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Volvo recently announced that its entire 2023 lineup will have a hybrid or EV powertrain. The Volvo XC40 Recharge was the automaker’s first all-electric model, based on the existing XC40 crossover SUV. The Recharge provides plenty of horsepower and comfortable accommodations, but so many competitors.

For instance, the all-new 2023 Genesis GV60 offers loads of style and performance potential, but it’s hard to come by. As of this writing, Genesis sells the GV60 in only four U.S. states. Besides its wider availability, we have three reasons why the Volvo XC40 Recharge is a better pick.

1. The 2022 Volvo XC40 Recharge has more standard horsepower than the 2023 Genesis GV60

2022 Volvo XC40 Recharge, 2023 Genesis GV60
Volvo XC40 Recharge P8 AWD in Glacier Silver | Volvo Car Corporation

The 2022 Volvo XC40 Recharge harnesses 402 hp and 386 lb-ft of torque when paired with all-wheel drive. Volvo claims the SUV can zoom from 0 to 60 mph in just 4.7 seconds.

Genesis sells the GV60 with two available powertrains, both with dual-motor setups. The Genesis GV60 Advanced produces only 314 hp. But the 429-hp GV60 Performance is more potent than the XC40.

The Genesis GV60 is probably the sportier model to drive, according to Consumer Reports. Power comes smoothly from the electric powertrain, and the SUV remains planted on the road when turning and cornering.

Still, the Volvo XC40 Recharge satisfied Car and Driver testers, especially because it was quicker than advertised. However, its handling is more reserved than many rivals.

2. The Volvo is more spacious

Many buyers choose crossover SUVs for their cargo and passenger capacity. And the 2022 Volvo XC40 Recharge offers plenty of both for a small crossover, including more cargo space than its gas counterpart thanks to the EV’s front trunk. Plus, the XC40 boasts more cargo room than the GV60: 57.5 cubic feet versus 54.7 cubic feet.

In addition, the Volvo offers more headroom, with 39.3 inches in the first row and 39.3 inches in the second, versus the GV60’s 39 inches in the front and 38.1 inches in the rear. However, the GV60 provides a bit more legroom: 42.3 inches in the front and 37.6 inches in the rear, versus the XC40’s 40.9 inches in the front and 36.1 inches in the rear, MotorTrend reports.

But despite the GV60’s seemingly more generous legroom, the rear row feels cramped. CR says the second-row seating is so low that they encroach on passenger legroom. In comparison, the Volvo XC40 Recharge offers spacious seating in both rows and an optimal driver’s seat position.

3. The 2022 Volvo XC40 Recharge is cheaper than the 2023 Genesis GV60


The 2021 Volvo XC40 Recharge Might Confuse You When You Try to Start It

Even with a more powerful base engine, the 2022 Volvo XC40 Recharge starts at $51,700. The 2023 Genesis GV60 Advanced starts at $58,890, and the Performance trim starts at $67,890.

Despite carrying the heftier price tag, the Genesis GV60’s interior is surprisingly plain, CR testers say. It’s not terrible by luxury standards, but it doesn’t appear to be crafted with as much care as other Genesis models.

Overall, the 2023 Genesis GV60 and 2022 Volvo XC40 Recharge are well-matched in a highly competitive segment. The GV60 is probably better suited for drivers who want fine-tuned handling and more electric range. But the XC40 Recharge offers a balanced blend of both performance and interior quality, all for a better price.