annual Running Cost | $22K |
| 5-Year Total Cost of Ownership | $239K |
| Cost Per Kilometer | $1.480 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Volvo XC60 T8 Fuel Cost Calculator — Israel
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
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⚡ Electric Vehicle
The Volvo XC60 T8 runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in Israel.
$0 Fuel Cost
Electric vehicle — no gasoline required
Volvo XC60 T8 Depreciation Curve
The Volvo XC60 T8 loses approximately $34K (57%) of its value over 5 years.
Year-by-Year Value
| New | $60K | 100% |
| Year 1 | $43K | 72% |
| Year 2 | $37K | 62% |
| Year 3 | $32K | 54% |
| Year 4 | $29K | 48% |
| Year 5 | $26K | 43% |
Depreciation based on electric segment averages.
Volvo XC60 T8 vs. Competitors in Israel
How does the Volvo XC60 T8 compare to similar cars available in Israel?
Volvo
XC60 T8
Base Price
$60K
Annual Cost in Israel
$22K
Tesla
Model 3
Base Price
$42K
Annual Cost in Israel
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Israel
$5K
BMW
i4
Base Price
$56K
Annual Cost in Israel
$8K
Annual costs estimated for Israel market. Import duty (83%) and VAT (17%) applied to all models.
🇮🇱 Owning a Car in Israel
Very high import taxes on all vehicles.
Expensive for Israel
Annual car costs = 58% of average Israel income ($38K/yr)
Average Annual Income
$38K
In Israel
Fuel Price
₪2.00/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
83%
On vehicle value
VAT / Sales Tax
17%
Applied at purchase
Driving Side
Right-hand
Middle East
Popular Car Brands in Israel
Volvo XC60 T8 in Israel — Frequently Asked Questions
Common questions about owning a Volvo XC60 T8 in Israel.
The 2024 Volvo XC60 T8 has a base price of $60,000 USD. In Israel, after 83% import duty and 17% VAT, the total purchase price is approximately $128,466 USD (₪128,466 ILS).