2023 Volvo XC60 price and specs

2023-volvo-xc60-price-and-specs

All variants in the Volvo XC60 range have been renamed for the new model year, with extra features and higher prices.


Alex Misoyannis

  • 2023 Volvo XC60 pricing and specifications
  • New Plus, Ultimate names for all four model grades
  • Some new features added, higher option pack prices
  • Priced from $72,990 plus on-road costs.

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Above: 2022 XC60 B6 R-Design, now Ultimate B6 Dark, shown throughout.

The 2023 Volvo XC60 has received new features and a renamed range for the new model year – but the changes come with price rises across the range of between $3000 and $3500.

Mirroring the rest of the company’s Australian range, the XC60 switches to Volvo’s new model names – a year after the car’s mid-life facelift a year ago, which saw it gain a revised look, new tech, and mild-hybrid systems across the petrol-engined line-up.

The B5 Momentum is now called the Plus B5, the B5 Inscription becomes the Ultimate B5 Bright (referring to its chrome trim), the B6 R-Design becomes the Ultimate B6 Dark (as it has black trim), and the Recharge Plug-in Hybrid now wears the long Recharge Ultimate T8 Plug-in Hybrid badge.



Prices have increased for Model Year 2023 by $3500 for the three mild-hybrid petrol models, and are up by $3000 for the plug-in hybrid – pushing the base price to $72,990 plus on-road costs.

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It means the most affordable petrol Volvo XC60 costs $10,000 more than it did five years ago – even though is now built in China rather than Sweden.

However, the model now comes with a mild-hybrid system, a five-year warranty (rather than three-year coverage), and a host of new features including rear auto emergency braking, illuminated door handles, power rear headrests, traffic sign recognition, and more.



New features to coincide with the 2023 price rise to the entry-level Plus B5 include power-folding rear headrests – previously a $350 option – and USB-C ports.

Industry guide Redbook indicates a boot cargo net and a new leather-look steering wheel are now included. Drive has contacted Volvo Australia to confirm, and will update this story with its response.

The power headrests and USB-C ports feature across the range. Higher-spec B6 and plug-in hybrid variants are no longer fitted with sports pedals, in the switch away from R-Design branding.



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Option prices have also changed for the new year. The Climate and Lifestyle Packs are up to $250 cheaper – while standalone options, such as air suspension upgraded sound systems cost more, with 21-inch wheels on the Ultimate B5 Bright now $650 dearer than before.

Standard features on the entry-level XC60 Plus B5 include a 9.0-inch touchscreen running Google software – now with Apple CarPlay – plus a 12-inch instrument display, four-zone climate control, 19-inch wheels, heated seats and leather-accented trim.

The mid-grade Ultimate B5 Bright adds 20-inch wheels, heated rear seats, a head-up display, heated steering wheel and more, while the Ultimate B5 Dark gets a higher-output engine, sports body kit, and 21-inch wheels.



Features exclusively standard on the range-topping Recharge Ultimate T8 Plug-in Hybrid – though optional on other models – include 22-inch wheels, a Bowers and Wilkins sound system, panoramic sunroof and rear privacy glass.

Powering B5 models is a 2.0-litre turbocharged four-cylinder petrol engine developing 183kW and 350Nm, mated to an eight-speed automatic gearbox and all-wheel drive for a 6.9-second 0-100km/h time, and claimed fuel use of 6.9 litres per 100km in mixed driving.

It’s fitted with a 48-volt mild-hybrid system, which claims to use a small battery and an ‘integrated starter-generator’ to save fuel under low loads, and improve performance under acceleration – however it’s a step short of a full Toyota-like hybrid system, or a plug-in hybrid.



B6 models add an electric supercharger to the 2.0-litre mild-hybrid engine, pushing outputs to 220kW and 420Nm, for a 6.2-second 0-100km/h time, and an 8.0L/100km combined fuel economy claim.

The flagship plug-in hybrid pairs a 233kW/400Nm 2.0-litre turbo four-cylinder powering the front wheels with a 107kW/309Nm electric motor at the rear, with an eight-speed automatic and an 18.8kWh battery.

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Volvo claims combined outputs of 340kW and 709Nm – but this is seemingly derived from adding the peak outputs of engine and electric motor together, even through they don’t produce their maximum outputs at the same point in the rev range.

Up to 81km of all-electric driving range is claimed, along with a 1.6L/100km fuel economy figure (derived from lab testing in combined driving, and a 4.8-second 0-100km/h time. 

Mild-hybrid petrol models offer space-saver spare wheels, weigh between 1830-1886kg and is rated to tow 2400kg braked, while the plug-in hybrid offers a tyre repair kit only (with no spare wheel), weighs 2146kg, and can tow 2250kg braked.

The 2023 Volvo XC60 range is on sale now. A full list of the standard and optional features available is included at the bottom of this story.



2023 Volvo XC60 Australian pricing:

  • XC60 Plus B5 – $72,990 (up $3500 vs B5 Momentum)
  • XC60 Ultimate B5 Bright – $79,990 (up $3500 vs B5 Inscription)
  • XC60 Ultimate B6 Dark – $85,990 (up $3500 vs B6 R-Design)
  • XC60 Recharge Ultimate T8 Plug-in Hybrid – $100,990 (up $3000)

Note: All prices exclude on-road costs.

2023 Volvo XC60 Plus B5 standard features:

  • LED headlights with cornering (or bending) functionality
  • LED fog lights (with bending) and tail lights
  • 19-inch alloy wheels (with space-saver spare wheel)
  • 9.0-inch infotainment touchscreen with Apple CarPlay, Google software (including Google Maps) and digital radio
  • 12-inch digital instrument cluster
  • Wireless smartphone charging
  • 10-speaker sound system
  • Four-zone climate control with cabin filter, humidity sensor
  • Power tailgate
  • Power-adjustable front seats with memory, four-way electric lumbar
  • Power-folding second-row headrests (new)
  • Moritz leather-accented upholstery in grey or beige/grey
  • Leather-look steering wheel (new material)
  • Exterior door handle illumination
  • Textile floor mats
  • USB-C charging ports (new)
  • Boot cargo net (new)
  • Rain-sensing wipers
  • Seven airbags (including driver’s knee)
  • Autonomous emergency braking (forward and reverse)
  • Adaptive cruise control with stop and go
  • Lane-keep assist
  • Pilot Assist assisted driving tech (lane centring)
  • Blind-spot monitoring
  • Rear cross-traffic alert
  • Front, side and rear parking sensors
  • 360-degree camera
  • Traffic sign recognition
  • Hill descent control

2023 Volvo XC60 Ultimate B5 Bright adds (over Plus B5):

  • 20-inch alloy wheels (with space-saver spare)
  • Head-up display
  • Heated front seats
  • Heated steering wheel
  • Crystal gear shifter
  • Faux leather-wrapped instrument panel
  • Upgraded cabin air filter

2023 Volvo XC60 Ultimate B6 Dark adds (over Ultimate B5 Bright):

  • 21-inch alloy wheels (with space-saver spare)
  • Sports exterior body kit
  • Nappa leather and textile trim a no-cost option
  • Removed vs 2022 B6 R-Design: Metal sports pedals

2023 Volvo XC60 Recharge Ultimate T8 Plug-in Hybrid adds (over Ultimate B6 Dark):

  • 15-speaker, 1460-watt Bowers and Wilkins premium sound system
  • Dual-zone climate control
  • Panoramic sunroof
  • Rear privacy glass
  • Tyre repair kit
  • Front LED fog lights deleted vs B6 Dark
  • Wool blend interior now as a no-cost option.

The Lifestyle Package is available with a Harman Kardon sound system for $3700 on the Plus B5, Ultimate B5 and B6 models, or with a Bowers and Wilkins sound system for $6100 on the Ultimate B5/B6 variants. It also adds a panoramic sunroof with both sound systems.

The Climate Package, available on the Plus B5 for $850, or all other models for $150, adds:

  • Headlight cleaners
  • Heated front seats (Plus B5 only; already standard on Ultimates)
  • Heated steering wheel (Plus B5 only; already standard on Ultimates)

Standalone options include:

  • Head-up display ($2000, Plus B5)
  • Adaptive air suspension ($2700 on Ultimate B5 and B6)
  • Bowers and Wilkins sound system ($4300, Ultimate B5 and B6)
  • Harman Kardon sound system ($1900, Plus B5 and Ultimate B5/B6)
  • Upgraded cabin filter ($530, Plus B5)
  • Rear privacy glass ($750, Plus B5 and Ultimate B5/B6)
  • Panoramic sunroof ($3250, Plus B5 and Ultimate B5/B6)
  • Massaging front seats ($1100, Ultimate models only)
  • Perforated nappa leather upholstery ($3150, four colour schemes on Ultimate B5, one scheme on Ultimate B6)
  • Headlight cleaners ($150, all models)
  • 20-inch alloy wheels ($3650, Plus B5)
  • 21-inch alloy wheels ($3650, Ultimate B5 Bright)
  • 22-inch alloy wheels ($5250 on Ultimate B5 Bright, $4200 on Ultimate B6 Dark and Recharge PHEV)

Available exterior colours include:

  • Black Stone (no cost)
  • Crystal White ($2050)
  • Onyx Black ($2050)
  • Denim Blue ($2050)
  • Fusion Red ($2050)
  • Thunder Grey ($2050)
  • Platinum Grey ($2050, new)
  • Silver Dawn ($2050, new)
  • Bright Dusk ($2050, new)

Alex Misoyannis

Alex Misoyannis has been writing about cars since 2017, when he started his own website, Redline. He contributed for Drive in 2018, before joining CarAdvice in 2019, becoming a regular contributing journalist within the news team in 2020. Cars have played a central role throughout Alex’s life, from flicking through car magazines as a young age, to growing up around performance vehicles in a car-loving family.

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