Tesla Model Y vs Volvo EX40
Two electric SUVs go head to head. Which EV is the better buy for Australian drivers in 2026?
Specifications and pricing correct at time of publishing. Prices are RRP before on-road costs unless stated otherwise. Always confirm with the manufacturer or dealer before purchasing.
Price Breakdown
The Tesla Model Y starts from $65,900 before on-road costs, while the Volvo EX40 opens at $76,990. That makes the Tesla Model Y the more affordable entry point by $11,090.
Once you factor in stamp duty, registration, CTP insurance, and dealer delivery, expect to add roughly 8-12% on top of the RRP depending on your state. That puts estimated driveaway prices in the ballpark of $72,490 and $84,689 respectively.
Both models qualify for Fringe Benefit Tax (FBT) exemption, which is a significant advantage for salary-sacrificed novated leases. Depending on your tax bracket, this can save $5,000-$15,000+ per year compared to an equivalent ICE vehicle.
Safety Rundown
Both the Tesla Model Y and Volvo EX40 hold a 5-star ANCAP safety rating.
Where the two diverge is in active safety technology. The Tesla Model Y packs more ADAS features with 8 out of 10 key systems fitted, compared to 5 in the Volvo EX40.
Both include the essentials: autonomous emergency braking, lane keep assist, adaptive cruise control, a reversing camera. Airbag count is 8 in the Tesla Model Y and 7 in the Volvo EX40.
Feature Showdown
The Tesla Model Y features a 16-inch touchscreen, while the Volvo EX40 gets a 9-inch display. Apple CarPlay and Android Auto are standard across both.
The Tesla Model Y stands out with Apple CarPlay, panoramic roof and ambient lighting that you will not find on the Volvo EX40. The Volvo EX40 counters with wireless Apple CarPlay/Android Auto, head-up display, wireless charging, heated front seats and Harman Kardon audio. Which feature set matters more depends on your daily routine and priorities.
Interior trim differs: the Tesla Model Y gets vegan leather upholstery while the Volvo EX40 offers textile/leather blend.
Drivetrain
The Tesla Model Y uses a Electric Motor producing 194kW and 340Nm of torque, sent through a automatic to a RWD layout. It covers the 0-100km/h sprint in 5.9 seconds.
The Volvo EX40 responds with a Electric making 185kW and 420Nm, paired to a single-speed driving the rear wheels. It gets to 100km/h in 7.3 seconds.
The Tesla Model Y has the clear power advantage at 194kW vs 185kW. In the real-world sprint, the Tesla Model Y is 1.4s quicker. For most buyers, the way each car feels day-to-day matters more than outright acceleration.
Battery: 60kWh (Tesla Model Y) vs 82kWh (Volvo EX40), giving WLTP ranges of 620km and 520km. DC fast charging peaks at 175kW (Tesla Model Y) vs 150kW (Volvo EX40).
Space & Comfort
The Tesla Model Y measures 4,792mm long on a 2,890mm wheelbase, 352mm longer than the Volvo EX40 at 4,440mm (2,702mm wheelbase). The longer wheelbase on the Tesla Model Y generally means more rear legroom.
Boot space is 854L in the Tesla Model Y and 536L in the Volvo EX40, giving the Tesla Model Y a 318L advantage.
For towing, the Volvo EX40 leads with a 1,800kg braked capacity vs 1,600kg. That 200kg difference matters if you regularly hitch up.
Turning Circle
Kerb-to-kerb diameter. Smaller turns easier in tight carparks and U-turns.
11.4m to 12.1m
Based on 12.1m turning circle:
- U-turn on standard street (7m+ wide)
- Standard parking bay
- Tight carparks
- Narrow laneways
Based on 11.4m turning circle:
- U-turn on standard street (7m+ wide)
- Standard parking bay
- Tight carparks
- Narrow laneways
Turning circle ratings
True Cost to Own
Running cost data is not yet available for both models. We will update when figures are confirmed.
Warranty: 5 years / 80,000km (Tesla Model Y) vs 5 years / 999,999km (Volvo EX40). Both match on warranty length.
Who Should Buy Which?
Buy the Tesla Model Y if: You want the lower entry price, prioritise performance, need more boot space, or prefer Tesla's approach to design and ownership experience.
Buy the Volvo EX40 if: You need stronger towing, or prefer Volvo's approach to design and ownership experience.
The Verdict
The Tesla Model Y takes 7 of 9 key spec categories and comes in at a lower price. If boot space matters, the Tesla Model Y has a clear edge. The best pick depends on what you value most. Explore the full specs for each model below.
Disclaimer: All information in this comparison was believed to be correct at the time of publishing (20 April 2026). Prices are manufacturer recommended retail prices (RRP) and may vary by state, dealer, and options. Driveaway costs include estimated on-road costs for Victoria. Fuel economy figures are WLTP/ADR combined cycle. Specifications can change without notice. Always verify with the manufacturer before making a purchase decision. CarSorted does not accept payment for recommendations.
Published by CarSorted Editorial Team · 20 April 2026
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