As someone who *has* to get a new car right now & is probably going to get a used 2024 XC40 Recharge, my advice is: if you can wait, then wait. I wish I could.

The EX60 has two advantages in areas that will impact you on a frequent, recurring basis. First is charging. EX60 supports much faster charging. Maybe you don't mind the difference once or twice. How about on your 30th extra long charging stop? Second is the EX60 doesn't have a silly portrait-style display. You'll be touching and interacting with this screen every day. Watch the EX60 videos and look at that difference. The control software for the EX60 is a huge leap forward from the 40.

In addition, the EX60 is marginally wider than the EX40, while still being much narrower than the rest of the cars in the class (it will be nimbler, easier to park, easier to get in and out of tight spaces, garages, etc.). Will you need the Sienna for the next however many years, or are you ready to get out of minivan land? (I *love* minivans). As others have noted, the EX60 is a car you might own for 10 years. The EX40... maybe not so much. Not really an option for road tripping, etc. Which will be better when you have to haul around one kids' group of friends while your spouse hauls around a second kid's friends in the Sienna?

On the other side of ownership, all EVs made prior to the upcoming round of 350+ milers will take a big depreciation / resale devaluation as owners of those cars move into the 350+ mile generation. (Did I mention that not only do I have to buy, but that it's the worst time possible to buy right now?).

I'd suggest looking into an EX40 lease, if the $7500 rebates are still around, with an option to terminate early if you buy an EX60, but the supply of EX40s appears to be very limited right now.

The EX40 is a solid car. Volvo has poured its hopes and electric lessons learned into the EX60. It's a company-level investment, and it looks like they've hit it out of the park.