MPGe is the distance a car covers on 33.7 kWh, the energy in a gallon of gasoline. Across 3 EPA ratings of the C40 since 2022 it has averaged 93.7 MPGe, and the 2024 model beats the 100 MPGe average of other electric cars rated 2022–2024. The EPA's own annual figure for it is $800.
Every Volvo C40 version, compared
The Volvo C40 was rated in a single specification, so its consumption does not vary by version — only by model year. Yearly cost assumes 12,000 miles at $0.17 a kilowatt-hour.
| Version | Combined MPGe | City / Highway | Years | Charging per year |
|---|---|---|---|---|
| Electric | 102 / 85.3 | 2022–2024 | $734 |
What that actually costs
Against its rivals in the same model years, the Tesla Model Y is rated 122.7 MPGe, the Porsche Macan 98.5 MPGe and the Genesis GV70 91 MPGe, next to 107 MPGe for the 2024 C40.
| Measure | Value |
|---|---|
| Energy use (2024) | 31.5 kWh per 100 miles |
| Cost per mile | $0.054 |
| Charging per year | $643 |
| Charging over five years | $3,215 |
| Against other Electric cars, 2022–2024 | −$44 a year |
| EPA's own estimate | $800 a year |
City or highway — who is this car for
The 2024 Volvo C40 does better in town than out of it: 118 in the city against 96 on the highway, $133 a year in favor of city driving.
| Measure | Value | Reading |
|---|---|---|
| City (2024) | 118 MPGe | $583 a year if you only drive in town |
| Highway | 96 MPGe | $716 a year if you mostly commute |
| Gap | -22 MPGe (-19%) | Reversed — it does better in town than on the open road |
How the C40 changed over the years
The C40 peaked in 2024 at 107 MPGe (118 city, 96 highway) and was at its thirstiest in 2023 at 87 — 20 MPGe apart, or $146 a year in charging between buying one year and the other. The 2024 model gains 20 MPGe against 87 for the 2023.
| Model year | Combined MPGe | City / Highway | Versions offered | Charging per year |
|---|---|---|---|---|
| 2024 | 118 / 96 | 1 | $643 | |
| 2023 | 94 / 80 | 1 | $789 | |
| 2022 | 94 / 80 | 1 | $789 |
MPG is a number. Dollars per year is the answer.
- Fuel profile built from your actual mileage and local prices
- Fuel tracker: what you really spend, month by month
- Insurance and fuel folded into 5-year cost to own
- Compare any two cars on total cost, not sticker price
- No ads, no tracking — and much more
How we count
This page rests on 3 EPA ratings of the Volvo C40 — 1 engine across 2022–2024. The mileage is EPA's laboratory figure, unchanged; the yearly bill is ours, at 12,000 miles and $0.17 a kilowatt-hour, against EPA's own estimate of $800. Full method.
Frequently asked questions
What is the 2024 Volvo C40 rated at?
107 MPGe combined, 118 city and 96 highway, per EPA. Across every year since 2022 the C40 has averaged 93.7 MPGe.
Is the 2024 C40 more efficient than the 2023?
Yes: 107 against 87 MPGe combined, about $146 a year less to run.
Which C40 year has the best efficiency?
The 2024, at 107 MPGe combined (118 city, 96 highway), which is also the latest model year we hold.
Does the C40 get better efficiency than the Tesla Model Y?
No: 107 MPGe for the 2024 C40 against 122.7 for the 2025 Tesla Model Y, about $82 a year more to run.
Mark ForCar as a preferred source and our data shows up first in your Google results. One click, no account.