Four months after its public debut in Italy, Volvo has confirmed the targeted pricing for its compact EX30 SUV in the US. As one of the first all-electric models to reach cost parity with its combustion counterparts, the EX30 has the makings to be a true game changer for Volvo Cars and the EV industry as whole.
Volvo Cars has been moving fast toward today’s EX30 pricing announcement, as it was only May when we got our first teaser of the tiny SUV alongside promises of a June debut. Electrek‘s Seth Weintraub got the invite to Italy to see the sheet pulled off in person, learning some interesting tidbits about the EV, such as how it accidentally garnered some impressive acceleration.
As you can see in some of the images below, the EX30 will arrive not only as Volvo’s smallest SUV model, but will also offer the Geely-owned automaker’s lowest carbon footprint throughout its lifespan.
When the EX30 made its official debut this summer, we learned it was targeted to be priced around $35,000 – an MSRP milestone many OEMs have targeted but very few have hit. Today, Volvo has confirmed US pricing of the new EX30 and will deliver on its promise to offer its tiny SUV at a price to match its size.
Volvo confirms EX30 pricing, pre-orders begin this fall
Volvo Cars USA confirmed EX30 pricing today, which we have broken down by trim level and powertrain configuration below. As promised, the “Core” trim of the single motor version starts at an MSRP below $35,000 (excluding destination fees).
Described as, “an espresso shot of Volvo,” this compact SUV features a variety of Scandinavian design elements and safety features, including radars, cameras and ultrasonic sensors. The EX30 comes with Google Maps and Assistant built in alongside a myriad of ADAS features.
While we don’t have the details of the dual motor EX30’s EPA range yet, Volvo has shared that the single motor variant will be able to go 275 miles on a single charge. We do, however, already know the dual motor version can travel a blistering 0-60 mph in 3.4 seconds – not bad for a Volvo!
Per Volvo USA, here’s how the EX30 pricing breaks down:
Powertrain
Trim Level
Starting MSRP*
Single Motor Extended Range
Core
$34,950
Single Motor Extended Range
Plus
$38,900
Single Motor Extended Range
Ultra
$40,600
Dual Motor Performance
Plus
$44,900
Dual Motor Performance
Ultra
$46,600
* MSRP excludes $1,295 in destination fees
Today we also learned Volvo’s “Plus” package includes Harman Kardon Premium Sound, a dual tone panoramic roof in Onyx Black, and 19-inch wheels. The “Ultra” add-on includes the equipment above as well as Volvo’s next generation of Pilot Assist with Lane Change Assistance, a 360-Camera with 3D View, and Park Pilot Assist.
Volvo says it will share more details of the EX30’s trim levels and how they vary in the coming weeks, assumedly ahead of pre-orders which will begin in the US sometime this fall. First deliveries are expected to begin in the first half of 2024.
Electrek’s Take
As we’ve touched on multiple times since its teaser video in May, Volvo’s EX30 could be a home run for younger urban and suburban consumers that don’t need a giant car and don’t want to break the bank, but also want to go all-electric.
The Volvo name is also synonymous with safety, another huge selling point for younger consumers who are perhaps starting families or like weekend roadtrips. There are currently very few EVs on the market today that offer pricing anywhere near $35,000 – so the EX30 is sure to garner plenty of inquiries after Volvo starts advertising during NFL games or awards season and such.
Let’s remember, however, that this is a Geely EV that will be built in China, meaning there is not chance of federal tax credits in the US. At $35k who cares, but remember that’s merely the single motor “Core” trim. That will still be a hit, but we’d imagine Volvo will start rolling out those dual motor versions first to get some income flowing back to HQ.
Yes, the acceleration cannot be overlooked – that’s fast and the EX30 is going to be fun as hell to test drive. But price-wise, the dual motor trims aren’t far off from the Hyundai IONIQ 5, 6, and Kia EV6, and I’d personally take HMG’s technology and 800V platform over the EX30 – not to mention more passenger and cargo room.
That’s simply my opinion, however, and at the root of this equation, we as consumers all win. Volvo is on the cusp of delivering an ultra-compact, super affordable SUV in the US, presumedly setting the stage for a future of more price-friendly, dependable EV models for the masses. It’s exciting to see.
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If you’ve ever wondered what happens when you combine a fruit cart, a cargo bike, and a Piaggio Ape all in one vehicle, now you’ve got your answer. I submit, for your approval, this week’s feature for the Awesomely Weird Alibaba Electric Vehicle of the Week column – and it’s a beautiful doozie.
Feast your eyes on this salad slinging, coleslaw cruising, tuber taxiing produce chariot!
I think this electric vegetable trike might finally scratch the itch long felt by many of my readers. It seems every time I cover an electric trike, even the really cool ones, I always get commenters poo-poo-ing it for having two wheels in the rear instead of two wheels in the front. Well, here you go, folks!
Designed with two front wheels for maximum stability, this trike keeps your cucumbers in check through every corner. Because trust me, you don’t want to hit a pothole and suddenly be juggling peaches like you’re in Cirque du Soleil: Farmers Market Edition.
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To avoid the extra cost of designing a linked steering system for a pair of front wheels, the engineers who brought this salad shuttle to life simply side-stepped that complexity altogether by steering the entire fixed front end. I’ve got articulating electric tractors that steer like this, and so if it works for a several-ton work machine, it should work for a couple hundred pounds of cargo bike.
Featuring a giant cargo bed up front with four cascading fruit baskets set up for roadside sales, this cargo bike is something of a blank slate. Sure, you could monetize grandma’s vegetable garden, or you could fill it with your own ideas and concoctions. Our exceedingly talented graphics wizard sees it as the perfect coffee and pastry e-bike for my new startup, The Handlebarista, and I’m not one to argue. Basically, the sky is the limit with a blank slate bike like this!
Sure, the quality doesn’t quite match something like a fancy Tern cargo bike. The rim brakes aren’t exactly confidence-inspiring, but at least there are three of them. And if they should all give out, or just not quite slow you down enough to avoid that quickly approaching brick wall, then at least you’ve got a couple hundred pounds of tomatoes as a tasty crumple zone.
The electrical system does seem a bit underpowered. With a 36V battery and a 250W motor, I don’t know if one-third of a horsepower is enough to haul a full load to the local farmer’s market. But I guess if the weight is a bit much for the little motor, you could always do some snacking along the way. On the other hand, all the pictures seem to show a non-electric version. So if this cart is presumably mobile on pedal power alone, then that extra motor assist, however small, is going to feel like a very welcome guest.
The $950 price is presumably for the electric version, since that’s what’s in the title of the listing, though I wouldn’t get too excited just yet. I’ve bought a LOT of stuff on Alibaba, including many electric vehicles, and the too-good-to-be-true price is always exactly that. In my experience, you can multiply the Alibaba price by 3-4x to get the actual landed price for things like these. Even so, $3,000-$4,000 wouldn’t be a terrible price, considering a lot of electric trikes stateside already cost that much and don’t even come with a quad-set of vegetable baskets on board!
I should also put my normal caveat in here about not actually buying one of these. Please, please don’t try to buy one of these awesome cargo e-trikes. This is a silly, tongue-in-cheek weekend column where I scour the ever-entertaining underbelly of China’s massive e-commerce site Alibaba in search of fun, quirky, and just plain awesomely weird electric vehicles. While I’ve successfully bought several fun things on the platform, I’ve also gotten scammed more than once, so this is not for the timid or the tight-budgeted among us.
That isn’t to say that some of my more stubborn readers haven’t followed in my footsteps before, ignoring my advice and setting out on their own wild journey. But please don’t be the one who risks it all and gets nothing in return. Don’t say I didn’t warn you; this is the warning.
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The OPEC logo is displayed on a mobile phone screen in front of a computer screen displaying OPEC icons in Ankara, Turkey, on June 25, 2024.
Anadolu | Anadolu | Getty Images
Eight oil-producing nations of the OPEC+ alliance agreed on Saturday to increase their collective crude production by 548,000 barrels per day, as they continue to unwind a set of voluntary supply cuts.
This subset of the alliance — comprising heavyweight producers Russia and Saudi Arabia, alongside Algeria, Iraq, Kazakhstan, Kuwait, Oman and the United Arab Emirates — met digitally earlier in the day. They had been expected to increase their output by a smaller 411,000 barrels per day.
In a statement, the OPEC Secretariat attributed the countries’ decision to raise August daily output by 548,000 barrels to “a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories.”
The eight producers have been implementing two sets of voluntary production cuts outside of the broader OPEC+ coalition’s formal policy.
One, totaling 1.66 million barrels per day, stays in effect until the end of next year.
Under the second strategy, the countries reduced their production by an additional 2.2 million barrels per day until the end of the first quarter.
They initially set out to boost their production by 137,000 barrels per day every month until September 2026, but only sustained that pace in April. The group then tripled the hike to 411,000 barrels per day in each of May, June, and July — and is further accelerating the pace of their increases in August.
Oil prices were briefly boosted in recent weeks by the seasonal summer spike in demand and the 12-day war between Israel and Iran, which threatened both Tehran’s supplies and raised concerns over potential disruptions of supplies transported through the key Strait of Hormuz.
At the end of the Friday session, oil futures settled at $68.30 per barrel for the September-expiration Ice Brent contract and at $66.50 per barrel for front month-August Nymex U.S. West Texas Intermediate crude.
In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Trump’s Big Beautiful bill becoming law and going after EVs and solar, Tesla, Ford, and GM EV sales, Electrek Formula Sun, and more
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