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Report: Volvo's New Entry-Level EV Will Be Longer, Taller, and Less Pricey Than the EX40
The model will ride on Volvo’s SPA3 architecture and start in the high $40,000s, as the EX30 is phased out after 2026.
- On Monday, Automotive News reported that Volvo plans to launch the EX50 electric crossover in the United States by late 2027 with a starting price in the high $40,000 range.
- This new model will replace the EX40 and EX30 as Volvo's entry-level electric offering, competing in the compact SUV segment against the Hyundai Ioniq 5 and Ford Mustang Mach-E.
- Manufacturing will occur at Volvo's new $1.3 billion facility in Slovakia with an annual production capacity of 250,000 vehicles, utilizing the SPA3 platform shared with the EX60.
- Positioned roughly $10,000 cheaper than the EX60, Volvo expects to sell up to 10,000 units in the United States during the vehicle's first year on the market.
- While a Volvo spokesperson declined to confirm future products, they stated that electric vehicles are "where we see the market growing," even as the company adjusts its all-EV brand goals.
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14 Articles
14 Articles
The fully electric Volvo EX50, based on ultra-modern 800 V technology, is coming soon.
·Hungary
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Coverage Details
Total News Sources14
Leaning Left1Leaning Right0Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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