Volvo is reportedly preparing an all-new EX50 electric crossover to replace the EX40, with a planned launch in the fall of 2027. The model is expected to use the company’s newer SPA3 platform, grow beyond the EX40 in key dimensions, and enter the market at a lower price despite offering newer technology.
The current Volvo EX40 starts at $56,545, while the proposed EX50 is said to be targeting a price in the high $40,000s. That would put the new crossover well below the model it is expected to replace and widen the gap between Volvo’s entry-level electric SUV and the EX60. The EX40 is currently only $3,250 cheaper than the EX60, limiting the price separation between the two vehicles.
Automotive News reports that the EX50 is scheduled to arrive in the fall of 2027. Production is expected to take place at Volvo’s new plant in Slovakia, and the company is reportedly targeting 10,000 United States sales during the model’s first year. Reaching that level would make the EX50 one of Volvo’s best-selling vehicles in the country, although the report also says production could be directed more heavily toward Europe.
Few design or technical details have been disclosed. The crossover is said to be both longer and taller than the EX40, changes that would distinguish it from the outgoing electric model. It is also expected to adopt an 800V electrical architecture designed to provide faster charging.
Volvo has not officially confirmed the EX50. Company spokesperson Thomas McIntyre Schultz declined to comment on the reported model, but said the automaker would continue investing in the expansion of its electric vehicle lineup. The statement stops short of confirming the name, launch timing, pricing, production plan, or technical specifications described in the report.
Although the electric EX40 is expected to be replaced, the gasoline-powered XC40 could remain in production. A facelifted version was photographed testing in Spain in June, suggesting Volvo may update the existing combustion-powered crossover rather than discontinue it alongside the EV.
The prototype showed a revised front fascia with a redesigned grille, restyled headlights, a reworked bumper, and an altered lower intake. Changes were also visible at the rear, including a new bumper, updated taillights, and smaller reflectors positioned differently from those on the current model.
Images of the test vehicle also indicated that the update would extend to the cabin. The interior appeared to adopt a layout influenced by the EX30, most notably through a new portrait-oriented infotainment display mounted above the dashboard. Volvo has not detailed the facelift or confirmed how long the XC40 could continue after the EX50 arrives.
For now, the reported EX50 remains an unconfirmed future model. The next expected milestone is its anticipated fall 2027 arrival, while further information on pricing, specifications, production allocation, and the future of the XC40 will depend on later announcements from Volvo.
