Summary
- Costco offers its members a discount on leasing a 2025 Volvo EX90 electric SUV
- Current Volvo customers who lease the EX90 before Apr. 30 may save up to $10,000
- Additional discounts are available based on Costco membership level and loyalty to the brand
- The EX90 qualifies for a $7,500 lease incentive from Volvo and additional loyalty discounts
- Costco has recently reentered the EV charging market and offers Level 2 and DC fast chargers at some locations
Article
Costco members can now take advantage of a significant discount when leasing a 2025 Volvo EX90 electric SUV through the retailer’s auto program. Current Volvo customers who are Costco members could save up to $10,000 on a new lease if they sign up before April 30th. The discount includes $2,000 for Costco Executive members and $1,500 for Gold Star and Business members, as well as additional incentives for other eligible electric vehicles such as those from General Motors.
The EX90 lease discount can also be combined with a $500 loyalty discount for returning customers and a $7,500 EV lease incentive from Volvo. This incentive is likely due to the EV leasing loophole that allows manufacturers with captive leasing arms to pass on a $7,500 credit to customers. While the EX90 may qualify for a lease credit, it does not currently qualify for the $7,500 purchase credit. The vehicle is manufactured in the U.S. and is priced just under the ceiling for the credit, meeting some but not all qualifications.
Costco has been offering its discount EV program for some time, but only recently re-entered the EV charging market. The retailer was among the first big-box retailers to offer charging, installing Level 2 chargers at select California locations in the 1990s. However, Costco removed those stations in 2011 and 2012. Last year, Costco resumed installing DC fast chargers while maintaining its profitable gas pumps, indicating a renewed commitment to EV infrastructure. By providing discounted leasing options and expanding EV charging stations, Costco is seeking to encourage more customers to consider electric vehicles.
Costco’s partnership with Volvo and other automakers underscores the retailer’s efforts to support the transition to electric vehicles. By offering significant discounts and incentives for EV leases, Costco is making electric vehicles more accessible and appealing to a broader range of consumers. The combination of Costco’s discounts, manufacturer incentives, and federal tax credits can result in substantial savings for individuals interested in leasing an electric vehicle. Costco’s commitment to promoting sustainable transportation options aligns with its efforts to reduce its carbon footprint and support environmentally friendly initiatives.
The availability of discounted leases and charging infrastructure through Costco can help address common barriers to electric vehicle adoption, such as high upfront costs and concerns about charging accessibility. By partnering with automakers and investing in EV charging infrastructure, Costco is playing a key role in advancing the transition to electric vehicles. As the popularity of electric vehicles continues to grow, retailers like Costco are well-positioned to support this shift and contribute to a more sustainable transportation future. Costco’s efforts to promote EV adoption reflect a broader trend of businesses and organizations prioritizing sustainability and environmental responsibility in response to climate change concerns.
In conclusion, Costco’s discounted lease program for the 2025 Volvo EX90 electric SUV, along with other EV incentives, demonstrates the retailer’s commitment to promoting electric vehicle adoption and advancing sustainable transportation options. By offering significant discounts and investing in EV charging infrastructure, Costco is playing a crucial role in accelerating the transition to electric vehicles. Through partnerships with automakers and ongoing initiatives to support EV adoption, Costco is making electric vehicles more accessible and appealing to consumers. The retailer’s efforts align with broader trends towards sustainability and environmental responsibility, highlighting the importance of businesses in driving positive change towards a more environmentally friendly future.
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