Volvo to launch lower-priced SPA3-based EV in 2027

Volvo will launch a second SPA3-based EV after the EX60, positioned as a smaller, more affordable model for Europe's mass-market segment. Customer deliveries start after next summer; reports suggest it may arrive as the EX50 priced under $50,000.

• The new EV is the second model on Volvo's SPA3 platform after the EX60
• European customer deliveries begin after summer 2027
• Expected to launch as the EX50 at under $50,000
• Volvo plans 13 new models through the end of 2030