Premium 2026 Volvo EX30 electric car now $10,000 cheaper with big price cuts to the Zeekr X rival ahead of the launch of Volvo EX60 family SUV

Volvo has taken a knife to prices of its small SUV line-up with $10,000 sliced off cost-of-entry for its small EX30 Single Motor Extended Plus - now $49,990, before on-road costs.

Base pricing for the slightly larger EX40 has also been cut with the entry-level EX40 Single Motor Extended Ultra reduced by just over nine per cent to $69,990, before on-road costs (was $76,990, BOC).

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“To accommodate the arrival of the EX60 it is paramount that we alter our current game plan. 

“When the all-electric mid-size SUV arrives, it will change the game in the largest electric market segment in terms of range, charging speed, performance, and price,” they said.

The repositioned EX30/EX40 pricing (before on-road costs) is below.

Model	Current price	Previous price	Percentage change
EX30 Single Motor Extended Plus	$49,990	$59,990	-16.6
EX30 Single Motor Extended Ultra	$54,990	$66,290	-17.0
EX30 Cross Country	$62,990	$66,990	- 6.0
EX40 Single Motor Extended Ultra	$69,990	$76,990	- 9.1
EX40 Twin Motor Ultra	$74,990	$81,990	- 8.5

Speaking at Volvo Cars’ most recent investor briefing in Stockholm, the company’s Chief Commercial Officer Erik Severinson confirmed the upcoming EX60 mid-size EV SUV will be priced at the same level as an equivalent plug-in hybrid (PHEV).

So, these small SUV price reductions point to a starting price position for the EX60 at around the same $74,990, before on-road costs, level as the entry-grade XC60 Plus B5 Bright AWD.

The flagship XC60 Ultra T8 Plug-in Hybrid Dark AWD sits at $101,990, BOC.

The mid-size pure-electric EX60 SUV will initially be offered with a choice of two powertrains.

The P6 Electric comes with a single rear motor that produces 275kW/480Nm which delivers a sharp 5.9-second 0-100km/h acceleration time.

And the dual-motor P10 AWD Electric’s dual motors send 375kW/710Nm to all four wheels for a 4.6-seconds 0-100km/h sprint.

Claimed WLTP range is 620km for the former and 660km for the latter, thanks to its larger 95kWh battery.

Charging is near top of the class thanks to Volvo's all-new ‘SPA3’ platform's 800-volt electrics. The P6 can be topped up at up to 320kW, while the AWD P10 rampd that rate up to an impressive 370kW.