2023 Volvo XC40
The 2023 Volvo XC40 is a compact SUV, rated at 85 MPG combined by the EPA. NHTSA lists 4 recalls for this model year.
- Combined MPG
- 85· 223 mi
- NHTSA safety
- Not rated
- Starting price
- $39,000
- Recalls
- 4
Watch: XC40 reviews
Full specifications
Identity
SRC · NHTSA vPIC| Make | Volvo |
|---|---|
| Model | XC40 |
| Model year | 2023 |
| Vehicle class | Compact SUV |
Engine & drivetrain
SRC · EPA FuelEconomy| Transmission | Automatic (A1) |
|---|---|
| Drivetrain | All-Wheel Drive |
| Fuel | Electricity |
Fuel economy
SRC · EPA FuelEconomy| City MPG | 92 |
|---|---|
| Highway MPG | 79 |
| Combined MPG | 85 |
| Combined MPGe | 39.4392 |
| Electric range | 223 mi |
| EPA annual fuel cost | $900 |
Available configurations
SRC · EPA FuelEconomy| XC40 B4 | 27 MPG combined |
|---|---|
| XC40 B5 AWD | 26 MPG combined |
| XC40 Recharge twin | 85 MPG combined |
Fuel economy
SRC · EPA FuelEconomy| City | 92 MPG |
|---|---|
| Highway | 79 MPG |
| Combined | 85 MPG |
| Combined | 39.4392 MPGe |
| Electric range | 223 mi |
Efficiency vs class average
About 164% more efficient than the XC40's class average.
- Amount financed
- $35,100
- Total interest
- $6,106
Partner offers · may earn us a commission
≈ $1,743/yr · 12,000 mi/yr · $0.17/kWh
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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 vPICNHTSA has not published NCAP crash-test ratings for this model year yet.
Recalls (4)
- 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.
- BACK OVER PREVENTION:SOFTWARE25V282000 · 2025-05-08
Volvo Car USA, LLC (Volvo Car) is recalling certain 2021-2025 XC40, 2022 V90, 2022-2025 S90, V90CC, C40, XC60, 2023-2025 S60, V60, V60CC, XC90, and 2025 EC40 and EX40 vehicles. The rearview camera image may not display when the vehicle is placed in reverse. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 111, "Rear Visibility."
Remedy: The software will be updated by a dealer or through an over-the-air (OTA) update, free of charge. Owner notification letters were mailed June 27, 2025. Owners may contact Volvo Car customer service at 1-800-458-1552. Volvo Car's number for this recall is R10320.
- BACK OVER PREVENTION:SOFTWARE25V908000 · 2025-12-23
Volvo Car USA, LLC (Volvo Car) is recalling certain 2021-2025 XC40, 2022 V90, 2022-2024 C40BEV, 2022-2025 S90, V90CC, XC60, 2023-2025 S60, V60, V60CC, XC90, and 2025 EC40, and EX40 vehicles. The rearview camera image may not display when the vehicle is placed in reverse. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 111, "Rear Visibility."
Remedy: The software will be updated by a dealer or through an over-the-air (OTA) update, free of charge. Owner notification letters were mailed February 24, 2026. Owners may contact Volvo Car’s customer service at 1-800-458-1552. Volvo Car's number for this recall is R10333. Vehicle Identification Numbers (VINs) involved in this recall will be searchable on NHTSA.gov beginning February 16, 2026. This recall replaces previous NHTSA recall number 25V282. Vehicles previously repaired under recall 25V282 will need to have the new remedy performed.
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Frequently asked questions
What is the MPG of the 2023 Volvo XC40?
The 2023 Volvo XC40 is EPA-rated at 85 MPG combined (92 city / 79 highway).
Is the 2023 Volvo XC40 reliable?
NHTSA lists 4 recalls for the 2023 Volvo XC40. 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 XC40?
At 12,000 miles per year, the 2023 Volvo XC40 costs roughly $1,743 per year to charge, or about $8,716 over 5 years at current U.S. energy prices.
What type of vehicle is the 2023 Volvo XC40?
The 2023 Volvo XC40 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