Things move fast in the automotive industry and even faster in the electric vehicle (EV) market. It has been slightly over a year since I reviewed the Volvo XC40 Recharge, a fully electric compact crossover. At the time, I hadn’t driven too many EVs; a year later, it feels like every other car I drive is either a fully electric or plug-in hybrid.
At the time, the XC40 Recharge was the only fully electric vehicle sold by Volvo in North America. Since then, Volvo added the C40 Recharge, a vehicle based on the XC40, the recently announced full-size EX90, and the EX30. These are just Volvo EVs; there are so many other new EVs in the marketplace that sometimes it becomes hard to keep track of. One thing that hasn’t changed is the long wait times for buying most EVs. Inventory levels are slowly improving, and that’s a trend we want to see more of.

Back to the XC40 Recharge, last week I had the opportunity to drive this fully electric compact CUV for a full week, right after driving the massive Ford F-150 Lightning EV. Below are my thoughts on the 2023 Volvo XC40 Recharge Ultimate in Sage Green.
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2023 Volvo XC40 Recharge Canadian Prices
The 2023 Volvo XC40 Recharge is offered in Core, Plus, and Ultimate trims. Prices for XC40 Recharge Core start at $59,950, the XC40 Recharge Plus starts at $68,000, and the XC40 Recharge Ultimate starts at $72,250; all these prices are in Canadian dollars and do not include options, Freight & PDI, and taxes.
Our review car was equipped with the optional Twin Motor (AWD) for $2,500, Pixel LED headlights for $450, and Sage Green paint for $900. Freight and PDI charges are an additional $2,315.