Volvo is trimming its electric vehicle lineup in the United States once again, and the move could make it significantly more expensive for shoppers hoping to buy a battery-powered model from the brand.
Fortunately, a new vehicle appears to be waiting in the wings to take the outgoing one's place.
Here's what to know
After dropping the EX30, Electrek reported Volvo is now also set to remove the EX40 from its U.S. lineup after the 2027 model year, pushing its lowest-priced EV option to nearly $60,000.
The updated EX40 will remain on sale in Europe, but not in the U.S. or Canada. In the American market, the outlet noted that would make the EX60 Volvo's cheapest EV, starting at $59,795 including destination.
Range rises slightly with the newer model. The 2027 EX60 P6 Plus carries an EPA estimate of 307 miles, compared with up to 296 miles for the outgoing 2026 EX40. But the EX40 starts at $56,545, so shoppers would pay more to get into Volvo's next-lowest EV.
That gap may not last forever. Automotive News reported that Volvo is developing an electric crossover called the EX50, which could debut by the end of 2027 for less than $50,000.
TCD Picks » Quince Spotlight
💡These best-sellers from Quince deliver affordable, sustainable luxury for all
According to Electrek, Volvo filed to trademark the EX50 name with the European Union Intellectual Property Office on July 14, 2026. The application indicated the upcoming vehicle would be an EV.
More background
Affordability remains one of the biggest sticking points in EV adoption. A vehicle that starts near $60,000 is simply out of reach for many households, even though electric cars can save owners money over time through lower fuel costs and reduced maintenance.
EVs typically avoid oil changes and have fewer moving parts than gas-powered vehicles, which can help reduce service needs. A lower-priced model can make a major difference.
Automotive News said the model is expected to use Volvo's SPA3 platform, the same architecture as the EX60, which should improve charging speed, interior room, and range.
Volvo also says the EX60 can add 165 miles of range in 10 minutes thanks to its 800V system. The SUV also includes a built-in NACS port, giving drivers access to more than 29,000 Tesla Superchargers without an adapter.
What can be done?
Volvo has called the EX60 a "game-changing SUV," offering "more than enough range, ultra-fast charging, and improved performance."
Electrek reported that the EX60 brings newer charging tech and a modest range bump, while Automotive News said the EX50 could become the lower-cost choice if it arrives for under $50,000.
As it stands, consumers will have to pay more in the short-term to buy a Volvo EV. The new EX50 vehicle could fill a niche and provide great value on the new SPA3 platform.
If you're thinking about buying an electric vehicle, it may be worth comparing more than just sticker prices. Charging access, range, and long-term ownership costs can all significantly affect a vehicle's overall value. Even with some higher-priced models on the market, many EV owners still save on fuel and maintenance over time.
Where can I learn more?
Volvo's smaller lineup of relatively affordable EVs reflects a broader question hanging over the market around whether EVs are attainable or pure luxury purchases. The answer depends on more than badge or range, with manufacturing decisions, upfront prices, and long-term ownership costs all influencing how shoppers size them up.
• Volvo's plan to skirt US tariffs could help lower-cost EVs reach American buyers.
• Across the market, misunderstood myths about EVs still cloud price and ownership debates.
• Rising sticker prices keep whether EVs are luxury vehicles at the center of consumer hesitation.
• Still, many drivers say switching to an electric car cuts fuel and maintenance bills.
For anyone watching Volvo's entry price move higher, this context helps explain what the brand faces next. It also underlines why a more affordable model like the EX50 could have an impact well beyond a single lineup shuffle.
Get TCD's free newsletters for easy tips, smart advice, and a chance to earn $5,000 toward home upgrades. To see more stories like this one, change your Google preferences here.
