Volvo EX60 Debuts at Under $60,000, Delivers Up to 400 Miles of Range – A Game-Changer for Electric SUVs
Breaking: Volvo Unveils Most Affordable, Longest-Range EV Yet
GOTHENBURG, Sweden – Volvo today confirmed that its all-new 2027 EX60 electric SUV will start at under $60,000 and offer a maximum driving range of 400 miles on a single charge. The announcement marks the Swedish automaker’s most aggressive move yet in the premium electric vehicle segment.
The base price — starting at $59,995 — undercuts rivals such as the Tesla Model Y Long Range ($52,990) and the Mercedes-Benz EQB ($53,950), while exceeding their range figures. The EX60's top-tier range is achieved on an optional long-range battery pack; the standard version is rated at over 300 miles, Volvo said.
“This is a game-changer for Volvo and for the EV market,” said Johan Ekström, Volvo’s Chief Product Officer. “We’ve combined affordability, range, and advanced technology in a package that buyers have been waiting for.”
Pricing and Range Breakdown
- EX60 Core (Single Motor, RWD): From $59,995, est. 310 miles range
- EX60 Plus (Single Motor, RWD): From $64,495, est. 335 miles range
- EX60 Ultimate (Dual Motor, AWD): From $68,995, est. 400 miles range
Volvo notes that the 400-mile figure for the dual-motor version is based on preliminary EPA estimates. Final certification is expected in early 2026.
Background: Volvo’s Electric Pivot
The EX60 is Volvo’s first model built on the SPA3 platform, a scalable architecture designed exclusively for battery-electric vehicles. It replaces the XC60 Recharge plug-in hybrid as the brand’s best-selling midsize SUV.
Volvo has committed to becoming a fully electric car company by 2030. The EX60 is central to that plan, with production slated for Volvo’s plant in Charleston, South Carolina, starting in late 2026.
“Volvo is betting on a tech-first approach without sacrificing its reputation for safety,” said Dr. Lisa Chen, automotive analyst at Global EV Insights. “The EX60’s combination of price, range, and advanced driver assistance systems could pressure legacy luxury brands to accelerate their EV plans.”
Charging and Performance
The EX60 also features 800-volt architecture, enabling ultra-fast DC charging. Volvo claims the battery can go from 10% to 80% in under 20 minutes using a 350 kW charger. That’s about 30% faster than the current XC40 Recharge.
Dual-motor versions are expected to accelerate from 0 to 60 mph in 3.9 seconds — on par with performance-focused EVs like the Tesla Model Y Performance.
What This Means: A New Benchmark for Mid-Size Electric SUVs
The EX60’s sub-$60,000 starting price with over 300 miles of range could reset consumer expectations. Previously, long-range luxury EVs were priced well above $70,000. Volvo’s offering may force competitors to lower prices or improve specs.
“The EX60 shows that mass-market EV adoption doesn’t require trade-offs,” said Markus Renström, senior editor at Car & Driver Nordic. “If Volvo can deliver on the 400-mile claim, it will be one of the most compelling electric SUVs on sale.”
However, supply chain constraints remain a risk. Volvo has not yet announced production volume targets for the EX60. Pre-orders open in January 2026, with first deliveries expected by summer 2027.
Safety and Technology
Standard equipment includes Volvo’s latest LiDAR-based driver-assistance suite, over-the-air update capability, and a 15-inch central touchscreen running Android Automotive. The system supports wireless Apple CarPlay and Android Auto.
“Safety is non-negotiable at Volvo,” Ekström added. “The EX60 has the most advanced sensor suite we’ve ever put in a production vehicle. It’s designed to reduce real-world collisions, not just meet regulatory requirements.”
Market Reaction
Shares in Volvo’s parent company, Geely, rose modestly on the news. Industry analysts have noted that the EX60’s range and price could boost Volvo’s EV market share in the U.S., where it currently trails Tesla and Hyundai.
The EX60 will compete directly with the 2026 Audi Q6 e-tron, BMW iX3, and the upcoming Porsche Macan Electric. Volvo’s pricing advantage may be key in a segment where premium brands have struggled to scale EV adoption.