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2023 Volvo C40

The 2023 Volvo C40 is a compact SUV, rated at 87 MPG combined by the EPA. NHTSA lists 3 recalls for this model year.

2023 Volvo C40
© OWS Photography · CC BY 4.0
Combined MPG
87· 226 mi
NHTSA safety
Not rated
Starting price
$54,000
Recalls
3

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Full specifications

Identity

SRC · NHTSA vPIC
MakeVolvo
ModelC40
Model year2023
Vehicle classCompact SUV

Engine & drivetrain

SRC · EPA FuelEconomy
TransmissionAutomatic (A1)
DrivetrainAll-Wheel Drive
FuelElectricity

Fuel economy

SRC · EPA FuelEconomy
City MPG94
Highway MPG80
Combined MPG87
Combined MPGe38.5224
Electric range226 mi
EPA annual fuel cost$850

Fuel economy

SRC · EPA FuelEconomy
City94 MPG
Highway80 MPG
Combined87 MPG
Combined38.5224 MPGe
Electric range226 mi

Efficiency vs class average

C4087 MPG
Class average32.2 MPG

About 170% more efficient than the C40's class average.

Est. monthly payment
$951/mo
Amount financed
$48,600
Total interest
$8,455
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5-year fuel cost
$8,923

$1,785/yr · 12,000 mi/yr · $0.17/kWh

Combined MPGe87
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Extended warranty & insurance

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Cost to own

Estimate monthly payments and 5-year fuel cost using the tools in the sidebar. Figures use EPA fuel economy and current U.S. energy prices from EIA.

Safety ratings & recalls

SRC · NHTSA vPIC

NHTSA has not published NCAP crash-test ratings for this model year yet.

Recalls (3)

  • SERVICE BRAKES, HYDRAULIC23V012000 · 2023-01-19

    Volvo Car USA, LLC (Volvo Car) is recalling certain 2023 S60, V60, V60CC, V90CC, XC60, XC90, XC40, and C40 vehicles. A diagnostic error in the Brake Control Module 2 (BCM2) may cause a loss of Antilock Brake System (ABS), Electronic Stability Control (ESC), and traction control.

    Remedy: Volvo will release an over-the-air (OTA) BCM2 software update, free of charge. Owner notification letters are expected to be mailed March 15, 2023. Owners may contact Volvo Car customer service at 1-800-458-1552. Volvo Car's number for this recall is R10217.

  • ELECTRICAL SYSTEM23V188000 · 2023-03-22

    Volvo Car USA, LLC (Volvo Car) is recalling certain 2023 S60, V60CC, XC60, XC90, XC40, and C40 vehicles. A diagnostic trouble code (DTC) may be falsely detected for the emergency call system (e-call) and display "e-Call Service Required" in the driver information module (DIM).

    Remedy: Dealers will update the telematics and connectivity antenna module (TCAM) software, free of charge. Owner notification letters are expected to be mailed May 16, 2023. Owners may contact Volvo Car's customer service 1-800-458-1552. Volvo Car's number for this recall is R10225.

  • AIR BAGS:FRONTAL:DRIVER SIDE:INFLATOR MODULE24V938000 · 2024-12-18

    Volvo Car USA, LLC (Volvo Car) is recalling certain 2023-2024 Volvo C40 vehicles. The clamps may be improperly crimped on the driver's side inner far side air bag module (FSAB), which can cause the air bag to deploy improperly.

    Remedy: Dealers will replace the driver's side inner FSAB, free of charge. Owner notification letters were mailed January 24, 2025. Owners may contact Volvo Car customer service at 1-800-458-1552. Volvo Car's number for this recall is R10296.

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Frequently asked questions

What is the MPG of the 2023 Volvo C40?

The 2023 Volvo C40 is EPA-rated at 87 MPG combined (94 city / 80 highway).

Is the 2023 Volvo C40 reliable?

NHTSA lists 3 recalls for the 2023 Volvo C40. Recalls are repaired free of charge by the manufacturer — verify any open recalls by VIN before purchase.

How much does it cost to fuel the 2023 Volvo C40?

At 12,000 miles per year, the 2023 Volvo C40 costs roughly $1,785 per year to charge, or about $8,923 over 5 years at current U.S. energy prices.

What type of vehicle is the 2023 Volvo C40?

The 2023 Volvo C40 is classified as a compact suv. Common rivals in this class are worth comparing on price, MPG, and safety.

Sources: NHTSA vPIC · EPA FuelEconomy · NHTSA vPIC