Volvo to Launch $35k EV Replacement for EX30 in 2027
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- Volvo confirmed the EX30 will be discontinued from its U.S. lineup after the 2026 model year, citing market conditions and financial factors.
- Volvo announced a new entry‑level EV for 2027 that will fill the EX30’s void, with a price point “very similar” to the $35,000 target originally set for the EX30.
- Volvo opened orders for the 2027 EX60 with a base price of $58,400 and a range of up to 307 miles; the top‑spec P12 AWD can reach 400 miles and add 173 miles in 19 minutes at 370 kW.
- Volvo said the upcoming entry‑level EV will be larger than the EX30, offering more space and a fun driving experience, though detailed specs remain undisclosed.
- Volvo is offering a purchase allowance of up to $7,500 and 0% APR financing on its current EV lineup to clear inventory ahead of the new model’s arrival.
- Trump Administration tariffs were mentioned as a factor but not the sole cause of the EX30’s discontinuation, according to Volvo president Luis Rezende.
Why it matters: U.S. buyers seeking an affordable premium EV lose the EX30 but gain a slightly larger, similarly priced replacement, while Volvo clears inventory with incentives and pivots to higher‑margin models like the EX60, potentially reshaping its U.S. EV lineup and could improve its market share in the competitive sub‑$40k segment.
