Volvo has announced major price cuts to its smallest electric SUV, the EX30, and its larger EX40 ahead of a major repositioning of its electric lineup as it prepares for the arrival of new models.
The EX30, which was launched in 2024 with a starting price of $59,990 for the single motor variant, and has since sold more than 3,500 units, will now start at $49,990 for the EX30 Plus Single Motor variant.
That is a cut of $10,000 off its previous listed price. The EX30 Ultra Single Motor variant sees a $11,300 price reduction and now comes in at $54,990 before on-roads. The top-spec EX30 Cross Country will now start at $62,990 before on-roads.
Similarly, the EX40 Ultra Single Motor starts at $69,990 while the Ultra Twin Motor is reduced to $74,990 before on-roads. Both see a $7,000 reduction off the previous RRP.
The price cuts are in preparation for the arrival of the EX60 SUV, which was first revealed earlier this year and packs some of the latest tech in EV range, safety, comfort, and user experience we have seen from the Swedish brand to date.
Stephen Connor, managing director of Volvo Car Australia, said the company needed to “alter our current game plan” to accommodate the arrival of the “game-changing” EX60.
“When the vehicle arrives to Australia, it will be one of the safest cars on the market, and it represents the purest form of the Volvo Cars Safety standard, going above and beyond regulations and ratings required,” he said.
“The vehicle will also dispel the range anxiety question once and for all, as the EX60 demonstrates that going electric is no longer a compromise. Design, engineering, hardware and software all work together to create a car that optimises driving range and matches many petrol cars.”
At Volvo’s global unveil of the EX60 mid-size SUV, the company promised the biggest battery yet seen in a Volvo EV – 117 kWh – and the longest range of 810 kms.
Detailed Australian specs and pricing of the EX60 will be announced closer to its launch, later in 2026.
The latest round of price cuts comes at a time when fuel prices are also hovering at recent highs, helping shift drivers’ interest towards EVs.
