HomeVolvoVolvo XC40 Recharge
2023 Volvo XC40 Recharge
#1 Best Luxury Electric SUVs of 2023

Used 2023 Volvo XC40 Recharge

4.5
rating
Expert
3.4
rating
Consumer
Write a Review
Save this car
2023 Volvo XC40 Recharge Exterior: 0
2023 Volvo XC40 Recharge Lifestyle: 1
Lifestyle (6)
2023 Volvo XC40 Recharge Lifestyle: 2
2023 Volvo XC40 Recharge All Media: 1

View All Media

2024
2023
leaf_icon_picture

Electric Variation Available

EV Range
223 miles
Charge Time (240V)
8 hours
0-60
4.5 - 4.7 seconds
MPGe
85 combined mpge
Next Steps: Shopping for this car?
See Cars for Sale

Calculate Your Annual Fuel Cost Savings

Electric ($0.16/kWh)
vs
Gas ($3.45/gal)
Edit
Fuel Savings
$734
/yr
Actual results will vary according to driving conditions, driving styles, vehicle maintenance. Cost estimates are based on 86MPGe 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.

2023 Volvo XC40 Recharge Review

Colin Ryan

Updated May 30, 2025

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

  • All-electric drivetrain
  • Practical small SUV body
  • Top safety scores

Cons

  • Class-trailing 223-mile range

What's New?

  • Base Core trim added
  • Styling revisions
  • New upholstery choice

Almost everything about the XC40 Recharge is impressive. All-wheel drive is standard; build quality is suitably high for a luxury vehicle; the interior and exterior designs are yet more examples of Volvo’s intelligence and creative talents; the tech is fresh; and the quick responses of the drivetrain make for an entertaining drive.

The one issue is range, the distance traveled on a single full battery charge. The XC40 Recharge is estimated to achieve 223 miles. Every rival can do better, even if just by a couple of miles, as is the case with the Lexus RZ 450e.

As long as potential buyers don’t need a longer range, they might take one look at the Top Safety Pick+ commendation from the Insurance Institute for Highway Safety (IIHS) and the maximum 5-Star overall score from the National Highway Traffic Safety Administration (NHTSA) and decide that an electric XC40 Recharge is for them. That’s a perfectly valid call.

The gasoline-powered 2023 Volvo XC40 SUV is reviewed separately.

2023 Volvo XC40 Recharge Pricing

2023 Volvo XC40 Recharge pricing starts at $30,871 for the XC40 Recharge Core Sport Utility 4D, which had a starting MSRP of $54,645 when new. The range-topping 2023 XC40 Recharge Ultimate Sport Utility 4D starts at $31,962 today, originally priced from $60,595.

Original MSRP
KBB Fair Purchase Price (national avg.)
$54,645
$30,871
$57,345
$30,426
$60,595
$31,962

The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2023 Volvo XC40 Recharge models in typical condition when purchasing from a dealership. These prices are updated weekly.

Driving the Volvo XC40 Recharge

This is one of the highlights of owning a 2023 XC40 Recharge luxury SUV. Electric motors produce virtually all of their thrust from a standstill, and this Volvo EV supplies a thumping 486 lb-ft of torque. Acceleration is swift and responsive.

Nor does it run out of punch at higher speeds, thanks to 402 horsepower. If that amount of muscle was in a combustion-powered car, fuel bills would be high.

The extra weight of a battery pack is offset by placing it below the floor, keeping the XC40 Recharge’s center of gravity nice and low for a feeling of stability. With the added attribute of standard all-wheel drive, the XC40 Recharge can handle shifts in direction and put its power to the ground with great proficiency.

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

Although the XC40 Recharge is supposed to run for 223 miles on a full battery, we would want to find a charger pronto after driving 200 miles in real-world conditions.

Interior Comfort

Volvo has achieved conflicting objectives with the 2023 XC40 Recharge electric SUV. It has created a relatively generous 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.

Also, 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 charge cable.

On the subject of space, rear legroom is 36.1 inches. The luggage area measures 16 cubic feet and folding the rear seats down creates 46.9 cubic feet.

For 2023, Volvo now offers tailored wool blend upholstery with the Ultimate trim, for those who would rather not have leather. New colors and wheel designs are also available.

Exterior Styling

The characteristic T-shaped “Thor’s Hammer” headlights, a design feature in every contemporary Volvo, receive a slightly new look in the 2023 XC40 Recharge SUV.

This change is accompanied by a new frameless grille. Or should that be a frameless/grille-less grille? There isn’t a radiator behind it to cool a combustion engine. Volvo also tweaked the front bumper. Subtle things.

Favorite Features

1. 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, and has the ability for over-the-air updates. It also can be controlled using natural speech. Yes, it’s an Android-fest, but standard Apple CarPlay allows the integration of iPhones as well.

2. 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 2023 Volvo XC40 Recharge.

3. Removable/folding load floor
It’s always good to come across a feature designed by people who go to the supermarket and grab take-out food, just like the rest of us. Then they apply their knowledge and talent to create a clever item that provides hooks for grocery bags, along with acting as a cargo organizer. Standard at the Plus trim level.

4. 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.

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

6. 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 an optional package for the top Ultimate trim.

Engine & Transmission

The full name of this electric vehicle (EV) is the 2023 Volvo XC40 Recharge Twin AWD. It signifies that two motors are deployed, one for each axle, creating an electronic form of all-wheel drive (AWD). Total output is a muscular 402 horsepower and 486 lb-ft of torque.

These motors take their energy from a lithium-ion battery pack. Replenishing this battery to full takes about eight hours with a 240-volt home setup. Every hour adds 30 miles of range. A DC fast charger requires about 40 minutes to bring the battery to 80%.

The maximum range on a single charge is 223 miles. That’s virtually the bottom of this class.

For electric vehicles and plug-in hybrids, the U.S. Environmental Protection Agency (EPA) calculates miles-per-gallon-equivalent (MPGe) figures. The ones given here are from 2022, but we don’t anticipate any changes for 2023.

Dual permanent magnet synchronous electric motors
402 horsepower
486 lb-ft of torque
EPA city/highway fuel economy: 92/79 MPGe
EPA-estimated range: 223 miles


What did you think of this review?

More About How We Rate Vehicles
Advertisement

2023 Volvo XC40 Recharge
KBB.com Consumer Reviews

3.4
Consumer Rating
Based on 7 Consumer Reviews
Write a Review
100%Recommend this vehicle
5
57%
5
57%
4
0%
4
0%
3
0%
3
0%
2
14%
2
14%
1
29%
1
29%
Value
5.0
Performance
5.0
Quality
5.0
Comfort
5.0
Reliability
5.0
Styling
5.0

Trending Topics in KBB.com Consumer Reviews

Advertisement

2023 Volvo XC40 Recharge Styles

Style
Price
EV Range
Charge Time
0-60
Combined MPGe
Horsepower
Cargo Capacity
Curb Weight
Towing Capacity
Plus Sport Utility 4D
$30,426
223 - 223 miles
8 hours
N/A
223 - 223 MPGe
402 hp
57.5 cu ft
4823 lbs
2000 lbs
Core Sport Utility 4D
$30,871
223 - 223 miles
8 hours
4.7 seconds
223 - 223 MPGe
402 hp
57.5 cu ft
4823 lbs
2000 lbs
Ultimate Sport Utility 4D
$31,962
223 - 223 miles
8 hours
4.5 seconds
223 - 223 MPGe
402 hp
57.5 cu ft
4823 lbs
2000 lbs
See Full Specs for All 2023 Volvo XC40 Recharge Styles
Advertisement

2023 Volvo XC40 Recharge Depreciation

A 2023 Volvo XC40 Recharge has depreciated $29,186 or 50% in the last 2 years and has a current resale value of $28,159 and trade-in value of $25,143.

Login or create a new account to see your vehicle depreciation forecast data.

Historical
historical solid line
Forecast
forecast dash line
2023 Volvo XC40 Recharge
Compare up to 3 vehicles by logging in.

2023 Volvo XC40 Recharge Annual Depreciation

Year
Vehicle Depreciation*
Resale Value
Trade-In Value
2023
-
$57,345
$57,345
2024
$26,921
$30,424
$27,002
Now
$2,265
$28,159
$25,143
Lock Icon

Unlock Forecast

2-Year Forecasted Depreciation

*Depreciation for the last 12 months of the private party resale value.

2023 Volvo XC40 Recharge Depreciation

Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.


Is this information helpful?
Learn More About 2023 Volvo XC40 Recharge Depreciation

Already Own This Car?

See Cars for Sale

Specifications

Dimensions, Weights & Capacities

Curb Weight
4823 lbs.
Front Head Room
37.6 inches
Front Leg Room
40.9 inches
Max Seating Capacity
5
Minimum Ground Clearance
6.9 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
Fog Lights
Available
Number of Doors
4 doors
Panorama Moon Roof
Available
Privacy Glass
Available
Roof Rails
Available
LED Headlights
Available
Rear Spoiler
Available

Fuel Economy

City
92 MPGe
Combined
85 MPGe
Highway
79 MPGe

Mechanical

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

Performance

Horsepower
402 hp
Torque
486 foot pounds
Engine
Dual Electric Motors
Estimated Electric Range
223 miles
Charge Time (240V)
8 hours
Battery Capacity
N/A

Warranty

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

Comfort & Convenience

  • Integrated Garage Door Opener

Entertainment

  • Premium Radio
  • Bluetooth Streaming Audio

Interior

  • Leather-Wrapped Steering Wheel
  • Power Windows
  • 12V Power Outlet
  • Steering Wheel Controls
  • Tilt Steering Wheel
  • Tilt/Telescoping Steering Wheel

Seating

  • Heated Seats
  • Dual Power Front Seats
  • Power Driver's Seat

Technology

  • Bluetooth Wireless Technology
  • Cruise Control
  • Hands Free Phone
  • Navigation System
  • Remote Keyless Entry
  • Smartphone Interface
  • Touch Screen Monitor
  • USB Port
  • Voice Recognition System

2023 Volvo XC40 Recharge Safety

2023 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 of a highway via automatic steering assistance. Yet another standard feature.

Compare to Similar Vehicles

Used 2023
Volvo XC40 Recharge
Used 2023
Audi Q4 e-tron
Used 2023
Genesis GV60
New 2024
Volvo XC40 Recharge
See Details
Price
$30,426
$33,731
$33,329
$53,645
KBB.com Rating
4.5
4.5
4.5
4.5
Consumer Rating
3.4
3.7
5.0
3.4
Fuel Economy
City 92/Hwy 79/Comb 85 MPGe
City 97/Hwy 87/Comb 93 MPGe
City 103/Hwy 86/Comb 95 MPGe
City 118/Hwy 95/Comb 106 MPGe
Fuel Type
ElectricLeafIcon
N/A
N/A
ElectricLeafIcon
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).
N/A
N/A
N/A
$66,592
Estimated EV Range
223 miles
236 miles
248 miles
293 miles
Seating Capacity5555
Basic Warranty
4 years or 50000 miles
4 years or 50000 miles
N/A
4 years or 50000 miles
0-60
N/A
5.8 seconds
N/A
6.9 seconds
Horsepower
402 HP
295 HP
314 HP
248 HP
Engine
Dual Electric Motors
Dual AC Electric Motors
Dual Electric Motors
Electric Motor
Drivetrain
AWD
AWD
AWD
RWD

2023 Volvo XC40 Recharge Rankings

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

How much is a 2023 Volvo XC40 Recharge?

With a new Core trim added to the 2023 XC40 Recharge lineup at the entry level, pricing starts at $53,550. At the top of the range sits the Ultimate trim, from $59,500. Things like destination charges, federal tax credits and state incentives must also be taken into account.

How long does it take to charge a 2023 Volvo XC40 Recharge?

A DC fast charger can take the 2023 XC40 Recharge electric SUV to an 80% charge in 40 minutes or so. A 240-volt home setup may fully replenish the battery in about eight hours. That’s approximately 30 miles of range for each hour of charging.

Is the 2023 Volvo XC40 Recharge a good SUV?

All the usual qualities of a luxury SUV — like style, practicality, and tech — are present in the 2023 Volvo XC40 Recharge. But its effectiveness as an electric vehicle is not so convincing.

Is the 2023 Volvo XC40 Recharge a good vehicle?

Yes, the 2023 Volvo XC40 Recharge is a good car, as reflected by its above-average Kelley Blue Book rating of 4.5 out of 5.

How much should a 2023 Volvo XC40 Recharge cost?

Used 2023 Volvo XC40 Recharge prices currently range from $30,426 for the Plus Sport Utility 4D to $31,962 for the Ultimate Sport Utility 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.

What's the cheapest Volvo XC40 Recharge?

The cheapest 2023 Volvo XC40 Recharge is the Plus Sport Utility 4D, with a Kelley Blue Book Fair Purchase Price of $30,426.

Is the 2023 Volvo XC40 Recharge reliable?

The 2023 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.

Also from Volvo

  • 2023 Volvo C40 Recharge
  • 2023 Volvo S60
  • 2023 Volvo S90
  • 2023 Volvo V60
  • 2023 Volvo V90
  • 2023 Volvo XC40
  • 2023 Volvo XC40 Recharge
  • 2023 Volvo XC60
  • 2023 Volvo XC90
Advertisement