EX40
Volvo

EX40

Compact SUV5 trims across 1 generation· ฿1,890,000–฿2,690,000
Current trims
5
From
Sweden (Volvo Car Group; Geely Holding majority owner since 2010)
Prices checked 14 May 2026

▸ Trims

Trim
Current price
WLTP range
Battery
0–100 km/h
DC charging
Seats
Ultra Single MotorfromMY 2026
฿1,890,000
545 km
69 kWh
7.3s
150 kW
5
Ultra Twin Motor Black EditionMY 2026
฿2,390,000
535 km
82 kWh
4.8s
200 kW
5
Ultra Twin MotorMY 2026
฿2,690,000
535 km
82 kWh
4.8s
200 kW
5
XC40 Recharge Pure Electric Single Motor (pre-rename)DiscontinuedMY 2024
—
423 km
67 kWh
7.4s
150 kW
5
XC40 Recharge Pure Electric P8 AWD (pre-rename)DiscontinuedMY 2024
—
400 km
78 kWh
4.9s
150 kW
5

▸ Price intelligence

Buy now

Buy now — subsidy ending soon

~฿70,000

EV3.5 1:1 local-production deadline for 2024 imports takes effect on 2026-08-31. Buyers who register before then keep the current pricing.

Price history
12 observations · 5 trims
Ultra Twin Motor Black …
Ultra Single Motor
XC40 Recharge Pure Elec…
Ultra Twin Motor
XC40 Recharge Pure Elec…
฿1.70M฿1.97M฿2.24M฿2.51M฿2.78MJan 21Sep 21May 22Feb 23Oct 23Jun 24Mar 25Nov 252021-03-24 · Launch · Volvo XC40 Recharge launches in Thailand — first Volvo BEV2022-02-15 · Subsidy · EV3.0 package approved by Thai cabinet2022-03-21 · Subsidy · EV3.0 takes effect — first subsidies disbursed2023-12-19 · Subsidy · Cabinet approves EV3.5 — successor scheme2024-01-01 · Subsidy · Excise-tax cut for BEV ≤฿7M extended through 20272024-01-02 · Subsidy · EV3.5 effective date2024-02-01 · Subsidy · Thailand EV3.5 subsidy package takes effect2024-07-09 · Announcement · Volvo renames XC40 Recharge → EX40 and C40 Recharge → EC402025-07-22 · Subsidy · EV Board adjusts EV3 / EV3.5 to favour exports2025-08-01 · Price cut · Volvo Secret Deal — first real Volvo TH BEV price cut2025-11-10 · Subsidy · 80% annual road-tax discount for BEV expires2026-01-01 · Price cut · Volvo TH 2026 price list — EX40 + EC40 Single Motor restructure
Events
  • Mar 24, '21LaunchVolvo XC40 Recharge launches in Thailand — first Volvo BEV
  • Feb 15, '22SubsidyEV3.0 package approved by Thai cabinet
  • Mar 21, '22SubsidyEV3.0 takes effect — first subsidies disbursed
  • Dec 19, '23SubsidyCabinet approves EV3.5 — successor scheme
  • Jan 1, '24SubsidyExcise-tax cut for BEV ≤฿7M extended through 2027
  • Jan 2, '24SubsidyEV3.5 effective date
  • Feb 1, '24SubsidyThailand EV3.5 subsidy package takes effect
  • Jul 9, '24AnnouncementVolvo renames XC40 Recharge → EX40 and C40 Recharge → EC40
  • Jul 22, '25SubsidyEV Board adjusts EV3 / EV3.5 to favour exports
  • Aug 1, '25Price cutVolvo Secret Deal — first real Volvo TH BEV price cut
  • Nov 10, '25Subsidy80% annual road-tax discount for BEV expires
  • Jan 1, '26Price cutVolvo TH 2026 price list — EX40 + EC40 Single Motor restructure

▸ Used listings

6 used listings on the market · Median asking ฿1,150,000
XC40 Recharge Pure Electric P8 AWD (pre-rename)2022 · Bangkok Metropolitan
฿928,000
XC40 Recharge Pure Electric P8 AWD (pre-rename)2022 · Bangkok Metropolitan
฿958,000
XC40 Recharge Pure Electric P8 AWD (pre-rename)2022 · Bangkok Metropolitan
฿959,000
Ultra Single Motor2022 · Bangkok Metropolitan
฿1,150,000
XC40 Recharge Pure Electric P8 AWD (pre-rename)2022 · Bangkok Metropolitan
฿1,197,000
XC40 Recharge Pure Electric P8 AWD (pre-rename)2023 · Bangkok Metropolitan
฿1,299,000

▸ Compare with similar

vs Volvo EC40 Ultra Single Motor MY 2026→vs Volvo EX30 Ultra Twin Motor Performance MY 2026→vs Volvo EX30 Ultra Single Motor Extended Range MY 2026→vs Volvo EX30 Ultra Twin Motor Cross Country MY 2026→
BrandVolvo · Sweden (Volvo Car Group; Geely Holding majority owner since 2010)
ImporterVolvo Car (Thailand) Co., Ltd. — wholly-owned Volvo Car Group subsidiary
Body typeCompact SUV
EVEVCHU
ModelsBrands