Significant price cuts have been applied to Volvo's top-selling electric vehicles to make space for the mid-size EX60, which promises up to 810km of claimed driving range.
Electric Cars
Volvo has dropped prices on its smallest electric cars by up to $11,300 – now starting from about $55,000 drive-away – to clear the way for its BMW iX3 competitor, the EX60, due late this year.
EX30 prices have been cut by $7000 to $11,300, to between $49,990 and $62,990 plus on-road costs, while both EX40 variants are down $7000 to between $69,990 and $74,990 plus on-road costs.
The reductions apply to new orders placed from 1 April 2026, a company spokesperson said, with dealers "managing individual customer queries" from buyers who placed an order prior to that date.
The Chinese-owned Swedish car maker says the price cuts have been applied to make way for the EX60 due later this year, which it claims will "change the game ... in terms of range, charging speed, performance, and price."
| Model | New price | Old price | Change |
| EX30 Single Motor Extended Range Plus | $49,990 | $59,990 | Down $10,000 |
| EX30 Single Motor Extended Range Ultra | $54,990 | $66,290 | Down $11,300 |
| EX30 Cross Country | $62,990 | $69,990 | Down $7000 |
| EX40 Single Motor Extended Range Ultra | $69,990 | $76,990 | Down $7000 |
| EX40 Twin Motor Ultra | $74,990 | $81,990 | Down $7000 |
"Volvo Car Australia has repositioned its 30 and 40 series all-electric vehicles," a brand spokesperson told Drive.
"To accommodate the arrival of the game-changing EX60, it is paramount that we alter our current game plan."
The price cuts open a space between $80,000 plus on-road costs – above the top-of-the-range EX40 – and the $124,990 plus on-road costs of the EX90 seven-seater.
Given the similarly-sized BMW iX3 50 xDrive with 805km of claimed electric range is priced at $109,900 before on-roads, the top-spec EX60 P12 with a 810km range – due mid-2027 – could be positioned similarly.
It leaves room below for an entry-level EX60 P6 rear-wheel drive at about $80,000 to $85,000 before on-roads, and an EX60 P10 all-wheel drive between $90,000 and $100,000.
Volvo is yet to confirm prices for the EX60, and the above estimates represent speculation only.
The price cuts are likely to help sales of both models, as deliveries of the EX30 and EX40 were down about 40 per cent last year to 1281 and 743, respectively.
The share of Volvo sales that are electric decreased from 43.4 per cent to 33.4 per cent last year, despite the arrival of the EX90 – though it only added 209 vehicles to the tally.
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Alex Misoyannis has been writing about cars since 2017, when he started his own website, Redline. He contributed for Drive in 2018, before joining CarAdvice in 2019, becoming a regular contributing journalist within the news team in 2020. Cars have played a central role throughout Alex’s life, from flicking through car magazines at a young age, to growing up around performance vehicles in a car-loving family. Highly Commended - Young Writer of the Year 2024 (Under 30) Rising Star Journalist, 2024 Winner Scoop of The Year - 2024 Winner
