Volvo to launch second SPA3 electric car in Europe next year, positioned below the EX60
By Eve
Volvo will bring a second electric model based on its SPA3 platform to Europe next year, with deliveries due to begin after summer and a target of "a large lower-priced market segment" than the EX60, which is priced from £57,000 to £70,000. It is one of 13 new cars Volvo plans to launch globally by 2030, engineered mainly for Europe under a regionalised development strategy, alongside a US flagship SUV on the XC90's SPA2 platform and six China models using Geely architecture. Volvo has given no firm details, but the positioning suggests a smaller C-segment SUV that could replace the EX40, which starts at £44,000, while the petrol XC40 stays on sale.
Why it matters
A volume-focused, lower-priced Volvo EV for Europe points to more mainstream-priced electric cars joining the parc from late next year, which feeds into long-term charging demand forecasts. Procurement teams and CPOs should note the competitive pressure this adds in the C-segment against rivals such as the Elroq.
Source
- Source
- https://www.autocar.co.uk/car-news/new-cars/new-2027-volvo-ex40-swedens-crucial-elroq-rival-shapes
- Original title
- “New 2027 Volvo EX40: Sweden's crucial Elroq rival shapes up”
- Published
- 3 November 2026
- Updated
- 4 November 2026
In this story
- Topic
- Electric Vehicles
- Place
- Sweden
- Tag
- Volvo
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