Volvo teases a new affordable EV to replace discontinued EX30

A striking development has emerged in artificial intelligence. Transportation TransportationPosts from this topic will be added to your daily email digest and your homepage feed. FollowSee All Transportation News NewsPosts from this topic will be added to your daily email digest and your homepage feed. FollowSee All News Cars CarsPosts from this topic will be added to your daily email digest and your homepage feed.

FollowSee All CarsVolvo teases a new affordable EV to replace discontinued EX30The new EV won’t be the same price as the EX30, which was supposed to start at $35,000, but ended up being much more than that thanks to tariffs. The new EV won’t be the same price as the EX30, which was supposed to start at $35,000, but ended up being much more than that thanks to tariffs. HawkinsTransportation editorPosts from this author will be added to your daily email digest and your homepage feed.

Technical Details

FollowSee All by Andrew J. HawkinsMay 18, 2026, 8:41 PM UTC Image: VolvoPart OfThe great EV pullback: all the obstacles, cancellations, and delayssee all updates Andrew J. HawkinsPosts from this author will be added to your daily email digest and your homepage feed.

FollowSee All by Andrew J. Hawkins is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State.

Volvo’s compact, quirky EX30 had a lot of problems when it was first released. Tariffs essentially erased its affordability, making it more expensive to own, and a battery recall made it dangerous to park indoors. But its discontinuation didn’t spell the end of Volvo’s efforts to sell more affordable electric models.

Industry Implications

In fact, the Swedish automaker is already at work on a new offering for the US market. The news of an affordable Volvo EV for the US came during a media roundtable this week related to the US launch of the new EX60. Luis Rezende, president of Volvo Cars America, said that the decision to discontinue the EX30 was not solely about tariffs and profitability, noting that the company is preparing to introduce a new EV in 2027 that will occupy a similar role in the lineup — though not necessarily at exactly the same price point as the EX30.

“Very similar, I would say,” Rezende said about the mystery EV’s price comparison to the EX30. “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. ”Other than that, details were scarce.

Volvo’s executives talked later about the desire to build a larger, family-oriented SUV at its factory in Charleston, South Carolina — though that vehicle will likely use a “multi-fuel” strategy rather than being exclusively electric from launch. The EX60, which will start customer deliveries in the US this summer, is for now Volvo’s only electric offering in North America.

This advance offers important signals about the future of the sector, and the tech world is watching closely.