The starting price for a 2024 Volvo ranges from $41,295 for the compact XC40 SUV to over $72,000 for the high-performance V60 Recharge wagon, with every model in the lineup now featuring some form of electrification. For 2024, Volvo solidifies its commitment to an electric future, offering hybrid, plug-in hybrid, or fully electric powertrains across its entire range of stylish and safety-focused vehicles. This guide breaks down the pricing, powertrains, and key features of each model to help you find the perfect Volvo for your needs and budget.
What Are the 2024 Volvo SUV Options and Prices?
Volvo's SUV lineup, renowned for its safety and Scandinavian design, now offers a clear path to electrification, from mild hybrids to fully electric models.
1. Volvo C40 & XC40 Recharge: The Compact Electric SUVs
The C40 Recharge and XC40 Recharge are Volvo's entry points into full-electric ownership. They share the same mechanical underpinnings but offer different styling; the C40 features a sleek, coupe-like roofline.
- Powertrains: Both are available with a single electric motor on the rear axle producing 248 horsepower or a dual-motor all-wheel-drive setup producing a combined 402 horsepower. Horsepower (hp) is a standard unit of measurement for engine or motor power, indicating the vehicle's potential for acceleration and speed.
- Driving Range: According to EPA estimates, the single-motor versions offer an impressive range of up to 297 miles for the C40 and 293 miles for the XC40. The more powerful twin-motor versions have ranges of 257 miles and 254 miles, respectively.
- 2024 Pricing:
- Volvo XC40 (Mild Hybrid): $41,295
- Volvo XC40 Recharge (Single Motor): $53,645
- Volvo XC40 Recharge (Twin Motor): $55,395
- Volvo C40 Recharge (Single Motor): $54,695
- Volvo C40 Recharge (Twin Motor): $56,445
2. Volvo XC60: The Mid-Size Hybrid SUV
A best-seller for the brand, the mid-size XC60 balances luxury, technology, and performance. It is available with a gas-powered hybrid or a potent plug-in hybrid system.
- Powertrains: The standard XC60 uses a turbocharged 2.0-liter four-cylinder engine paired with a 48-volt mild-hybrid system (which assists the engine for smoother stop-start and slight efficiency gains) for a total of 247 hp. The XC60 Recharge plug-in hybrid (PHEV) combines a gasoline engine with electric motors for a total system output of 455 hp, offering significant electric-only driving capability.
- 2024 Pricing:
- Volvo XC60 B5 (Mild Hybrid): $47,645
- Volvo XC60 Recharge (PHEV): $59,095
3. Volvo XC90: The Three-Row Family SUV
As Volvo's flagship family hauler, the XC90 offers three rows of seating for up to seven. It utilizes more powerful versions of the powertrains found in the XC60.
- Powertrains: The XC90 B5 uses a 247-hp turbocharged engine with a mild-hybrid system. The B6 trim adds a supercharger to the turbocharged engine for 295 hp. The XC90 Recharge PHEV, like its smaller sibling, produces a robust 455 hp.
- 2024 Pricing:
- Volvo XC90 B5 (Mild Hybrid): $57,195
- Volvo XC90 B6 (Mild Hybrid): $60,095
- Volvo XC90 Recharge (PHEV): $73,095
Which 2024 Volvo Sedan or Wagon Should You Consider?
For those who prefer a car's lower stance and driving dynamics, Volvo offers sophisticated sedans and uniquely practical wagons.
1. Volvo S60: The Compact Sports Sedan
The S60 provides a sportier driving experience without sacrificing Volvo's signature comfort and safety.
- Powertrains: The standard S60 is available with front-wheel or all-wheel drive and a 247-hp turbocharged engine. The S60 Recharge PHEV is an all-wheel-drive performance standout, delivering 455 hp and an EPA-estimated 41 miles of electric-only range.
- 2024 Pricing:
- Volvo S60 (FWD/AWD): $43,095
- Volvo S60 Recharge (PHEV): $53,045
2. Volvo S90: The Executive Luxury Sedan
The S90 is Volvo's premium sedan, offering a spacious, impeccably crafted interior and a serene ride.
- Powertrains: All S90 models feature all-wheel drive. The standard S90 uses a turbocharged and supercharged engine with a mild-hybrid system for 295 hp. The S90 Recharge PHEV boosts output to 455 hp with up to 38 miles of electric range.
- 2024 Pricing:
- Volvo S90 B6 (Mild Hybrid): $58,795
- Volvo S90 Recharge (PHEV): $66,745
3. Volvo V60 & V90: The Practical Station Wagons
Volvo wagons are celebrated for their blend of utility and style. The V60 is available as a rugged Cross Country or a high-performance Recharge model, while the V90 is offered solely in the Cross Country configuration.
- Powertrains: The V60 Cross Country uses a 247-hp mild-hybrid system. The V60 Recharge is a performance wagon, achieving 0-60 mph acceleration in about 4 seconds with 455 hp and 41 miles of electric range. The V90 Cross Country features the 295-hp mild-hybrid powertrain.
- 2024 Pricing:
- Volvo V60 Cross Country: $50,845
- Volvo V60 Recharge: $72,345
- Volvo V90 Cross Country: $60,245
What Are the Key Factors in Choosing Your 2024 Volvo?
Selecting the right model depends on your primary needs, from seating capacity to your readiness for electrification.
- For Families Needing Three Rows: The Volvo XC90 is the only choice, with its spacious interior and available advanced safety features.
- For Maximum Electric Range: The Volvo C40 Recharge or XC40 Recharge in single-motor configuration offer the longest EPA-estimated range, nearing 300 miles.
- For Performance and Daily Electric Driving: The Recharge plug-in hybrid models (PHEVs) like the S60, XC60, and XC90 offer thrilling power (455 hp) and enough electric range for most daily commutes, reducing gas station visits.
- For Unique Style and Utility: The Volvo V60 wagon provides the cargo space of an SUV with the driving dynamics of a car, with the Recharge version offering supercar-level acceleration.
Based on our assessment experience, the most significant trend for the 2024 Volvo lineup is the universal availability of electrification. Whether you opt for a mild hybrid, a plug-in hybrid, or a full-electric model, you are choosing a vehicle built on Volvo's legacy of safety that is also prepared for the future. Your decision should ultimately balance budget, passenger/cargo needs, and desired powertrain technology.
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