For those looking to finally ditch their gas-guzzler in exchange for a cleaner EV, Costco (COST) may be the best place to buy.
The retailer announced a limited-time member-only incentive on Volvo EVs: $2,500 off the Volvo XC40 Recharge or C40 Recharge. It is also offering a $1,000 incentive on a series of Volvo’s other non-EV models, including its SUV/crossover models, as well as its sedans and wagons.
The discount runs until July 31.
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Both fully-electric models boast 400 horsepower and a battery range of around 220 miles. The other Volvo models listed in the promotion can be purchased as either a plug-in or mild hybrid.
This comes as other EV incentives are stacking up -- the EV tax credit offers Americans between $2,500 and $7,500 in tax incentives for purchasing an electric vehicle. The Inflation Reduction Act of 2022 expanded the scope of the EV tax credit, extending it through 2032.
The XC40 Recharge starts at $53,550.
