Volvo EX40What does it cost to run?
About $11.73–$17.88 a week to charge at home for 250 km. That's the Volvo EX40 Ultra Single Motor, cheapest in Tasmania and dearest in South Australia. A full charge of its 79 kWh battery costs $19.59 to $33.10 at home.
Charging
Battery79 kWhRange (claimed)520 kmHome wall charger11 hoursPower point33 hoursFast charge, max136 kWPerformance
0–100 km/h7.3 sPower175 kWTorque420 NmDriveRWDPrice
From$69,990 + on-roads (estimate)Charging times are from empty to full and approximate. Is 520 km enough for how you drive? Work out how much range you need › Fast charging away from home costs more than charging at home. What each public charging network charges › Towing: rated to tow 1,500–1,800 kg braked, depending on the version. Confirm the exact car's rating before you tow. Towing with an EV: range, tow ball limits and every car's rating › Maker's claimed figures. A dash means the figure isn't published for the Australian version.
Photo: Alexander-93, CC BY-SA 4.0, via Wikimedia Commons. May show an overseas version or a related model.
Running costsAbout $15.00 a week in NSW · cheapest in TAS ($11.73)
What would it cost you?
Your detailsYour state · 250 km a weekChange
Your new solar system
Panels power your house as well as the car, so we only add the car's part of the cost.
Your current car
About the solar figure: it's an average. Cloudy days, winter and charging at night all mean more power from the grid, so your real cost will vary through the year.
Fine-tune the numbers
Costs in every state
Per week assumes 250 km with 90% of charging at home. Cheapest state in green. *Per year assumes 15,000 km, all home charging.
Volvo EX40 Ultra Single Motor
| State | Full charge | Per week | Per year* |
|---|---|---|---|
| NSW | $26.78 | $15.00 | $814 |
| Victoria | $22.44 | $13.02 | $682 |
| Queensland | $22.12 | $12.88 | $672 |
| South Australia | $33.10 | $17.88 | $1,006 |
| WA | $26.31 | $14.79 | $799 |
| Tasmania | $19.59 | $11.73 | $595 |
| ACT | $29.23 | $16.12 | $888 |
| NT | $23.78 | $13.64 | $722 |
Volvo EX40 Ultra Twin Motor
| State | Full charge | Per week | Per year* |
|---|---|---|---|
| NSW | $26.78 | $17.63 | $956 |
| Victoria | $22.44 | $15.30 | $801 |
| Queensland | $22.12 | $15.13 | $790 |
| South Australia | $33.10 | $21.01 | $1,182 |
| WA | $26.31 | $17.38 | $939 |
| Tasmania | $19.59 | $13.78 | $699 |
| ACT | $29.23 | $18.94 | $1,043 |
| NT | $23.78 | $16.02 | $849 |
Want to pay less than this? Compare EV electricity plans with cheap overnight rates, or see how to cut your charging bill ›
Compare versionsUltra Single Motor vs Ultra Twin Motor side by side · 400–520 km range · fast charging 136–149 kW
Charging times are from empty to full and approximate.
| Variant | Price | Battery | Claimed range | Full charge, home wall charger | Full charge, power point | Max fast charge |
|---|---|---|---|---|---|---|
| Ultra Single Motor | $69,990 + on-roads (estimate) | 79 kWh | 520 km | 11 hours | 33 hours | 136 kW |
| Ultra Twin Motor | $74,990 + on-roads (estimate) | 79 kWh | 400 km | 11 hours | 33 hours | 149 kW |
Is 520 km enough for how you drive? Work out how much range you need ›
Fast charging away from home costs more than charging at home. What each public charging network charges ›
Towing: rated to tow 1,500–1,800 kg braked, depending on the version. Confirm the exact car's rating before you tow. Towing with an EV: range, tow ball limits and every car's rating ›
Performance
Maker's claimed figures. A dash means the figure isn't published for the Australian version.
| Variant | 0–100 km/h | Power | Torque | Drive |
|---|---|---|---|---|
| Ultra Single Motor | 7.3 s | 175 kW | 420 Nm | RWD |
| Ultra Twin Motor | 4.8 s | 300 kW | 670 Nm | AWD |
Owning one5-year cost from $84,055 · track record: Established · 5 yrs / unlimited km warranty
250 km a week in NSW, mostly charged at home. Scheduled service every 12 months or 15,000 km, averaging about $350 a visit (estimate, as pricing for this model is not yet published). Warranty: 5 yrs / unlimited km.
| Variant | On the road* | Home charger | Charging / yr | Servicing / yr | Tyres / yr | 5-year total |
|---|---|---|---|---|---|---|
| Ultra Single Motor | $73,990 | $2,000 | $780 | $350 | $483 | $84,055 |
| Ultra Twin Motor | $78,990 | $2,000 | $917 | $350 | $483 | $89,738 |
What do "on the road" and "cost to own" mean?
Before on-road costs (+ on-roads): the car's list price only. You pay extra government charges and dealer fees on top when you buy.
On-road costs: stamp duty, first year's registration, compulsory third party (CTP) insurance, number plates and the dealer's delivery fee. They usually add $3,000–6,000 depending on the car and your state. Where a price is "before on-roads" we add about $4,000. See stamp duty and rego by state.
Drive-away: a price that already includes the on-road costs, so it's what you actually pay to drive the car home.
On the road price: the drive-away price, or the list price plus our on-road estimate.
Cost to own: everything you'd spend over the years you keep the car (5 unless you change it): the on the road price, plus a home wall charger for EVs (about $2,000, one-off), plus charging or fuel, scheduled servicing and tyres for every year. Divide it by the number of weeks to see what the car really costs you each week.
Match score (Pick my car): this is about fit, not quality. Each car that fits your answers is compared only with the other cars that fit, on eight things, and a car that does something less well than the others in that group scores lower on it, even if it's good at it. Change your budget or answers and the group changes, so the scores do too. The eight things: how much car the money buys (price, 20%), ANCAP safety rating (15%: a current rating counts in full, an expired one less, and a car ANCAP hasn't rated counts as middling), range (15%), performance (0–100 km/h, or power where no time is published, 10%), fast-charging speed (peak DC kW, 10%), warranty length (10%, with the battery warranty counted for cars that plug in), servicing and tyre costs (15%), and recalls and track record (5%: major recalls in Australia on our list count against a car (our recall list covers the bigger, well-reported ones, so a clean record here is not a guarantee), and models sold here for longer get a little credit). A figure we don't have counts as middling, not as bad. "Most car for my budget" ranks by this match score; "Lowest cost to own" ranks by cost and uses the score only to split near-ties.
Not included: yearly rego renewals and insurance after the first year (see what EVs and hybrids cost to insure), finance interest, and what the car is worth when you sell it. These vary too much by person and car to estimate fairly, and resale value is the biggest unknown, especially for newer brands.
Insurance isn't included above. See what EVs and hybrids cost to insure and get quotes before you buy.
Thinking of a novated lease? See what the EX40 would cost you on a lease, and how it compares with a car loan or paying cash.
Compare the Volvo EX40 with other cars
In our rankings: No. 21 of 59 EVs for towing · No. 35 of 39 small EVs · No. 54 of 119 cheapest EVs to run
Savings on the EX40
Novated lease: qualifies. Every version is under the $91,661 limit, so it's free of fringe benefits tax, and under $75,000, so it keeps the full exemption under the changes proposed from April 2027.
See your lease saving on the EX40 ›
Rebates: no state offers a purchase rebate on new EVs in 2026. Where an EV still costs less to put on the road:
- Queensland: 2% stamp duty on EVs up to $100,000 instead of 3% for a typical petrol car, about $700 less on the cheapest EX40.
- NT: free rego for EVs until 30 June 2027.
- ACT: cheaper emissions-based rego for zero-emission cars.
Everywhere else you pay the same stamp duty and rego as a petrol car. Rules change often, so check with your state before you buy: stamp duty and rego by state · how the lease tax break works.
Reliability and track record
How we rate: under 2 years on sale here is "Too new to tell". A widely reported fault or repeated recalls is "Known issues". Otherwise it's "Established". We list documented problems with a source, not opinions. Single recalls that were fixed are listed but don't change the rating, as most models have some.
The Volvo EX40 has been on sale here for 5 years and our checks so far haven't turned up any widely reported faults. Like every car, it may still have had recalls, so check the official list.
About Volvo
The Swedish brand has been owned by China's Geely since 2010, though it's still run from Sweden. Sister brands: Geely, Zeekr, Polestar, Lotus, Smart. Who owns which car brand.
Buying usedUsed ones from about $31,100 · recalls, prices by year, new vs nearly new
Buying a used Volvo XC40 Recharge (EX40)
The saving compares the cheapest new version with the low end of the typical used range (base versions). Used ranges span all versions sold that year, and *new prices before on-roads include about $4,000 on-road costs. Running costs are about the same if the version is the same.
New or nearly new?
A base 2023 car costs about $31,300 (42%) less than the cheapest new one, with about 2 years of warranty left. That's a strong case for buying nearly new, though the new version has changed.
Prices by year
Typical prices by year (November 2026, carsales). They span the versions sold that year; condition and kilometres move the price a lot.
- 2021–23 twin motor: 418 km range (claimed), 150 kW fast charging (CCS2).
2021: $34,500–$41,100 · 2022: $31,100–$44,400 · 2023: $42,700–$52,600
Battery warranty: 8 yrs / 160,000 km, counted from when the car was first sold. Check how much is left.
Recalls in Australia (2)
All have a free fix. Check each was done: enter the VIN at vehiclerecalls.gov.au or ask a dealer.
- Safety Front suspension ball joint may be fitted wrongly. (2022–23, REC-005727)
- Safety Passenger seat bolts may be loose. (2023, REC-006080)
Check before you buy
- Twin-motor cars are thirsty for an EV (about 20 kWh/100 km): fine at home, pricier on public chargers.
- Ask for a battery health report (state of health): how to check the battery. Take our used EV checklist too.
Full used Volvo XC40 Recharge (EX40) guide Is it a fair price?
Or let Pick my used car rank the options for your budget.
Road tripsCharging stops and costs on big Australian trips
Using the Ultra Single Motor's highway range of about 390 km. Tap a trip for the stops and costs.
RivalsToyota bZ4X Touring, Mini Countryman Electric, Audi Q4 e-tron
ToyotabZ4X Touring$69,990 · $14.54/wk
MiniCountryman Electric$68,990 · $13.13/wk
AudiQ4 e-tron$71,650 · $14.07/wkSee all four side by side in Compare ›
More on rivals: head-to-heads and what's coming
Volvo EX40 head to head
- Volvo EX40 vs Kia EV6
- Volvo EX40 vs Hyundai Ioniq 5
- Volvo EX40 vs Polestar 4
- Volvo EX40 vs Toyota bZ4X Touring
- Volvo EX40 vs Ford Mustang Mach-E
- Volvo EX40 vs Audi Q4 e-tron
- Volvo EX40 vs Mini Countryman Electric
Against hybrids and plug-ins
Worth waiting for?
These similar-sized cars at around the Volvo EX40's price are due in Australia within the next few months. Timing and prices aren't final, so only wait if you can.
- Toyota C-HR electric Electric
Due: Mid-2027 · Price not announced yet
Cables and extrasCharging speeds, cables and handy gear
QuestionsHow much is a Volvo EX40 in Australia? and 4 more
How much is a Volvo EX40 in Australia?
The Volvo EX40 starts from $69,990 + on-roads (estimate) (November 2026). Prices change often, so check with a dealer.
How much does a Volvo EX40 cost to run each week?
Charging mostly at home and driving 250 km a week, the Volvo EX40 Ultra Single Motor costs about $11.73 in Tasmania to $17.88 in South Australia, using 2026–27 default electricity prices.
How much does it cost to fully charge a Volvo EX40?
A full charge of the 79 kWh battery costs about $19.59 to $33.10 at home, depending on your state, or about $55.30 at a public fast charger.
How long does a Volvo EX40 take to charge at home?
About 11 hours from empty on a 7 kW home wall charger, or about 33 hours from a normal power point. Most owners top up overnight rather than charging from empty.
How far can a Volvo EX40 go on a charge?
Claimed range is up to 520 km on the WLTP test. Expect less at highway speeds or with the air-con on.
How we work it out, and our sources
Weekly cost = the car's energy use × 250 km × your electricity or fuel price, with 90% of charging at home. Prices are list prices at November 2026; check with the dealer.
- Electricity: 2026–27 default rates (AER, Victorian Default Offer, state retailers). Public charging: Sydney network prices, July 2026.
- Petrol and diesel: capital-city daily averages from state government price feeds, via FuelRadar, 12 November 2026. Diesel for Hobart, Canberra and Darwin is estimated from the national fall.
- Cars: maker figures via CarExpert, Drive, CarsGuide and EV Central. Plug-in electric range is taken as 80% of the claim.
- Servicing: published capped prices; marked as an estimate where not yet published (CarExpert comparison).
- Tyres: an EV set lasts about 35,000 km, a petrol or hybrid set 50,000 km (RACV); prices from Gridly.
- Home charger: about $2,000 installed ($1,000–$3,000). Novated leases: PwC summary.
Printed from EV Pick Australia · evpick.com.au. Prices and costs are estimates; check with the dealer. © 2026 EV Pick (T. Crouch). For personal use only; not to be copied, republished or sold without permission.
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