Volvo · Small SUVs · Electric
Volvo EX40: MPG and annual fuel cost, 2026
The Volvo EX40 is an electric model rated at 106 MPGe combined, using 31.7 kWh per 100 miles, with up to 296 miles of electric range; in its class it is tied for 16th of 113 small SUVs, in the top quarter.
- 106MPGe combinedtied 16th of 113 in class
- $700a year in fueltied 12th of 113 in class
- 0g/mile CO2
Where it stands
Compared only with the electric models of its class it is tied for 16th of 24 electric small SUVs, in the lower half. The median of that narrower group is 111.5 MPGe, against 29 MPGe for all small SUVs together.
Among all electric models of the year, regardless of size, it is tied for 27th of 66 electric models, in the upper half.
Within the 12 Volvo models rated for 2026 it is tied for 2nd on combined rating; the median of the make's line-up is 27.5 MPGe.
In its class, just ahead of it is the Chevrolet Equinox Electric at 108 MPGe and just behind it is the Porsche Macan Electric at 105 MPGe.
Electric models use no fuel and have no tailpipe CO2. Efficiency is given in MPGe, the miles driven on 33.7 kilowatt-hours of electricity, which is the energy in one gallon of gasoline. The annual cost is electricity at $0.15 per kWh.
Fuel cost and CO2
At 15,000 miles a year with 55% of them in the city, with electricity at $0.15 per kWh, the annual fuel bill of the most efficient version is about $700. That is $1,600 less than the small SUVs median of $2,300, which makes it tied for 12th of 113 small SUVs, in the top quarter.
It has no tailpipe emissions, so the CO2 column is zero; the emissions from making the electricity are not part of this figure.
Rated versions
The city rating of 118 is 24 above the highway rating of 94. 2 versions are rated for 2026. The most efficient, EX40: electric motor, Automatic (A1), RWD, gets 106 MPGe; the least efficient listed, EX40 Twin: electric motor, Automatic (A1), AWD, gets 94 MPGe, a gap of 12 MPGe. With the file's assumptions that gap is worth about $100 a year in fuel.
| Version | Combined MPG | City MPG | Highway MPG | Annual fuel cost | CO2 g/mile | Electric range |
|---|---|---|---|---|---|---|
| EX40: electric motor, Automatic (A1), RWD | 106 | 118 | 94 | $700 | 0 | 296 |
| EX40 Twin: electric motor, Automatic (A1), AWD | 94 | 103 | 85 | $800 | 0 | 260 |
Year by year
The Volvo EX40 is in the data for 2 of the 8 model years from 2019 to 2026. The headline rating did not move between 2025 and 2026: 106 MPGe both times.
| Model year | Versions | Best MPG | Lowest MPG | Fuel cost | CO2 g/mi | Class median |
|---|---|---|---|---|---|---|
| 2026 | 2 | 106 | 94 | $700 | 0 | 29 |
| 2025 | 2 | 106 | 94 | $700 | 0 | 29 |
Similar models
| Model | Powertrain | Combined MPG | Annual fuel cost | Model year |
|---|---|---|---|---|
| Porsche Macan Electric | Electric | 105 | $700 | 2026 |
| Ford Mustang Mach-E | Electric | 110 | $700 | 2026 |
| Nissan ARIYA | Electric | 101 | $750 | 2026 |
| Kia Niro Electric | Electric | 113 | $700 | 2026 |
| Volkswagen ID.4 | Electric | 113 | $650 | 2026 |
Compare and rank
Rankings: Small SUVs, Electric, Volvo, Electric small SUVs.
Data: US EPA and DOE, as prepared in methods and data.