Volvo EX40 / XC40 Recharge (2022–2026): EV perks and running costs in Canada
At 197 Wh/km, a Volvo EX40 / XC40 Recharge driven 15,000 km a year needs about 2,340 kWh of charging – roughly 195 kWh a month at home, with 80% of charging done there. At that volume the best published home-charging reward, Roulez Electrique Points, pays about $304 a year. The cheapest place in Canada to charge it is Ontario, at 3.7¢/kWh.
What a Volvo EX40 / XC40 Recharge is worth, province by province
Each row assumes 15,000 km a year with 80% of charging at home on that province's cheapest overnight plan and the rest in public at 45¢/kWh. Net vs gas is fuel saved against an 8.5 L/100 km petrol car at that province's pump price, plus the best charging reward, minus any annual EV fee. Purchase rebates are one-time and are not added into it.
| Province | Overnight rate | Home charging | Charging rewards | Purchase rebate | Net vs gas |
|---|---|---|---|---|---|
| Alberta | 12¢ | $284/yr | $307/yr | $5,000 | $1,661/yr |
| British Columbia | 7.7¢ EV plan | $182/yr | $307/yr | $5,000 | $2,537/yr |
| Manitoba | 9.97¢ | $236/yr | $307/yr | $9,000 | $1,999/yr |
| New Brunswick | 15.84¢ | $374/yr | $307/yr | $5,000 | $2,128/yr |
| Newfoundland & Labrador | 15.59¢ | $368/yr | $307/yr | $5,000 | $2,401/yr |
| Nova Scotia | 12.44¢ EV plan | $294/yr | $307/yr | $5,000 | $2,208/yr |
| Northwest Territories | 36.5¢ | $863/yr | $307/yr | $10,000 | $1,486/yr |
| Nunavut | 74.94¢ | $1,772/yr | $307/yr | $5,000 | $756/yr |
| Ontario | 3.7¢ EV plan | $87/yr | $307/yr | $5,000 | $2,236/yr |
| Prince Edward Island | 17.84¢ | $422/yr | $307/yr | $9,000 | $2,259/yr |
| Quebec | 4.89¢ EV plan | $116/yr | $307/yr | $7,000 | $2,438/yr |
| Saskatchewan | 15.48¢ | $366/yr | $307/yr | $5,000 | $1,607/yr |
| Yukon | 20.8¢ | $492/yr | $307/yr | $5,000 | $2,100/yr |
Where you live decides most of it: British Columbia nets $2,537 a year against Nunavut at $756 – mostly electricity prices, pump prices and provincial EV fees.
Notes on these figures
- Consumption, range and battery size come from NRCan Fuel Consumption Ratings MY2024–2026: EX40, re-checked against NRCan's open data.
- Charging rewards use each program's published rate at this car's own monthly kWh, so tiered programs are integrated up their ladder rather than charged a flat rate.
- Rebate figures are for a new battery electric vehicle; price caps and residency conditions still apply – see rebates and their conditions.
Other Volvo models
Volvo EX30 Single Motor Extended Range · Volvo EX90 Twin Motor · Volvo XC60 T8 Recharge (PHEV)
Similar EVs by consumption
Chevrolet Equinox EV FWD (193 Wh/km) · Kia EV6 Long Range AWD (193 Wh/km) · Ford Mustang Mach-E Premium AWD Extended Range (200 Wh/km) · Tesla Model X Dual Motor AWD (200 Wh/km)