Volvo’s new electric EX30 is cheaper than a Tesla Model 3

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This stylish new EV comes from an automaker known for safety—and it costs around $36,000.

When folks think about Volvo, the first thing that comes to mind is probably the brand’s reputation for safety features. After all, it developed and patented the modern three-point seat belt in 1959 and then shared the design with the world. Inexpensive cars, not so much.

Can Volvo’s streamlined five-seat EV compete? If we shake the Magic 8-Ball, all signs point to yes. Here’s why.reported in March, Volvo set a record for sales in February, moving 51,286 cars worldwide that month. That’s 22 percent more than February 2022 and the best February ever for the brand. Even more telling is its numbers in the plug-in electric car segment: Volvo sold 20,678 plug-ins, an impressive 40 percent of total volume.

Now, the Bolt is kaput. Enter, stage right: the Volvo EX30, which is the fourth EV model for the Swedish brand. Volvo debuted its XC40 Recharge EV for model year 2021, the C40 Recharge EV for 2022, and a three-row SUV is on the way. Volvo, it seems, is ramping up for EVs quickly and steadily.Can the EX30 outsell Tesla? Reply hazy, try again

From a power perspective, the EX30 comes with a 268-hp rear-drive setup; a 428-hp all-wheel-drive upgrade is available. Compared to the Bolt, which was good for 200 horsepower and 266 pound-feet of torque, the EX30 is considerably peppier, and Volvo says its Twin Motor Performance model will sprint to 100 kilometers per hour in a zippy 3.6 seconds. That’s only a tiny bit slower—0.1 seconds—than the Model 3 Performance.

 

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