Volvo’s new EV costs the same to lease as a Tesla Model Y Premium, but here’s the catch
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- Volvo announced the 2027 EX60 midsize electric SUV starts at $58,400, $23,000 cheaper than the three‑row EX90 and below the price of the BMW iX3.
- Volvo’s lease for the EX60 P6 Plus is $599 per month for 36 months with $6,409 due at signing, matching the Tesla Model Y Premium RWD lease price.
- Tesla Model Y Premium RWD lease is $599 per month for 36 months with $4,295 due at signing; matching Volvo's $6,409 down payment drops the monthly to $534.
- BMW iX3 lease costs $798 per month for 36 months with $6,409 due at signing, making it more expensive than the EX60 lease.
- Hyundai IONIQ 9 Calligraphy Design lease is $617 per month for 36 months with $6,409 due at signing, offering a similar price to the EX60 despite a $20,000 higher sticker price.
Why it matters: Buyers can now lease a premium midsize EV for $599/month, undercutting Tesla's Model Y while Volvo pushes its EX60 as a cost‑effective alternative; this price pressure could blunt Tesla’s momentum as it rolls out robotaxi services in Dallas and Houston.
