Volvo announced prices for its entire 2024 lineup, including the upgraded C40 and XC40 Recharge EVs. For the first time in 25 years, Volvo will offer a rear-wheel drive variant in the US, among other improvements.
Volvo tackled the two biggest requests with the upgraded C40 and XC40 Recharge electric models – more range and faster charging.
The automaker introduced the 2024 models with newly developed in-house electric powertrain options.
Volvo’s new Single Motor Extended Range C40 Recharge and XC40 Recharge feature a 248 hp electric motor. The 2024 C40 and XC40 Recharge, equipped with an enhanced e-motor and more energy-dense battery, can achieve up to 297 and 293 miles EPA range, respectively.
With the uprated 82 kWh battery pack, charging power has improved with the ability to charge your car from 10%-80% in around 28 minutes (200 kW DC).
The updated Twin Motor AWD variant also gets more range with a new 255 hp electric motor on the rear and 147 hp e-motor on the front axle.
The XC40 Recharge Twin Motor AWD gets up to 254 miles, over 30 miles more than the previous model. Meanwhile, the C40 Recharge Twin Motor has up to 257 miles range, up from 226 miles previously.
Improved exterior design also contributes to better efficiency. New 19″ alloy wheels help reduce drag while improving style.
Upgraded 2024 Volvo C40 and XC40 Recharge EV prices
Volvo released updated C40 and XC40 Recharge EV prices Friday alongside its entire 2024 model year lineup.
Top comment by Dan B
I work at a Volvo store. At 52 grand +, it's just too much. This country is entering an EV affordability problem. We don't have an issue with people wanting them, it an issue of affording them.
At $52,420 and higher for a base model with less features than my 2023 Bolt 1LT, that's not good. And it still can't come close in reliability to the Chevy.
The XC40 Recharge will start at $52,540, while the C40 Recharge has an MSRP of $53,600. Higher-priced trims run between $55,000 and $60,000.
| 2024 Volvo XC40 a C40 Recharge trims | Starting price (MSRP) |
| XC40 Recharge Single Motor Extended Range RWD, Core | $52,450 |
| XC40 Recharge Single Motor Extended Range RWD, Plus | $55,400 |
| XC40 Recharge Single Motor Extended Range RWD, Ultimate | $58,800 |
| XC40 Recharge Twin Motor AWD, Core | $54,200 |
| XC40 Recharge Twin Motor AWD, Plus | $57,150 |
| XC40 Recharge Twin Motor AWD, Ultimate | $60,550 |
| C40 Recharge Single Motor Extended Range RWD, Core | $53,600 |
| C40 Recharge Single Motor Extended Range RWD, Plus | $55,400 |
| C40 Recharge Single Motor Extended Range RWD, Ultimate | $58,800 |
| C40 Recharge Twin Motor AWD, Core | $55,350 |
| C40 Recharge Twin Motor AWD, Plus | $57,150 |
| C40 Recharge Twin Motor AWD, Ultimate | $60,550 |
Volvo has several new all-electric models rolling out. The automaker is launching three new EVs, including a three-row EX90, an entry-level EX30 (see our review), and its first electric minivan, the EM90.
Volvo was one of the first legacy automakers to commit to an all-electric future by 2030. It aims for a 50% EV sales share by 2025 as it works to become an all-electric brand.
Ready to hop in your new electric Volvo? You can use our links to find great deals at a nearby dealer. Check out the links below to get started.
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