Latest Update: 2025 Volvo EX30 is expected to arrive in 2024, with the price of $35,000.

Set to make its grand entrance into the American automotive scene in 2024 as a 2025 model, the eagerly awaited Volvo EX30 has already made waves with its inaugural global sales just weeks ago.

This compact premium crossover/SUV boasts a sleek and minimalistic Scandinavian design, built upon Geely’s cutting-edge Sustainable Experience Architecture 2 (SEA2) platform.

In the United States, buyers can choose between two main versions—the Single Motor Extended Range (rear-wheel drive) and the Twin Motor Performance (all-wheel drive). Both variations share a common 69-kilowatt-hour battery with 64 kWh usable capacity. The RWD version packs an estimated power output of 200 kilowatts, while its dual-motor counterpart reaches an impressive 314 kilowatts.

For European consumers, there’s an additional entry-level option—the Single Motor Standard Range version. This variant features a more economical 51-kilowatt-hour LFP battery (with 49 kWh usable capacity), enhancing its affordability without compromising on performance.

Turning attention to pricing, the Volvo EX30 Single Motor, in the entry-level Core trim, kicks off at an MSRP of $34,950, with a $1,295 destination charge bringing the total to $36,245—an intriguing proposition indeed. Stepping up to other trims, prices start at $38,900 (Plus) and $40,600 (Ultra).

It’s worth noting that due to its current manufacturing location in Zhangjiakou, China, and subsequent importation to the U.S., the EX30 does not qualify for the $7,500 federal tax credit. However, an enticing leasing option might still open the door to this incentive. In a strategic move announced in October, Volvo Cars, responding to “strong demand,” revealed plans to expand production to Europe, with Ghent, Belgium, joining the manufacturing lineup.

The introduction of the Volvo EX30 marks a pivotal moment for the brand, bringing a significant reduction in the price of all-electric cars within the Volvo portfolio. Additionally, its entry into the compact car segment addresses a critical need for more models and increased competition in this space. The EX30 is poised not just to be a new addition to the lineup but a catalyst for positive change in the automotive landscape.

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