The Volvo EX60 will have a selling price similar to that of the plug-in hybrid versions of the XC60.

Volvo is preparing to launch a compact electric crossover that will be positioned below its flagship in this segment, the EX90. This new model, named EX60, will be the fully electric equivalent of the popular XC60, and, to the surprise of many, its price will not exceed that of the plug-in hybrid versions of the latter. That is, from just over 66,000 euros on the Spanish market.

The EX60 will debut the innovative modular SPA3 800-volt platform, designed to drive electric mobility forward. This architecture allows charging up to 15 percent faster and increases the powertrain output by 35 percent, in addition to supporting OTA updates to deliver continuous improvements.

Additionally, the manufacturer’s new Swedish electric crossover will incorporate next-generation batteries that will integrate cells with 20 percent higher energy density, thereby increasing the vehicle’s range beyond any other electric model from the brand we have seen so far.

More accessible electric mobility

Reducing production costs will be another highlight of the new EX60. According to specialist sources, its innovative propulsion system will allow these costs to be cut by up to 18 percent, while integrating the battery into the vehicle’s own chassis will allow an additional 25 percent reduction. This is the secret that will enable Volvo to market this new electric crossover at a price similar to that of the current plug-in hybrid versions of the XC60. An essential step to drive electric mobility forward.

The Swedish manufacturer’s aggressive pricing of the upcoming EX60 aims not only to attract current XC60 owners to make the leap to fully electric mobility, but also customers from other brands who are considering the purchase of equivalent models. The design of the EX60, on the other hand, will retain the essence of Volvo that its most loyal customers expect, while offering a touch of modernity that sets this model apart from the competition.

In short, the EX60 will represent Volvo’s strategic bet to bring electric mobility closer to a greater number of customers, without ever compromising the premium quality level that characterises the Swedish brand, thereby challenging rivals from other brands who currently share sales in this segment.