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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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13 Articles
13 Articles
Volvo would prepare a new electric SUV which, on paper, ticks all boxes at the same time. Larger than the current EX40, more modern, but announced with a price in sharp decline. What would seriously push the hierarchy of the Swedish brand's zero emission family SUVs. According to several consistent industrial information, this model would take the name of Volvo EX50. It would replace the EX40 in the electric range. Arrival planned in autumn 2027…
Coverage Details
Total News Sources13
Leaning Left1Leaning Right0Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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