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Volvo’s most affordable EV, the EX30, already has up to $9,000 in discounts with US deliveries just around the corner. However, with some limitations, the Volvo EX30 could face stiff competition with better deals on Tesla, Kia, and Toyota electric models.

Volvo’s most affordable EV hits the US with big discounts

The EX30 is already among the top-selling electric cars in Europe after delivering the first models in January. Now, it’s set to arrive in the US.

After seeing strong demand for the EX30 in the US, Volvo fast-tracked its most popular model: The Twin Motor Performance. The Twin Motor EX30, starting at $46,195 (including destination fee), is available in Plus or Ultra upgrades. Meanwhile, the long-awaited $36,245 Single Motor trim is scheduled to arrive in early 2025.

According to online auto research company CarsDirect, Volvo’s most affordable EV is getting up to $9,000 in discounts.

The 2025 Volvo EX30 is available with a $7,500 EV lease allowance through the federal tax credit. Through January 2, Volvo owners can score an extra $500 if they trade in their lease.

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Volvo EX30 (Source: Volvo)

Volvo is offering an additional $1,000 for current FWD XC40, XC60, or XC90 lessees to upgrade to an AWD model, including the EX30. With up to $9,000 off, the 2025 Volvo EX30 Twin Motor Plus can potentially be leased for as low as $37,195.

At that, the EX30 is cheaper than Tesla’s Model Y, which has an MSRP of $46,380. After the $7,500, Model Y prices could fall to $38,880.

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Volvo EX30 interior (Source: Volvo)

If you’re looking to buy, it’s a different story. According to CarsDirect, the EX30 is excluded from Volvo’s APR offers, which could put it behind the Model Y and others like the Toyota bZ4X, Kia EV6, Subaru Solterra, and Hyundai IONIQ 5 with 0% financing offers this month.

Even the Volvo C40 Recharge may be a better buy. With a $7,500 Purchase Bonus, the 2024 Volvo C40 Recharge is only $1,200 more than the EX30 despite its $54,895 MSRP.

Volvo's-most-affordable-EV-discounts
Volvo EX30 Cloud Blue and Vapour Grey (Source: Volvo)

The AWD model gets an estimated EPA range of up to 253 miles. With up to 422 hp, the EX30 Twin Motor Performance is also the fastest Volvo. It can hit 0 to 60 mph in just 3.4 seconds.

Inside, the EX30 includes a 12.3″ tablet-style infotainment at the center of an otherwise minimalistic setup. As you would expect from a Volvo, the EX30 is loaded with its latest tech and safety features.

Looking for your next EV? We’ve got you covered. Check out our links below to view top deals on popular EV models in your area.

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T1 Energy’s (FKA FREYR) new 5 GW US solar factory leaps forward

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T1 Energy's (FKA FREYR) new 5 GW US solar factory leaps forward

T1 Energy (NYSE: TE), formerly FREYR Battery, kicks off preparations for its new solar cell factory, set to be one of the largest in the US.

T1 Energy has chosen Yates Construction as the contractor for preconstruction services and site preparations for its planned $850 million, G2_Austin 5 GW Solar Cell Facility. 

The G2_Austin site is in Milam County, Texas, in the Advanced Manufacturing and Logistix Campus at Sandow Lakes.

It’s expected to create up to 1,800 new direct US advanced manufacturing jobs. Construction is on track to kick off in mid-2025, and the facility is expected to begin producing cells by the end of 2026. There are currently far fewer solar cell manufacturing sites in the US than solar module factories, according to the SEIA.

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On December 24, FREYR announced that it had closed its acquisition of China-headquartered Trina Solar’s 5-gigawatt (GW), 1.35 million-square-foot solar panel factory in Wilmer, Texas. The company renamed the factory G1_Dallas, which employs more than 1,000 people and is now fully online.

Daniel Barcelo, T1’s chairman of the board and CEO, said, “Our facilities will manufacture solar cells and modules to invigorate our economy with abundant energy. We’re excited to work with Yates and Milam County to bring American advanced manufacturing to the heart of Texas and to unlock our most scalable energy resources.”

T1 Energy says it anticipates finalizing commercial terms with Yates Construction as General Contractor.

Read more: FREYR rebrands after killing its $2.6B Georgia battery factory plans


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Kia’s affordable EV2 may be small, but it looks bigger in person [Video]

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Kia's affordable EV2 may be small, but it looks bigger in person [Video]

The EV2 is set to arrive as Kia’s smallest and most affordable electric vehicle next year. With its official debut coming up, the electric SUV was spotted driving on public roads. The electric SUV may be small, but it looks bigger in person.

Kia’s new EV2 is an affordable, small electric SUV

Kia has yet to say precisely how big the EV2 will be, but it’s expected to be around 4,000 mm (157″), or slightly smaller than the EV3 at 4,300 mm (169.3″). That’s even more compact than the outgoing Chevy Bolt EV (163.2″).

During its EV Day event in April, Kia unveiled the Concept EV2, a preview of the entry-level EV that will sit below the EV3.

Although it’s the brand’s smallest EV, Kia promises that it will feel larger when you’re inside. The EV2 sits higher than you’d expect with a wide front end, giving it a bigger presence on the road, similar to the three-row EV9.

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We got a sneak peek at Kia’s affordable EV last month after it was spotted testing on public roads in Korea, but the latest sighting gives us a closer look at the EV2 in its production form. The new video from HealerTV reveals a few details that could look a little different from the concept.

Kia’s new entry-level EV2 spotted driving in public (Source: HealerTV)

The footage shows what appears to be different daytime running lights (DRLs). When Kia unveiled the Concept EV2 in April, it featured a unique split vertical headlight design.

The EV2 spotted driving still has the split design, but both the inner and outer lights appear to be angled more inwards. It’s not a huge difference, but given most of Kia’s new EVs look almost identical to the concepts, this could be something to keep an eye on.

Prices, specs, and more

Despite being an entry-level model, the EV2 is still equipped with advanced technology and features, including vehicle-to-load (V2L) capability, which allows it to power a campsite, home appliances, and other electronics. With OTA updates, it will only get smarter and more advanced over time.

The interior will feature Kia’s new ccNC (connected car Navigation Cockpit), which features dual 12.3″ driver cluster and touchscreen navigation screens in a panoramic display.

Like its other new EV models, it’s also expected to include a 5″ climate control display for nearly 30″ of screen space.

Kia plans to launch the EV2 next year in Europe and “other global regions.” For those in the US, sorry to disappoint, but it’s not expected to make the trip overseas. We do have the EV4, Kia’s first electric sedan, to look forward to.

Kia-EV2-interior
Kia Concept EV2 (Source: Kia)

We will learn prices and final specs closer to launch, but given it will sit below the EV3, it will likely be cheaper than that.

The EV3 starts at £32,995 ($44,800) in the UK and €35,990 ($41,600) in Europe. Kia’s CEO, Ho-Sung Song, told Autocar in 2023 that the company aims to launch the EV2 at around £25,000 ($32,000) in the UK. With new battery technology and other advancements, it could be even more affordable when it arrives next year.

Kia isn’t the only automaker gearing up to launch a new entry-level EV. Last week, we got a glimpse of the upcoming Volkswagen ID.2 after it was spotted in public testing.

Should Kia bring the EV2 to the US? Would you buy one for around $30,000 or even slightly less? Drop us a comment below and let us know.

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This electric pickup is taking Korea by storm, now it’s going global on a ‘full-scale conquest’

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This electric pickup is taking Korea by storm, now it's going global on a 'full-scale conquest'

It’s not a Kia or Hyundai, but the Musso EV pickup truck is shaking up the Korean Market. After the first models left for Europe, the company’s CEO is already saying it will be a “driving force” as it goes on a global conquest.

Korea has a new EV pickup that’s going global

During an event celebrating the first exports of its new Musso EV and Torres HEV pickup trucks, KG Mobility’s CEO, Kwak Jae-Seon, said the new models “have already received favorable reviews and garnered much attention from reporters and sales agents.”

KG Mobility (KGM) expects them to serve as “a driving force” as it expands exports into new global markets. The first Ro-Ro (Roll-on/Roll-off) hit the seas on June 12 carrying 983 vehicles, 184 Musso EVs, and 799 Torres HEVs.

The vessel is headed for Europe, where the first models will be sold in Germany, Spain, Norway, Hungary, and other markets, starting in August.

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Jae-Seon, who personally drove the Musso EV onto the car carrier, said during the event that pickup is now on a “full-scale conquest” as it rolls out globally.

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KG Mobility Musso EV and Torres HEV pickup launch event (Source: KG Mobility)

KGM’s EV pickup has already generated quite the buzz in Korea, beating Hyundai and Kia to the first fully electric pickup truck.

After launching the Musso EV pickup in Korea in March, the company announced it had secured over 3,200 orders in two weeks. The Special Edition model sold out in an hour and a half.

KGM promotes the vehicles as “a new alternative to mid-size SUVs” that’s more useful as an everyday ride with more interior space.

Measuring 5,160 mm long, 1,920 mm wide, and 1,740 mm tall, the electric pickup is about the size of a Ford Ranger (5,225 mm long, 1,910 mm wide, and 1,866 mm tall).

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KGM Musso EV electric pickup truck interior (Source: KGM)

The infotainment system looks a lot like new Hyundai and Kia EVs with a dual 12.3″ driver cluster and touchscreen navigation screens in a panoramic display.

It also comes with a Land Rover-like ClearSite Ground View camera, allowing you to see what’s beneath you through several strategically placed cameras.

The electric pickup is powered by an 86.6 kWh LFP battery, providing a range of nearly 250 miles (400 km). With up 200 kW fast charging, it can recharge to 80% in 24 minutes.

KGM’s Musso EV is available in both single (FWD) and dual-motor setups. The FWD version features a 152.2 kW front motor, producing up to 207 horsepower, while the AWD model boasts up to 413 horsepower. It can tow almost 4,000 lbs (1.8 tons) and includes a “trailer sway function” to stabilize the vehicle while towing.

The Musso EV pickup starts at 48 million won, or about $35,000. With incentives, KGM says the purchase price is closer to 39.62 million won ($29,000).

With more monthly exports in May than it has in 10 years, KGM expects the Musso EV pickup to accelerate the momentum.

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