2024 head-to-head · Small SUV
2024 Volvo XC40 EV vs Volvo XC40 Hybrid
MPG, range and what each one really costs you to fuel, from official EPA ratings and recalculated with your own gas and electricity prices.
AWD · 2.0L 4-cyl turbo · 8-speed automatic · 26 MPG
The 2024 Volvo XC40 EV is the cheaper one to run. Driving 15,000 miles a year with 18¢/kWh electricity and $3.95/gal premium gas, it costs about $856 a year to fuel (106 MPGe), versus $2,279 for the 2024 Volvo XC40 Hybrid (26 MPG). That's roughly $1,423 a year, or about $7,115 over five years.
Your numbers
Change these to match your driving and local prices. Every figure and chart on this page updates.
Fuel cost over 10 years
- Volvo XC40 EV
- Volvo XC40 Hybrid
Side by side
| Volvo XC40 EV | Volvo XC40 Hybrid | |
|---|---|---|
| $856 | Your annual fuel cost | $2,279 |
| 106 MPGe | Combined efficiency | 26 MPG |
| 118 MPGe | City | 24 MPG |
| 95 MPGe | Highway | 30 MPG |
| 31.7 kWh | Electricity use (kWh/100 mi) | — |
| 293 mi | Driving range | — |
| 0 g/mi | Tailpipe CO₂ (g/mi) | 338 g/mi |
| 10/10 | EPA fuel economy score | 5/10 |
| 10/10 | EPA greenhouse gas score | 5/10 |
| 8 hrs | Charge time at 240V | — |
| Electric | Powertrain | Hybrid |
| Electricity | Fuel | Premium gasoline |
| Electric motor (220 kW) | Engine / motor | 2.0L 4-cyl turbo |
| Single-speed | Transmission | 8-speed automatic |
| RWD | Drivetrain | AWD |
✓ marks the better value. EPA scores run 1–10 (10 is best). Volumes come from the EPA interior volume index and aren't published for every body style.
Volvo XC40 EV vs Volvo XC40 Hybrid across model years
- Volvo XC40 EV
- Volvo XC40 Hybrid
Annual fuel cost of the most efficient configuration of each model year, at your prices. Click a point to open that year.
How they differ
Among 119 2024 small SUVs, the Volvo XC40 EV ranks 13th and the Volvo XC40 Hybrid 96th for lowest fuel cost.
Because the Volvo XC40 EV is fully electric, it has no tailpipe emissions and its running cost depends almost entirely on your electricity rate. Cheap overnight home charging widens its advantage over the Volvo XC40 Hybrid; relying on DC fast chargers can erase it.
Frequently asked questions
Which is more fuel-efficient, the 2024 Volvo XC40 EV or the 2024 Volvo XC40 Hybrid?
Measured by cost to drive, the Volvo XC40 EV. The Volvo XC40 EV is rated 106 MPGe combined and the Volvo XC40 Hybrid 26 MPG (EPA, most efficient configuration of each).
How much does it cost to fuel the 2024 Volvo XC40 EV vs. the Volvo XC40 Hybrid per year?
At 15,000 miles a year with 18¢/kWh electricity and $3.95/gal premium gas, about $856 for the Volvo XC40 EV and $2,279 for the Volvo XC40 Hybrid.
Volvo XC40 EV vs Volvo XC40 Hybrid in other years
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