MILAN, Italy — Volvo Cars aspires to deliver 1.2 million vehicles globally by mid-decade, nearly double last year's volume. To get there, the Swedish automaker is betting big on a small new electric model aimed at younger buyers.
The Chinese-made EX30 compact crossover is the most affordable, fastest accelerating and greenest Volvo yet.
Volvo's mini model has a sticker price to match, suggesting that their battery-electric vehicles might reach price parity with their combustion engine counterparts sooner than many expect.
The 2025 Volvo EX30 starts at $36,145, including shipping, and arrives in the U.S. next summer. The sub-$35,000 sticker price is even more remarkable because the vehicle is subject to a hefty 27.5 percent U.S. tariff on models built in China.
Dealer Kevin Flanagan described the EX30 as "the people's car."