MPGe is the distance a car covers on 33.7 kWh, the energy in a gallon of gasoline. Across 2 EPA ratings of the EX40 since 2025 it has averaged 106 MPGe, and the 2026 model beats the 99.7 MPGe average of other electric cars rated 2024–2026. The EPA's own annual figure for it is $700.
Every Volvo EX40 version, compared
The Volvo EX40 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 | 118 / 94 | 2025–2026 | $649 |
What that actually costs
Against its rivals in the same model years, the Genesis GV70 is rated 93.5 MPGe, the Ford Mustang Mach-E 110 MPGe and the Cadillac Lyriq 92 MPGe, next to 106 MPGe for the 2026 EX40.
| Measure | Value |
|---|---|
| Energy use (2026) | 31.8 kWh per 100 miles |
| Cost per mile | $0.054 |
| Charging per year | $649 |
| Charging over five years | $3,245 |
| Against other Electric cars, 2024–2026 | −$41 a year |
| EPA's own estimate | $700 a year |
City or highway — who is this car for
The 2026 Volvo EX40 does better in town than out of it: 118 in the city against 94 on the highway, $149 a year in favor of city driving.
| Measure | Value | Reading |
|---|---|---|
| City (2026) | 118 MPGe | $583 a year if you only drive in town |
| Highway | 94 MPGe | $732 a year if you mostly commute |
| Gap | -24 MPGe (-20%) | Reversed — it does better in town than on the open road |
How the EX40 changed over the years
Combined figure across the 2 model years the EX40 was rated in, all of them at 106 MPGe.
| Model year | Combined MPGe | City / Highway | Versions offered | Charging per year |
|---|---|---|---|---|
| 2026 | 118 / 94 | 1 | $649 | |
| 2025 | 118 / 94 | 1 | $649 |
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 2 EPA ratings of the Volvo EX40 — 1 engine across 2025–2026. 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 $700. Full method.
Frequently asked questions
What is the 2026 Volvo EX40 rated at?
106 MPGe combined, 118 city and 94 highway, per EPA. Across every year since 2025 the EX40 has averaged 106 MPGe.
Is the 2026 EX40 more efficient than the 2025?
About the same: 106 against 106 MPGe combined.
Does the EX40 get better efficiency than the Genesis GV70?
Yes: 106 MPGe for the 2026 EX40 against 93.5 for the 2026 Genesis GV70, about $85 a year less to run.
Mark ForCar as a preferred source and our data shows up first in your Google results. One click, no account.