Volvo EX40 Discontinued Due to Sales
Volvo has announced the discontinuation of its all-electric EX40, following a similar fate for the EX30 earlier this year. This decision comes as a response to disappointing sales, leaving buyers of Volvo electric vehicles facing significantly higher price ranges.
Background on the EX40
The EX40 was introduced in 2021 as part of the XC40 Recharge lineup, receiving its new name only for the 2025 model year. Despite being an upscale option in the subcompact SUV market, it experienced low sales, failing to meet the performance of the gas-powered XC40.
Specifications and Features
The EX40 offered two electric powertrains:
- Base Model: Single motor with 248 hp (rear-wheel drive).
- Higher Trim: Dual motors with 402 hp (all-wheel drive).
With an 82-kWh battery, rear-wheel drive models boasted up to 296 miles of range, while all-wheel drive versions, fitted with a 78-kWh pack, reached up to 260 miles.
Price Implications
The discontinuation of the EX40 creates a significant price gap in Volvo’s electric vehicle lineup. Previously, the EX30 had a starting price of $40,345; however, the EX40 began at $56,545, and with its cancellation, buyers will have to look at the larger EX60, priced at $59,795—a $19,450 increase for Volvo’s cheapest EV option.
Future Models
Looking ahead, Volvo plans to replace the EX40 with a new model, the EX50, expected to launch next fall. The EX50 will be slightly larger and utilize the SPA3 platform, targeting a starting price of around $40,000.
For more information, you can explore current deals on the Volvo EX40 here.
Source: Automotive News
