Hardware · Updated 23 Oct, 09:22 pm IST
Volvo to launch lower-priced SPA3-based EV in 2027
Why it matters for readers: If you follow cars, this means Volvo plans a smaller, cheaper electric vehicle likely arriving in 2027.
- The new car will be the second vehicle based on Volvo's SPA3 platform following the EX60.1
- Volvo positions the model as a global battery electric vehicle aimed at a large, lower-priced market segment in Europe.1
- First customer deliveries for the new SPA3-based EV are planned to begin after next summer, with the launch scheduled for 2027.1
- The SPA3 platform supports body types from sedans and compact SUVs to three-row vehicles, so the mass-market model will likely be an SUV and is suspected to succeed the EX40.1
- Volvo is running a large product offensive with 13 new cars planned through the end of 2030 and will reveal three of them in 2027.1
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