Volvo is reportedly developing the EX50, a new electric crossover expected to replace the EX40 and become the brand’s entry-level EV in the United States.
The model is expected to reach the U.S. by the end of 2027, according to an Automotive News report cited by InsideEVs. People familiar with the plans said pricing would begin in the high $40,000 range, placing the EX50 roughly $10,000 below the new EX60 midsize electric crossover. Volvo has not publicly confirmed the vehicle, its pricing or its technical specifications.
The EX50 would take over the entry-level role as the EX30 is phased out after the 2026 model year. The report also says the new crossover will replace the EX40, giving Volvo a single product aimed at the compact electric SUV segment. Initial U.S. availability is expected to be limited.
Volvo declined to comment specifically on future products. A company spokesperson nevertheless told the cited outlet that electric vehicles are “where we see the market growing.” That position comes as the automaker continues to treat EVs as an important part of its lineup despite scaling back its earlier goal of becoming an all-electric brand by the end of the decade.
The company has faced pressure from U.S. tariffs and policy changes while also competing with expanding Chinese automakers in Europe and other markets. Volvo is majority owned by China’s Geely Group, a factor included in the report’s broader description of the commercial challenges surrounding its electric vehicle strategy.
The EX50 will reportedly use Volvo’s software-defined SPA3 architecture, which also underpins the EX60. The platform is presented as a major step beyond SPA2, the architecture used by the EX90. Volvo has dealt with software glitches and infotainment problems on the EX90 and has said that lessons from those issues influenced the development of SPA3.
No specifications for the EX50 have been announced. InsideEVs said the architecture could support faster charging, improved interior packaging and greater efficiency than the EX30 and EX40, based on what has been shown with the EX60. Those potential benefits remain expectations rather than confirmed EX50 figures.
In size, the EX50 is expected to be similar to the Tesla Model Y and to sit alongside electric crossovers including the Hyundai Ioniq 5 and Ford Mustang Mach-E. The report also places it against entry-level luxury electric models such as the Cadillac Optiq and the upcoming Mercedes-Benz GLA EV.
Production is reportedly planned for Volvo’s new factory in Kosice, Slovakia. Before the EX50 arrives, the EX60 is scheduled to begin shipping in the U.S. later this year, while Volvo is increasing output at its Torslanda, Sweden, plant in response to stronger-than-expected demand for that model.
