2024 Volvo EX40 — Carivo review carivo.co
EV

2024 Volvo EX40

Independent review & score by Carivo

Price Range $54,495–$59,895
Fuel Economy ⚡ Electric
Seating 5 passengers
Category EV

Key Specifications — 2024 Volvo EX40

Seating Capacity5 passengers
Body StyleEV
Base Price$54,495–$59,895

Source: EPA FuelEconomy.gov & manufacturer data. Figures reflect base trim; actual specs vary by trim level.

About the 2024 Volvo EX40

The 2024 Volvo EX40 is a ev that earns a Carivo score of 8.8/10 — rated Exceptional. 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. Reliability comes in at 8.4/10 — above average, with owner data showing fewer issues than the segment mean. It's not flawless, but it's a dependable choice for most buyers. On safety, it scores an impressive 9.1/10, backed by strong NHTSA crash-test results and a well-rounded driver-assistance suite.

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. Technology scores 9.2/10 — one of the stronger tech packages in the segment. Expect a responsive infotainment system, broad smartphone integration, and a solid suite of driver-assistance features.

Priced from $54,495–$59,895, fully electric, seating 5, the Volvo EX40 sits in the premium tier of the ev category. Its value score of 8.2/10 confirms that the price reflects the quality — you're getting a lot for your money here. 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 built from NHTSA crash-test results, EPA fuel-economy figures, manufacturer-published specifications, and long-term owner reliability data. Every score is reviewed periodically and updated when new data becomes available. See our full methodology →

Pros & Cons — 2024 Volvo EX40

✓ What it does well

  • 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

Similar EV to Consider

Other evs at a similar price point, ranked by Carivo score.

2024 Lucid Air
2024 Lucid Air
9.4/10
View →
2023 Tesla Model Y
2023 Tesla Model Y
9.2/10
View →
2024 Porsche Macan EV
2024 Porsche Macan EV
9.2/10
View →
2023 Tesla Model 3
2023 Tesla Model 3
9.0/10
View →

More Volvo Reviews

Explore the full lineup of Volvo models scored by Carivo — ranked by overall score across reliability, safety, value, performance, and technology.