Volvo’s next electric SUV will start in the upper $40,000 range
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- Volvo will launch the EX50 electric SUV in the US starting in the upper $40,000 range, replacing the EX40 (currently $56,545) as its most affordable EV, with dealership arrival set for 2027.
- The EX50 will be built on Volvo's SPA3 800-volt platform (shared with the upcoming EX60), delivering faster charging, longer range, and more interior space, and will be larger than the EX40.
- Volvo will manufacture the EX50 (codenamed V326) at its Kosice, Slovakia plant, the same facility slated to produce the Polestar 7.
- Volvo filed a trademark for the EX50 name with the European Union Intellectual Property Office (EUIPO) the same week it announced plans to unveil two new EVs by summer's end.
- Volvo's Q2 fully electric vehicle sales fell 44% to just over 1,500 models in the US, with Electrek attributing the decline to Trump Administration import tariffs and the loss of the $7,500 federal EV tax credit.
- The EX50 enters a crowded segment where the Tesla Model Y leads by a wide margin, followed by the Model 3, Hyundai IONIQ 5, Toyota bZ, and Chevy Equinox EV.
Why it matters: By pricing the EX50 under $50,000, Volvo undercuts its own EX40 by roughly $10,000 and positions itself closer to the Tesla Model Y's price band — a critical move after Q2 EV sales collapsed 44% to ~1,500 units under tariff pressure and the expired federal tax credit.
