Volvo Plans New Electric Vehicle for U.S. Market in 2027
Volvo Cars America president Luis Rezende said the company is developing a new electric vehicle for the U.S. market that will launch in 2027. The model will be larger than the discontinued EX30 and will not match the EX30's original $34,950 target price.
finance.yahoo.comU.S. market that will launch in 2027. The model will be larger than the discontinued EX30 and will not match the EX30's original $34,950 target price. U.S. launch of the EX60. Rezende described the upcoming vehicle as "very similar" in price positioning to the EX30 while offering more interior space and driving enjoyment.
The EX30 was originally announced in 2023 with a planned starting price of $34,950. U.S. arrival until 2025 and raised the starting price to $44,900. In February, Volvo issued a battery recall for the EX30 over risks of overheating or fire. U.S. the following month.
U.S. this summer. Entry-level P6 Plus versions start at $59,795, while the P10 AWD Ultra reaches $68,745. Volvo executives also discussed plans for a larger family-oriented SUV to be built at the company's factory in Charleston, South Carolina. That vehicle is expected to use a multi-fuel powertrain strategy rather than being exclusively electric at launch.
"It's going to be an EV that will deliver a lot of good things in a bigger space, but it will be also fun to drive, I can promise you.
Key Facts
Story Timeline
5 events- 2023
Volvo announced the EX30 with a planned starting price of $34,950.
1 sourceThe Verge - 2025
The EX30 reached the U.S. market at a starting price of $44,900.
1 sourceThe Verge - February 2026
Volvo issued a battery recall for the EX30 over fire risk.
1 sourceThe Verge - March 2026
Volvo discontinued the EX30 in the U.S. market.
1 sourceThe Verge - May 18, 2026
Volvo Cars America president Luis Rezende announced plans for a new EV launching in 2027.
1 sourceThe Verge
Potential Impact
- 01
Volvo will offer a larger electric SUV option in the U.S. beginning in 2027.
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