Volvo EX30: Compact, Budget-Friendly EV Enters Market, Attracts Attention

Volvo unveiled its highly anticipated electric vehicle, the EX30, on Wednesday morning, putting an end to months of teasing and speculation. The EX30 is a compact and affordable EV, designed to cater to the needs of consumers who seek a smaller and more budget-friendly option.

With its attractive features and accessible price point, the EX30 is poised to be a popular choice among electric vehicle enthusiasts.

Reports indicate that the Volvo EC30 will enter the United States market with a starting price of $34,950, positioning it as one of the most competitively priced electric vehicles in its market segment. It is worth noting that this price does not include potential tax credits and incentives that can further reduce the overall cost for consumers.

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Volvo asserts that their newest EV, the EX30, will boast one of the lowest carbon footprints among all their previously released vehicles.

With an estimated carbon footprint of under 30 metric tons after traveling 200,000 kilometers, the EX30 showcases Volvo’s commitment to reducing environmental impact and promoting sustainability.

Motor and Battery Pack

For the US market, Volvo plans to offer two primary powertrain options for the EX30. Both powertrains will utilize a 64 kWh lithium-ion battery pack.

The first option is the single motor extended range version, featuring a rear-mounted 267 horsepower and 253 lb-ft electric motor. When paired with the battery pack, this configuration is expected to provide an estimated range of approximately 443 kilometers for the EX30.

The second powertrain option offers increased power and acceleration capabilities. It consists of twin motors, with the second motor located on the front axle. The combined output of both electric motors is rated at 422 horsepower and 400 lb-ft of torque.

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This configuration enables the EX30 to achieve impressive acceleration, reaching 0 to 60 mph in just 3.4 seconds. However, the total range for this variant is slightly lower than the first option, estimated at approximately 426 kilometers.


The charging capabilities of the EX30 are equally appealing, with its 64 kWh NMC pack capable of charging up to 153 kW. In just under 27 minutes, the battery can reach 80 percent charge from a 10 percent starting point.

This charging standard positions the EX30 as one of the top contenders in the current EV market in terms of charging speed and efficiency.

Volvo’s entry into the affordable, compact, and efficient EV market puts it in the company of other notable contenders such as the Chevrolet Bolt Twins, Nissan Leaf, Mini Electric, and Hyundai Kona Electric, all priced under $35,000.

The EX30 is equipped with various notable features, including safety measures aimed at preventing incidents with cyclists, an integrated Google system, the ability to utilize a phone booth as a digital key to interact with the vehicle, and a central infotainment screen. These specifications enhance the overall user experience and prioritize safety and convenience for the driver.