2023 Volvo XC40 vs 2024 Toyota Sequoia

In Volvo speak, “40” denotes an entry-level model. While the Swedish automaker no longer rosters the S40 sedan or V40 wagon in North America, the XC40 subcompact crossover remains to compete with the likes of the Audi Q3, the BMW X1, the Lexus UX, and the Mercedes-Benz GLA for aspiring luxury-car owners’ dollars.

The XC40 was unveiled in 2017, arriving as a 2019 model, and it hasn’t undergone a redesign since. An all-electric Volvo XC40 Recharge variant joined the lineup as a 2021 model. Volvo’s other current EV, the C40 Recharge, is also broadly similar to the XC40 models, but with a coupe-like body style.

For 2023, Volvo gave the XC40 several notable updates, including new mild-hybrid powertrains, revised styling, and the Android-based infotainment system previously seen on the XC40 Recharge and other Volvo models.

The mild-hybrid lineup includes base Core, mid-level Plus, and top Ultimate trim levels, with standard B5 all-wheel drive (AWD) drivetrains (the B4 front-wheel drive, or FWD, version offered in the US is not available in Canada). This Volvo XC40 review is based on the Ultimate trim in B5 AWD spec.

The Toyota Sequoia gained a standard hybrid powertrain when it entered its third generation, just last year. While the tech updates were widely celebrated and the facelift considered unobjectionable even by its harshest critics, the move to hybrid power proved to be something of a mixed bag. Increased towing and hauling power bolstered the obvious advantage of improved fuel economy, but impact was somewhat dampened by the reduction in cargo and third-row space to accommodate the new battery.

Verdict: The Sequoia may not be the most capable full-size SUV in the segment, and it’s certainly not the most spacious. It is, however, the only hybrid in its class, and it offers a blend of seating capacity, towing power, and fuel efficiency you won’t find elsewhere—at least, not if you don’t want to go diesel.