Source: EPA FuelEconomy.gov & manufacturer data. Figures reflect base trim; actual specs vary by trim level.
About the 2024 Volvo EX40
Our scoring places the 2024 Volvo EX40 at 8.8/10 overall, which translates to a Exceptional rating for this ev. Its strongest dimension is Technology at 9.2/10. This is among the top-rated evs in Carivo's database — a genuine recommendation for buyers in this segment.
Reliability and safety are the two dimensions that matter most for long-term ownership costs. We score reliability at 8.4/10 — better than most direct rivals, if short of the segment's best. The 9.1/10 safety score puts it near the top of the class on this dimension; the official trim-level results at nhtsa.gov are worth a final check.
Performance is a genuine highlight at 9.0/10. The Volvo EX40 delivers engaging driving dynamics — responsive handling, meaningful power delivery, and a drivetrain that rewards spirited driving without sacrificing daily usability. The cabin tech earns 9.2/10 — infotainment, smartphone integration, and driver-assistance are all close to the best this class offers.
Priced from $54,495–$59,895, fully electric, seating 5, the Volvo EX40 sits in the premium tier of the ev category. Value is where it presses its advantage — 8.2/10, meaning the feature set and quality outrun the asking price. At 2 years old, it's recent enough that the core feature set holds up well against current competition.
Our take: The 2024 Volvo EX40 is one of the more compelling options in the ev segment right now. It excels in technology, safety, performance, reliability, value — the kind of car you can buy with confidence and own without regret. If it fits your budget and use case, it earns a clear recommendation.
Carivo scores are our own editorial assessment, informed by NHTSA safety and recall records, EPA fuel-economy figures, and manufacturer-published specifications. Scores are reviewed periodically and updated when new data becomes available. See our full methodology →
How It Ranks Among EVs
The 2024 Volvo EX40 ranks #5 of 268 evs in the Carivo database — better than 99% of the segment. Its 8.8/10 overall score is 1.2 points above the segment average of 7.6/10. Its $54,495 starting price sits close to the segment's median of $52,750.
Varies widely by driver and state — always quote the exact trim before buying; EVs often run 10-20% higher
We only print costs we can compute from sourced data (EPA fuel economy, NHTSA recalls). We don't estimate maintenance or depreciation — anyone who gives you one number for those is guessing.
Which EX40 Year Should You Buy?
Across the EX40 model years we've scored, the 2024 holds its position — we didn't find an older year that delivers similar scores for meaningfully less money.
Above-average reliability record with solid owner satisfaction data
Top-tier safety scores across crash tests and driver-assistance tech
Good overall value; holds its own against pricier alternatives in the segment
Engaging driving dynamics with class-leading power and handling
Best-in-class infotainment, driver assistance, and connectivity features
✗ Where it falls short
Few standout weaknesses — review individual sub-scores for nuance
Some competing models offer a higher overall score at a similar price
Common Questions — 2024 Volvo EX40
Is the 2024 Volvo EX40 reliable?
We rate the 2024 Volvo EX40's reliability 8.4/10 — one of the stronger records in its class.
Is the 2024 Volvo EX40 worth buying?
It scores 8.8/10 overall, ranking #5 of 268 evs in our database (better than 99% of the segment). That puts it among our strongest recommendations in the class.
How much does the 2024 Volvo EX40 cost?
The 2024 Volvo EX40 starts at $54,495 and ranges up to $59,895 across trims (MSRP when new). It is fully electric, so per-mile running costs are typically the lowest in its class.
Owner Essentials — Volvo EX40
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Similar EV to Consider
Other evs at a similar price point, ranked by Carivo score.
Representative photo — may show another model year
