Volvo EX40 2026 News

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).When contacted for background on the pricing changes a Volvo Car Australia spokesperson told CarsGuide, “In preparation for the introduction of the game-changing EX60 to local shores Volvo Car Australia has repositioned its 30 and 40 series all-electric vehicles.“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.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.