https://i.i-sgcm.com/new_cars/cars/21881/21881_g1
https://i.i-sgcm.com/new_cars/cars/21881/21881_g2
https://i.i-sgcm.com/new_cars/cars/21881/21881_g3
https://i.i-sgcm.com/new_cars/cars/21881/21881_g4
https://i.i-sgcm.com/new_cars/cars/21881/21881_g5
https://i.i-sgcm.com/new_cars/cars/21881/21881_g6
https://i.i-sgcm.com/new_cars/cars/21881/21881_g7
https://i.i-sgcm.com/new_cars/cars/21881/21881_g8
https://i.i-sgcm.com/new_cars/cars/21881/21881_g9
https://i.i-sgcm.com/new_cars/cars/21881/21881_g10
https://i.i-sgcm.com/new_cars/cars/21881/21881_g11
https://i.i-sgcm.com/new_cars/cars/21881/21881_g12
https://i.i-sgcm.com/new_cars/cars/21881/21881_g13
https://i.i-sgcm.com/new_cars/cars/21881/21881_g14
https://i.i-sgcm.com/new_cars/cars/21881/21881_g15

Volvo EX40 Electric

$261,000
Distributor
Wearnes Automotive (Volvo)
249 Alexandra Road (159935)
Built in
China (launched 2024)
Vehicle Type
Rating
Submodel
Plus 70 kWh(A)
$261,000
greenArrowIcon
5.34km/kWh • 235bhp • Single-speed (A)
Current price
$261,000
price sign image
Price Decreased by $ 5,000 on 06 Jun 2025
View full price history
Depreciation
$25,600 /yr
Downpayment
$104,400 (Maximum 60% loan)
Instalment
$2,253 /mth
COE quota premium
$113,000 (Category B COE)
Road tax
$1,941 /yr
OMV
$40,900
ARF
$9,710 (After VES & EEAI rebates)
VES
$25,000 (Rebate)
EEAI
$15,000 (Rebate)
Total basic cost
$175,450
Premium
49%
Previous recorded price
$266,000
Highest recorded price
$281,000 (Past 6 mths)
Lowest recorded price
$260,000 (Past 6 mths)

Editorial Reviews

icon image
What we like
icon bold check
Adaptive Pedal Response works well
icon bold check
Easy and effortless pace
icon bold check
Comfortable and easy-to-drive
icon bold check
Approachable EV
What we don’t like
icon bold cross
Starting to feel its age
icon bold cross
Doesn't get the maximum benefits of a dedicated EV platform

Consumer Reviews

5.0
Excellent | 1 User Review
An Elegant EV
I"Ve owned this car for 6 months. Despite it not being a new or dedicated EV platform, this car has its strengths. 1) Android Automotive OS. Gets regular OTA updates (a rarity on most other EVs from legacy brands), which means you don't have to keep connecting your phone via Android Auto or Carplay. This saves your phone battery. The OTA updates bring small but meaningful software improvements. That said, sometimes the system may be a bit buggy. You also get built in route planning with charger stops and % estimated charge at each destination. Besides Tesla, most other EVs in the Spore market don't offer this. 2) Ride. Nice steering feel, effective one pedal drive option, good comfort and NVH levels. The adaptive cruise control works well and the built in safety systems aren't intrusive/annoying. Power and torque are more than adequate for most folks. 3) Efficiency is ok. I get about 15kWh/100km for local driving. 4) Backseat room is not bad, but the presence of the middle hump is suboptimal compared to the flat floor some other EVs offer. A retractable roof shade is built in, which is important for our hot and sunny weather. If you discuss with the sales executives, you can probably get a decent discount on the price of the car, which makes it much more attractive and competitive compared to non-premium car brands e.G. BYD, Tesla, Hyundai and a bit of a steal compared to traditional premium brands e.G. Audi, BMW, Merc. Overall, I'm happy with the car, but excited to see what the next generation EX40 can bring with the SPA3 platform in a few years time.... Read More

Similar New Cars

Recommended For You

rental vehicle image
$0 down payment
Flexible 3 to 36 months
Transparent Pricing
Explore Car Leasing now!
Select car from the Search results to compare.