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Over EVAP price capElectric2026 · SUV

Volvo EX40

Core Twin Motor

$67,350 all-in, 418 km official range, and not currently EVAP-eligible - see the exact numbers below.

Official source · Verified Oct 2026
Official range
418 km
Usable battery
82 kWh
Efficiency
19.6 kWh/100km
Estimated
DC fast-charge peak
-
Assembled in
Not yet verified
Energy / 100 km
$1.11

Federal EVAP rebate: Over cap

Over EVAP price cap

Final transaction value exceeds the $50,000 EVAP limit. Freight/PDI is excluded from that figure, and Canadian-built EVs are exempt from the cap entirely.

Full EVAP-eligible list

All-in price breakdown

MSRP$63,600
Freight / PDI$3,100
A/C excise tax$100
Tire levy$30
Typical dealer admin~$520
All-in price (before tax)$67,350

Excludes sales tax (HST/GST/PST), which is applied on top. All-in price is our estimate; the manufacturer has not published an exact selling price for this trim.

Running cost vs. a comparable gas vehicle

At 20,000 km/year, on Ontario's Ultra-Low Overnight home charging rate.

Volvo EX40
$1.11 /100km
≈ $222/year
Toyota RAV4 Hybrid (comparison)
$10.20 /100km
≈ $2,039/year

Estimated savings of $1,817/year on energy alone versus the Toyota RAV4 Hybrid - before maintenance, tires, or insurance. This is energy cost only - run the full calculator for maintenance, tires, insurance, and rebates.

See the full 10-year cost comparison

Canadian road trips in winter

CCS1 port · Superchargers: with adapter · Heat pump: unknown (treated as no) · about 296 km of highway range in January on Toronto to Montreal. Estimates from the charger map and climate normals, not a road test.

RouteJulyJanuary−20 °C
Toronto to Montreal548 kmComfortable1 stopComfortable2 stopsComfortable2 stops
Montreal to Quebec City259 kmComfortableNo stop neededComfortable1 stopComfortable1 stop
Toronto to Ottawa452 kmComfortable1 stopComfortable1 stopComfortable2 stops
Sault Ste. Marie to Thunder Bay723 kmTight2 stopsNot recommended—Not recommended—
Calgary to Edmonton300 kmComfortableNo stop neededComfortable1 stopComfortable1 stop

Check all 18 routes · Where this car runs short in winter

In this catalogue

Compare against 53 EVs and 17 gas and hybrid comparison vehicles, sourced and dated.

Back to full catalogue

Costs shown assume Ontario electricity and gas pricing. Provincial rebates and rates vary - see the statistics hub for the full sourced data set.

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