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Volvo XC40 Recharge
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2024 Volvo XC40 Recharge

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3.2
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2024
2023
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Electric Variation Available

EV Range
254 - 293 miles
Charge Time (240V)
8 hours
0-60
4.6 - 6.9 seconds
Battery Capacity
82 - 85 kWh
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Calculate Your Annual Fuel Cost Savings

Electric ($0.16/kWh)
vs
Gas ($3.45/gal)
Edit
Fuel Savings
$862
/yr
Actual results will vary according to driving conditions, driving styles, vehicle maintenance. Cost estimates are based on 109MPGe vs 25.4 MPG, the estimated cost per gallon of gasoline of $3.45, and the estimated cost of electricity per kilowatt-hour of $0.16.

2024 Volvo XC40 Recharge Review

Colin Ryan

By Colin Ryan

Updated June 28, 2024

Colin Ryan specializes in writing about new cars. He has done this for the Los Angeles Times, Variety, Kelley Blue Book, Autotrader, Popular Mechanics, Mazda and Lexus customer magazines, plus a bunch of enthusiast sites and publications. And he spent several years as a staff writer at BBC Top Gear magazine. During this zig-zag of a career trajectory, he has driven everything from budget Malaysian hatchbacks (yes, they exist) to scarily expensive Italian exotica.

Pros

  • Up to 293 miles of range
  • Top safety scores
  • Stylish inside and out

Cons

  • Looks just like the gasoline-only version?

What's New?

  • New rear-drive version
  • Improved range
  • Standard equipment changes

The 2024 Volvo XC40 Recharge is an all-electric subcompact luxury SUV with both style and substance. And a new single-motor version has an impressive range of 293 miles. Pricing starts at $53,645.

The 2024 Volvo XC40 Recharge is an all-electric subcompact luxury SUV with both style and substance. And a new single-motor version has an impressive range of 293 miles. Pricing starts at $52,450.

There’s a gasoline-powered XC40, and there’s this, the Recharge, which is propelled solely by electrons. Both vehicles share the same platform, which also underpins the coupe-like C40 Recharge electric vehicle (EV).

This year, Volvo has extended the XC40 Recharge’s maximum range figure to 293 miles by way of a new single-motor powertrain. The twin-motor version, meanwhile, sees its range increase to 254 miles — an improvement of 31 miles over last year, which it needed if it was going to be a credible contender against rivals like the Audi Q4 e-tron (265 miles) and Mercedes-EQ EQB (250 miles). That said, the Tesla Model Y still rules this particular roost with a maximum of 330 miles.

Nevertheless, the 2024 XC40 Recharge comes with a lot of standard safety equipment, enjoys excellent build quality, and comes with a major car company’s backing and other advantages.

The gasoline-powered Volvo XC40 and the slinkier C40 Recharge each have separate reviews.

What's New for 2024

This latest model year marks the arrival of a single-motor version with rear-wheel drive and a fairly impressive range of 293 miles. The all-wheel-drive twin-motor version has its range increased to 254 miles.

The midlevel Plus trim gains a cabin air purifier, and the top-tier Ultimate receives pixel technology headlights with cornering lights. There are also some new colors, along with fresh designs of the 19-inch alloy wheels on the Core and Plus versions.

2024 Volvo XC40 Recharge Pricing

The 2024 Volvo XC40 Recharge has a starting sticker price of $53,645, with the range-topping XC40 Recharge Ultimate kicking off at $59,995. But Kelley Blue Book Fair Purchase Pricing currently suggests paying $3,724 to $4,657 less than MSRP, depending on trim and equipment. These prices are updated weekly.

MSRP
KBB Fair Purchase Price (national avg.)
$53,645
$48,988
$56,595
$52,871
$59,995
$55,429

Rivals include the Audi Q4 e-tron and Tesla Model Y, both starting in the $50K region. The Mercedes-EQ EQB kicks off in the mid-$50s. And the Genesis GV60 is more like $60K.

Before buying a new Volvo XC40 Recharge electric SUV, check the Kelley Blue Book Fair Purchase Price to know what you should pay. The XC40 Recharge enjoys respectable resale values, slightly stronger than the Q4 e-tron, for example.

Driving the Volvo XC40 Recharge

The new single-motor powertrain of the all-electric 2024 XC40 Recharge SUV makes 248 horsepower and, more importantly, 310 lb-ft of torque. Torque creates thrust, which is better perceived and appreciated in everyday driving.

A great attribute of electric motors is the ability to deliver torque from a virtual standstill. So the single motor can accelerate from 0 to 60 mph in less than 7 seconds, which is brisk even if it’s not breathtaking. And if anyone is concerned about the unusual (for Volvo) rear-wheel-drive layout and the possibility of losing the tail end when cornering quickly or making an evasive maneuver, we say don’t worry. This car comes from a company renowned for its “safety first” approach.

The twin-motor version comes with a slightly different setup than last year, with the happy outcome that torque is increased by a smidge (technical term; actually 8 lb-ft) and range improves to 254 miles. The sprint to 60 mph takes around 4.5 seconds, thanks to the standard all-wheel-drive system’s ability to apply power to the road. Nor does it run out of punch at higher speeds, thanks to 402 horsepower. If that amount of muscle were in a combustion-powered car, fuel bills would be high.

In both versions, the weight of the battery pack is offset by placing it below the floor, keeping the center of gravity nice and low for stability.

Well-Designed Interior

Volvo has achieved conflicting objectives with the XC40 Recharge electric SUV. It has created a useful amount of space in a subcompact footprint. Plenty of storage areas manage to fit within a clean and uncluttered design. And comfort coexists with style and technology. Volvo offers tailored wool blend upholstery with the Ultimate trim for those who would rather not have leather.

There’s been no compromise by making this version of the XC40 all-electric. There’s the same amount of space for occupants and cargo as the gasoline-powered counterpart. Actually, this Recharge adds another storage area under the hood, ideal for accommodating the charging cable.

The rear legroom of 36.1 inches is merely passable. Not as good as the Audi Q4 e-tron’s 37.2 inches or the Tesla Model Y’s 40.5 inches (the Model Y is six inches longer, though). The luggage area measures 16 cubic feet. Folding the rear seats down creates 57.5 cubic feet of cargo space. Again, this figure lags behind the Tesla Model Y’s but inches past the Audi Q4 e-tron’s capacity.

Our Favorite Features and Tech

Google Built-In
This standard Google-based infotainment system uses Google Maps for navigation, allows users to download other apps from the Google Play store, has the ability for over-the-air updates, and can be controlled using natural speech. Yes, it’s an Android-fest, but standard Apple CarPlay allows the integration of iPhones as well.

Digital driver information display
Exactly what a modern electric car should have, a 12.3-inch configurable display capable of providing all sorts of specialized information. Another standard feature in every new XC40 Recharge.

One-pedal driving
One-pedal driving is where the (selectable) level of brake energy regeneration is strong enough to slow the vehicle down without the driver having to press the brake pedal. It’s all done by varying the pressure on the accelerator pedal. It soon becomes second nature and great to have in frenetic city traffic.

Pilot Assist
In tandem with adaptive cruise control, Pilot Assist makes small steering inputs to keep the XC40 Recharge in its desired lane. This doesn’t add up to hands-free driving but cuts down on fatigue during long freeway stretches. It’s standard equipment in the Ultimate trim.

Climate pack
This includes a heated steering wheel, heated rear outboard seats, and a heat pump (transferring warmth from the drivetrain into the cabin). It’s an optional bundle for the Core or Plus models and is standard with the Ultimate version.

Pixel technology headlights with active bending lights
Multiple LEDs provide superb and safe illumination yet won’t dazzle other drivers. Active bending lights move with the steering to shine into the next corner. These features are newly standard in the top Ultimate trim.

Power, Range and Charging

Rear-Wheel Drive (RWD)
New this year, the single-motor version of the 2024 XC40 Recharge places its one electric motor on the back axle to make this a rare animal — a rear-wheel-drive Volvo. Output is 248 horsepower and 310 lb-ft of torque. That’s a little more than its fossil-fuel counterpart. Maximum range is 293 miles. A larger-capacity battery than the twin-motor version results in a fairly brisk charging time of 28 minutes to go from 10% to 80% using a DC fast charger.

All-Wheel Drive (AWD)
This year sees a modified drivetrain going into the Twin Motor model. Instead of identical units on both axles, the front has slightly less power than before, while the rear has more. The combined output is 402 horsepower and 494 lb-ft of torque. For the sake of efficiency, the front motor only comes into play when necessary. This version’s maximum range is 254 miles. Using the 10%-to-80% metric, the charging time is 37 minutes.

Single Motor
248 horsepower
310 lb-ft of torque
EPA combined fuel economy: 106 MPGe (118 city, 95 highway)
EPA-estimated range: 293 miles

Twin Motor
Dual electric motors
402 total horsepower
494 lb-ft of total torque
EPA combined fuel economy: 99 MPGe (106 city, 91 highway)
EPA-estimated range: 254 miles

Safety Ratings

The XC40 Recharge has received a Top Safety Pick+ commendation from the Insurance Institute for Highway Safety (IIHS) and the maximum 5-star overall score from National Highway Traffic Safety Administration (NHTSA).

4-Year/50,000-Mile Warranty

Volvo’s new-vehicle warranty lasts four years or 50,000 miles, whichever happens first. The battery is covered for eight years or 100,000 miles. These are all typical for the luxury electric vehicle (EV) sector.


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2024 Volvo XC40 Recharge
KBB.com Consumer Reviews

3.2
Consumer Rating
Based on 6 Consumer Reviews
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5
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5
50%
4
0%
4
0%
3
0%
3
0%
2
17%
2
17%
1
33%
1
33%
Value
5.0
Performance
5.0
Quality
5.0
Comfort
5.0
Reliability
5.0
Styling
5.0

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2024 Volvo XC40 Recharge Styles

Style
Price
EV Range
Charge Time
0-60
Battery Capacity
Combined MPGe
Horsepower
Cargo Capacity
Curb Weight
Core
$50,592
254 - 293 miles
8 hours
4.6 seconds
85 kWh
254 - 293 MPGe
402 hp
57.5 cu ft
4650 lbs
Plus
$54,505
254 - 293 miles
8 hours
4.6 seconds
85 kWh
254 - 293 MPGe
402 hp
57.5 cu ft
4650 lbs
Ultimate
$57,046
254 - 293 miles
8 hours
4.6 seconds
85 kWh
254 - 293 MPGe
402 hp
57.5 cu ft
4650 lbs
See Full Specs for All 2024 Volvo XC40 Recharge Styles
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2024 Volvo XC40 Recharge Cost to Own

$64,649
A 2024 Volvo XC40 Recharge has a 5-year cost-to-own of $64,649. After 5 years a 2024 XC40 Recharge will depreciate $35,636 and have a residual value of $18,009. During this time out-of-pocket expenses are expected to total $29,013.
Personalize your 5-Year Cost to Own data by logging in.
Lower Costs than Most

The 2024 Volvo XC40 Recharge is in the top 11-25% for Cost to Own among all Luxury Compact SUV/Crossovers.

2024 Volvo XC40 Recharge 5-Year Depreciation: $35,636
2024 Volvo XC40 Recharge
Compare up to 3 vehicles by logging in.
5-Year Out of Pocket Expenses:$29,013
See New Car Incentives
Fuel:
$2,839
Insurance:
$12,480
Financing:
$6,219
State Fees:
$3,564
Maintenance:
$2,074
Repairs:
$1,837
Total: $29,013
See New Car Incentives
2024 Volvo XC40 Recharge Cost to Own
5-Year Cost to Own includes out of pocket expenses like fuel, insurance, service & financing, plus the car's loss in value over time (depreciation).
5-Year Depreciation:$35,636
5-Year Out of Pocket Expenses:$29,013

5-Year Cost To Own$64,649
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Specifications

Dimensions, Weights & Capacities

Curb Weight
4454 lbs.
Front Head Room
37.6 inches
Front Leg Room
40.9 inches
Max Seating Capacity
5
Minimum Ground Clearance
7.1 inches
Overall Length
174.8 inches
Front Shoulder Room
56.7 inches
Towing Capacity, Maximum
2000 lbs.
Trunk or Cargo Capacity
57.5 cu.ft.
Turning Diameter
37.4 feet
Wheel Base
106.4 inches
Width with mirrors
80.1 inches

Exterior

Alloy Wheels
Available
Number of Doors
4 doors
Privacy Glass
Available
Roof Rails
Available
LED Headlights
Available
Rear Spoiler
Port Installed

Fuel Economy

City
118 MPGe
Combined
106 MPGe
Highway
95 MPGe

Mechanical

Drivetrain
RWD
1 speed
Available
Hill Descent Control
Available
Hill Start Assist
Available
Parking Assist System
Available

Performance

Horsepower
248 hp
Torque
310 foot pounds
Engine
Electric Motor
Estimated Electric Range
293 miles
Charge Time (240V)
8 hours
Battery Capacity
82.00 kwh
0 to 60
6.9 seconds

Warranty

Basic
4 years / 50000 miles
Powertrain
4 years / 50000 miles
Corrosion
12 years / Unlimited miles

Comfort & Convenience

  • Heated Steering Wheel

Entertainment

  • Premium Radio
  • Satellite Radio
  • Bluetooth Streaming Audio

Interior

  • Leather-Wrapped Steering Wheel
  • Power Windows
  • Steering Wheel Controls
  • Tilt Steering Wheel
  • Tilt/Telescoping Steering Wheel

Seating

  • Heated Seats
  • Heated Rear Seats
  • Power Driver's Seat

Technology

  • Bluetooth Wireless Technology
  • Cruise Control
  • Hands Free Phone
  • Navigation System
  • Remote Keyless Entry
  • Proximity Sensing Keyless Entry
  • Push-Button Engine Start
  • Smartphone Interface
  • Touch Screen Monitor
  • USB Port
  • Voice Recognition System

2024 Volvo XC40 Recharge Safety

2024 Volvo XC40 Recharge Safety Technology

Forward collision warning

This is standard in every new XC40 Recharge. It includes pedestrian and cyclist detection, plus automatic emergency braking.

Blind Spot Information System (BLIS)

Volvo was one of the first car companies to introduce this technology, as it has with other safety systems. Most of us know it as blind-spot monitoring, warning drivers of nearby vehicles in other lanes. This standard setup also includes rear cross-traffic alert, steering assistance, and automatic emergency braking.

Oncoming Lane Mitigation

This prevents the driver from crossing the dividing line by adding some steering assistance — yet another standard feature.

Compare to Similar Vehicles

New 2024
Volvo XC40 Recharge
New 2025
Audi Q4 e-tron
New 2025
Audi Q4 Sportback e-tron
New 2025
Genesis GV60
See Details
Price
$53,645
$63,095
$66,095
$53,800
KBB.com Rating
4.5
4.5
4.5
4.5
Consumer Rating
3.2
3.7
3.0
5.0
Fuel Economy
City 118/Hwy 95/Comb 106 MPGe
City 107/Hwy 92/Comb 100 MPGe
City 125/Hwy 104/Comb 115 MPGe
City 125/Hwy 99/Comb 112 MPGe
Fuel Type
ElectricLeafIcon
N/A
N/A
N/A
5 Year Cost To Own
5-Year Cost to Own includes out of pocket expenses like fuel and insurance, plus the car’s loss in value over time (depreciation).
$64,649
$83,597
N/A
N/A
Estimated EV Range
293 miles
258 miles
258 miles
294 miles
Safety Rating
N/A
5.0
5.0
N/A
Seating Capacity5555
Basic Warranty
4 years or 50000 miles
4 years or 50000 miles
4 years or 50000 miles
5 years or 60000 miles
0-60
6.9 seconds
N/A
5 seconds
N/A
Horsepower
248 HP
335 HP
335 HP
225 HP
Engine
Electric Motor
Dual AC Electric Motors
Dual AC Electric Motors
Electric Motor
Drivetrain
RWD
AWD
AWD
RWD

Best EVs

The 2024 Volvo XC40 Recharge was ranked one of the Best Luxury Electric SUVs by KBB.com’s in-house editors based on performance, reliability, safety and more. Check out the entire list of Best Luxury Electric SUVs to see how it compared to the competition. Read how we rate cars
#1

Best Luxury Electric Suvs

#1
2025 Audi Q4 e-tron
#1
2025 Audi Q4 Sportback e-tron
#1
2025 Genesis GV60
#1
2024 Volvo XC40 Recharge
See All Best Luxury Electric Suvs

More Volvo XC40 Recharge News & Information

General
Cold-Weather Testing Shows EV Range Loss of 14% to Much More

The best performers in testing lost just 14% of their range in the cold – better performance than most internal combustion engines.

Sean Tucker February 17, 2025
Electric Vehicle
Volvo to Offer Cheaper C40 Recharge, Refreshed XC40 Recharge

Volvo’s two all-electric models are getting an update. Neither has been on the road long, but the Swedish automaker has…

Sean Tucker March 07, 2022
Electric Vehicle
A List of Electric SUVs and Their Cargo Space

For many, the allure of the SUV has to do with the amount of storage that the larger vehicle bestows…

Roberto Baldwin February 02, 2022

FAQs

Is the 2024 Volvo XC40 Recharge a good buy?

The 2024 Volvo XC40 Recharge is a good buy for most Electric Vehicle shoppers. It gets strong ratings from our experts and most buyers are paying less than sticker price.

How much should a 2024 Volvo XC40 Recharge cost?

A 2024 Volvo XC40 Recharge should cost between $48,988 and $55,429 according to Kelley Blue Book Fair Purchase Pricing.

What's the cheapest Volvo XC40 Recharge?

The cheapest 2024 Volvo XC40 Recharge is the Core, with a starting sticker price of $53,645 and a Kelley Blue Book Fair Purchase Price of $48,988.

Is the 2024 Volvo XC40 Recharge reliable?

The 2024 Volvo XC40 Recharge is part of the 1st-generation XC40 Recharge, which our owners give an above-average reliability rating of 5 out of 5.

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