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Volvo XC40 vs Toyota RAV4 Plug-in Hybrid

2023 Volvo XC40
2023 Volvo XC40
$36,350MSRP
Overview
Overview
OverviewShop Now
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2026 Toyota RAV4 Plug-in Hybrid
Not Available
Overview
Overview
OverviewShop Now
2023 Volvo XC40
$36,350MSRP
Overview
Overview
OverviewShop Now
2026 Toyota RAV4 Plug-in Hybrid
Not Available
Overview
Overview
OverviewShop Now

Overview

Years produced

2019-Present

Years produced

2025-Present

MSRP

$36,350

MSRP

Listings

497

Listings

115

Ratings & Reviews

User Reviews
User Reviews

Expert reviews

7.5 out of 10

Expert reviews

7.0 out of 10

Pros

  • Stylish design

  • Multiple powertrain options

  • Comfortable

Cons

  • Not much cargo space

  • Recharge model is expensive

Pros

  • New sporty GR Sport grade

  • More electric range

  • Powerful

Cons

  • PHEV charge port inconsistencies

  • Over-the-top GR Sport accents

  • Price

Reviews Summary

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.

Reviews Summary

The more powerful RAV4 PHEV is even stronger for 2026, and Toyota has introduced a new GR Sport trim to showcase its sportier side. The expanded lineup has three distinct trims, and the electric range has increased by at least 20% over the 2025 RAV4. With these changes, Toyota has furthered its lead over plug-in hybrid newcomers such as the Hyundai Tucson and Kia Sportage — and even the Lexus NX 450h+.

Verdict: This is the best version of the RAV4, though the slightly sportier GR Sport pushes the bounds of affordability. With improved tech and a greater focus on electrification as well as available DC charging, the RAV4 Plug-in Hybrid leans forward.

No video found
No video found

Popular Features & Specs

Engine

2.0L 194 hp I4

Engine

Drive Train

FWD

Drive Train

Seating Capacity

5

Seating Capacity

Horsepower

194 hp @ 4800 rpm

Horsepower

MPG City

24

MPG City

MPG Highway

32

MPG Highway

2023 Volvo XC40
2023 Volvo XC40
$36,350MSRP
Overview
Overview
OverviewShop Now
Photo not loading
2026 Toyota RAV4 Plug-in Hybrid
Not Available
Overview
Overview
OverviewShop Now
2023 Volvo XC40
$36,350MSRP
Overview
Overview
OverviewShop Now
2026 Toyota RAV4 Plug-in Hybrid
Not Available
Overview
Overview
OverviewShop Now

Overview

Years produced
2019-Present
2025-Present
MSRP
$36,350
Listings

Ratings & Reviews

User reviews

4.6

5.0

Expert reviews

7.5 out of 10

Read full review

7.0 out of 10

Read full review
Pros & cons

Pros

  • Stylish design

  • Multiple powertrain options

  • Comfortable

Cons

  • Not much cargo space

  • Recharge model is expensive

Pros

  • New sporty GR Sport grade

  • More electric range

  • Powerful

Cons

  • PHEV charge port inconsistencies

  • Over-the-top GR Sport accents

  • Price

Summary

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 more powerful RAV4 PHEV is even stronger for 2026, and Toyota has introduced a new GR Sport trim to showcase its sportier side. The expanded lineup has three distinct trims, and the electric range has increased by at least 20% over the 2025 RAV4. With these changes, Toyota has furthered its lead over plug-in hybrid newcomers such as the Hyundai Tucson and Kia Sportage — and even the Lexus NX 450h+.

Verdict: This is the best version of the RAV4, though the slightly sportier GR Sport pushes the bounds of affordability. With improved tech and a greater focus on electrification as well as available DC charging, the RAV4 Plug-in Hybrid leans forward.

Video
No video found
No video found

Popular Features & Specs

Engine
2.0L 194 hp I4
Drive Train
FWD
Seating Capacity
5
Horsepower
194 hp @ 4800 rpm
MPG City
24
MPG Highway
32
Look and feel

2023 Volvo XC40

9/10

2026 Toyota RAV4 Plug-in Hybrid

7/10

The 2023 Volvo XC40 maintained its distinctive appeal with a flat-roofed profile that was quintessentially SUV-like, embodying Volvo’s clean design language. The exterior updates included pixelated “Thor’s Hammer” headlights, a more angular front bumper, and new wheel designs, which were subtle enough that even current owners might have needed a moment to spot the differences. The XC40 Recharge was more easily identifiable with its new sealed-off grille. Inside, the minimalist design continued with thin air vents and scalloped elements housing door handles and speaker grilles. The interior offered dual-zone automatic climate control and optional leather upholstery, with vegan leather for Recharge models. The XC40 Ultimate test vehicle featured a panoramic moonroof and an Orrefors crystal shift knob, though the all-black interior felt somewhat utilitarian.

The 2026 Toyota RAV4 Plug-in Hybrid, available exclusively in Sport design in Canada, showcased a bold, square aesthetic with a truck-like presence. The GR Sport trim, inspired by Toyota’s Gazoo Racing division, featured racier elements like red brake calipers, a big rear wing, and a wide mesh grille. The interior offered a 12.3-inch digital instrument cluster and a 10.5-inch touchscreen, with a larger 12.9-inch option on top trims. The cabin was equipped with wireless Apple CarPlay and Android Auto, and the climate controls were integrated into the touchscreen. The GR Sport trim stood out with red stitching on black upholstery and sporty badging, while the centre console housed a mechanical gear shifter or a shift-by-wire setup, depending on the trim.

Picture of 2023 Volvo XC40
Performance

2023 Volvo XC40

8/10

2026 Toyota RAV4 Plug-in Hybrid

7/10

The 2023 Volvo XC40 introduced mild-hybrid powertrains, featuring a 48-volt electrical system and a 13-horsepower integrated starter generator. The B5 models in Canada were powered by a 2.0-litre turbo-four-cylinder engine, delivering 247 hp and 258 lb-ft of torque, paired with an eight-speed automatic transmission. The B5 models could accelerate from zero to 60 mph in 6.1 seconds, offering a refined driving experience with smooth power delivery. The XC40 Recharge, with its two electric motors, produced a combined 402 hp and 486 lb-ft of torque, achieving zero to 60 mph in 4.7 seconds and offering a 359-kilometre range. The Recharge also had a higher towing capacity of 2,000 kg compared to the B5 AWD model’s 1,587 kg.

The 2026 Toyota RAV4 Plug-in Hybrid featured an updated 2.5-litre inline four-cylinder engine, rated at 186 hp, and a larger 22.7-kwh battery pack. The PHEV’s power increased to 324 hp, making it the most powerful RAV4 to date. It offered an estimated 80-kilometre electric range, with all-wheel drive as standard. The RAV4 PHEV could accelerate from zero to 100 km/h in the low five seconds, with the front motor supplementing the engine for quick acceleration. The vehicle offered multiple driving modes, including EV, Hybrid, and Charge, allowing for efficient energy management. The GR Sport trim, with its lower stance and enhanced suspension, provided a sportier driving experience, though the RAV4 PHEV’s weight was noticeable in corners.

Form and function

2023 Volvo XC40

7/10

2026 Toyota RAV4 Plug-in Hybrid

7/10

The 2023 Volvo XC40, while compact, offered reasonable space with competitive rear-seat headroom and average legroom. It provided 566 litres of cargo space with the rear seats up and 1,328 litres with them folded. The interior featured clever storage solutions, such as scalloped door panels and a spacious centre console storage bin. A power tailgate and keyless entry were standard.

The 2026 Toyota RAV4 Plug-in Hybrid maintained similar dimensions to its predecessor, optimizing interior space with smart storage features. The cabin included a shelf over the dashboard, a storage shelf between the stack and console, and deep door pockets. The RAV4 PHEV offered 960 millimetres of rear legroom and 951 litres of cargo space, expanding to 1,798 litres with the rear seats folded. The interior was equipped with conveniences like power-adjustable and heated front seats, with ventilated seats standard on higher trims.

Technology

2023 Volvo XC40

8/10

2026 Toyota RAV4 Plug-in Hybrid

8/10

The 2023 Volvo XC40 featured an Android-based infotainment system with Google apps, including Google Maps and Google Assistant. A 12.3-inch digital instrument cluster and a 9-inch touchscreen were standard, with a 13-speaker Harman Kardon audio system available. The system’s graphics were pleasing, though users preferring Apple might find the Google features less satisfying. The minimalist design meant most controls were accessed via the touchscreen.

The 2026 Toyota RAV4 Plug-in Hybrid boasted a new 12.3-inch digital instrument cluster and an enhanced 10.5-inch touchscreen, with a larger 12.9-inch option on top trims. The system included wireless Apple CarPlay and Android Auto, with climate controls integrated into the touchscreen. Toyota’s new operating system, Arene, offered improved responsiveness and a subscription-based Voice Assistant. The system allowed for easy access to charging information and route planning.

Safety

2023 Volvo XC40

8/10

2026 Toyota RAV4 Plug-in Hybrid

7/10

The 2023 Volvo XC40 came with a comprehensive list of standard safety features, including lane-keep assist, automatic emergency braking, and blind-spot monitoring. The XC40 Plus added parking sensors and a 360-degree camera, while the Ultimate included adaptive cruise control and Pilot Assist. The XC40 received top safety ratings from the IIHS and NHTSA, though it had an “Acceptable” rating in the updated side-impact test.

The 2026 Toyota RAV4 Plug-in Hybrid featured Toyota Safety Sense 4.0, with enhanced camera and radar detection. Standard safety features included automatic emergency braking, lane departure alert, and adaptive cruise control. The RAV4 PHEV also offered a safe exit alert and a surround-view camera system on higher trims. The vehicle’s safety record was expected to remain strong, pending crash-testing results from the IIHS and NHTSA.

Cost Effectiveness

2023 Volvo XC40

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2026 Toyota RAV4 Plug-in Hybrid

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CarGurus highlights

Winning Vehicle Image

According to CarGurus experts, the overall rating for the 2023 Volvo XC40 is 7.5 out of 10, while the 2026 Toyota RAV4 Plug-in Hybrid scores 7.0 out of 10. Based on these ratings, the 2023 Volvo XC40 is recommended for its superior refinement, safety features, and overall value.

Choose the 2023 Volvo XC40 if:

7.5of 10overall
  • You prioritize a refined driving experience with smooth power delivery and high levels of comfort.
  • You value a minimalist interior design with clever storage solutions and premium audio options.
  • Safety is a top priority, with a comprehensive suite of standard features and strong safety ratings.
247 results
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Choose the 2026 Toyota RAV4 Plug-in Hybrid if:

7of 10overall
  • You seek a powerful and efficient plug-in hybrid with a substantial electric range and multiple driving modes.
  • You prefer a sportier design with enhanced suspension and a lower stance for improved handling.
  • You want a well-equipped interior with advanced technology and smart storage features.
42 results
See all

CarGurus highlights

Winning Vehicle Image

According to CarGurus experts, the overall rating for the 2023 Volvo XC40 is 7.5 out of 10, while the 2026 Toyota RAV4 Plug-in Hybrid scores 7.0 out of 10. Based on these ratings, the 2023 Volvo XC40 is recommended for its superior refinement, safety features, and overall value.

Choose the 2023 Volvo XC40 if:

Shop Now
7.5of 10overall
  • You prioritize a refined driving experience with smooth power delivery and high levels of comfort.
  • You value a minimalist interior design with clever storage solutions and premium audio options.
  • Safety is a top priority, with a comprehensive suite of standard features and strong safety ratings.
247 results

Choose the 2026 Toyota RAV4 Plug-in Hybrid if:

Shop Now
7of 10overall
  • You seek a powerful and efficient plug-in hybrid with a substantial electric range and multiple driving modes.
  • You prefer a sportier design with enhanced suspension and a lower stance for improved handling.
  • You want a well-equipped interior with advanced technology and smart storage features.
42 results

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By: CarGurus + AI

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