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Volvo plans to officially launch its premium electric SUV, the EX30, in the first quarter of 2025. Despite being a premium model, its competitive pricing starting in the $30,000 range is expected to challenge domestic electric vehicles in the compact SUV electric car market.
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Volvo had been pushing for the domestic launch of the EX30 since 2023, but it was delayed. Meanwhile, Volvo has begun delivering the EX30 in the United States and has reportedly received new certification in South Korea. This points to a projected launch in the first quarter of 2025.
Volvo excerpt
Volvo first unveiled the EX30 globally in June 2023 and introduced it in South Korea in November, accepting pre-orders. The Volvo EX30 surpassed 1,000 pre-orders in just two days in South Korea. The EX30, set to launch next January, has reportedly received new certification for its driving range.
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The EX30 is equipped with a 69kWh NCM battery. It has a certified combined driving range of 218 miles (351 km) on a single charge at room temperature. The certified range is 235 miles (378 km) for city driving and 198 miles (318 km) for highway driving. It supports 153kW rapid DC charging, allowing the battery to charge from 10% to 80% capacity in about 26 minutes.
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The EX30 trim currently undergoing certification in South Korea is known as the single-motor extended range model, paired with a 200kW motor. It boasts a maximum output of 272 horsepower and a peak torque of 253 lb-ft (35.0 kg.m). Its 0-60 mph acceleration time is 5.3 seconds.
Volvo excerpt
The Volvo EX30 is a compact electric SUV that will expand the electric vehicle market following the existing C40 and XC40 Recharge models. Since its global unveiling last year, it has been named the Urban Car of the Year at the 2024 World Car Awards and has received over 20 awards, garnering positive reviews.
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Additionally, Volvo will offer the Tmap infotainment service as standard equipment and plans to sell the EX30 in the domestic market with high product quality and competitive pricing. Depending on the trim level, features such as Pilot Assist, Park Pilot Assist, 360-degree camera, and Harman Kardon Premium Sound Bar System will be provided.
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The prices announced during pre-orders for the EX30 were 49.45 million won (approximately $37,700 USD) for the Core trim and 55.16 million won (approximately $42,000 USD) for the Ultra trim. With additional subsidies, the actual purchase price is expected to range from the low $30,000s to the low $40,000s, depending on the region.
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