What it costs to charge a 2026 Volvo EX40 in New Jersey

At New Jersey's residential electricity rate of 23.65¢/kWh, a 2026 Volvo EX40 (rated 31.7 kWh per 100 miles by the EPA) costs $7.5 to drive 100 miles on home charging, against $16.02 for the same distance in a car averaging 25.5 mpg on gasoline at $4.085/gallon. That works out to 53.2% cheaper per mile than gasoline in New Jersey — charging at home is much cheaper than gas here.

2026 Volvo EX40: yearly cost in New Jersey

Home charging this 2026 Volvo EX40 in New Jersey runs about $1,125 over fueleconomy.gov's default 15,000 annual miles, versus about $2,403 for the gasoline equivalent. Call it about $1,278 saved annually, at this mileage.

Filling up the 2026 Volvo EX40, in dollars

$22.19 — that's what New Jersey's 23.65¢/kWh rate puts on the 93.8 kWh a 2026 Volvo EX40 needs for its full 296-mile EPA range.

Where this ranks

Among all 20,400 state-and-model combinations this site tracks, charging a 2026 Volvo EX40 in New Jersey ranks 14,177 for cost savings versus gas — 1 being the best deal nationally. Separately, the Volvo EX40 ranks 83 of 400 EV models for raw efficiency, and New Jersey ranks 40 of 51 for cheapest residential electricity.

Getting set up to charge a 2026 Volvo EX40 at home

Everything above is the per-mile and per-year cost once a home charger exists — getting one installed is a separate electrical job whose price depends on your panel and wiring, not the state average used here.

Line up a few New Jersey electrician quotes for Level 2 install before you commit either way.

More on how this number was built

See the methodology guide for exactly which EIA and EPA figures feed 2026 Volvo EX40's cost in New Jersey. At 23.65¢/kWh, New Jersey sits in the middle of the national range — the guide to why charging cost varies by state shows where.