Volvo Is Killing The EX40 EV In The US

The EX60 will become Volvo’s cheapest EV when the EX40 leaves the lineup in 2027.

Volvo EX40 EV Dead In The US

Photo by: Volvo

Jeff Perez

By: Jeff Perez

Sep 10, at 3:05am ET

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Volvo will end EX40 production in the US after the 2027 model year.
The larger EX60 will become Volvo’s new entry-level electric SUV.
The EX60 offers more space and range while costing just $3,250 more than the outgoing EX40.

Volvo is making big changes to its lineup, with a host of new models heading our way in the not-so-distant future. We’ve already seen the EX60 and the updated XC40. But with new models coming in, a few will have to head out. The EX40 is the latest.

After pulling the plug on the entry-level EX30 EV in the US earlier this year, Volvo will also end production of the electric EX40 in 2027. The new XC40 arrives for 2028 with a fresh design and a more efficient mild-hybrid powertrain, but it won’t spawn an electric version anytime soon.

Instead, the EX60 will become Volvo’s entry-level EV in the US. Speaking to Motor1 at the launch of the XC40, a Volvo spokesperson told us:

'We always evaluate the needs of our customers when determining our product mix and believe we have a strong lineup of EV SUVs that meets the needs of US drivers.

At the moment, the EX60 P6 represents the new entry point for Volvo EV SUVs, with a very competitive starting MSRP of $59,795, versus the outgoing EX40’s $56,545, while providing more of the space and range that US customers demand.'

2024 Volvo EX40

Volvo EX40

The EX60 Makes A Stronger Case For Your Money

The EX40 probably won’t be missed among EV shoppers. The subcompact SUV packed an 82.0-kilowatt-hour battery, good for up to 296 miles of range in its most efficient Single Motor Extended Range configuration. The Twin Motor version offered just 260 miles.

The new EX60, by comparison, gets an estimated 330 miles of EPA range in P10 all-wheel-drive form. Even the base EX60 can travel up to 307 miles on a charge.

And there isn't a huge price difference between the two. The EX60 starts at $59,795 with destination included, just $3,250 more than the outgoing EX40. For that relatively small premium, buyers get a larger, newer SUV with more range and Volvo’s latest technology.

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That makes the EX40 a tough sell, particularly as Volvo reshapes its US lineup around larger EVs. Anyone looking for a smaller Volvo can still get the mild-hybrid XC40, but those wanting a small Volvo EV will have to look elsewhere.

Motor1’s Take: Volvo’s decision makes sense. The EX40 is getting old, and its relatively high price makes it difficult to justify when the newer EX60 costs only a few thousand dollars more. Volvo can still cover the entry-level end of its lineup with the XC40, while steering EV shoppers toward a larger, more capable SUV.

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