The cheaper Volvo EX30 Single Motor is finally here, and it starts at under $40,000

The Volvo EX30 is now even more affordable. Volvo launched the EX30 Single Motor in the US, with prices starting under $40,000, but that’s not all.

Volvo adds cheaper EX30 trim for the 2026 model year

Volvo promised it was coming. Although the cheaper EX30 trim was scheduled to arrive in the US by the end of 2024, Volvo ultimately pushed back its arrival as it ramped up production.

Almost a year later, the Volvo EX30 Single Motor is finally available on Volvo’s US website. Prices for the 2026 Volvo EX30 start at just $38,950. That’s a nearly $6,000 price reduction from the 2025 model, which started at $44,600.

The outgoing model was exclusively available in the 422-hp Twin Motor Performance variant, while the 2026 EX30 gains a new Single Motor version.

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The new EX30 model features a single rear-mounted motor with 268-hp. It’s powered by the same 69 kWh battery pack as the Twin Motor version, but offers an EPA-estimated driving range of up to 261 miles. Upgrading to the Twin Motor Performance, with 253 miles range, costs an additional $6,000.

Volvo offers the Plus package as standard, but you can upgrade to the Ultra grade, which adds Park Pilot Assist, a 360-degree camera with 3D view, and more, for $46,650.

With charging speeds of up to 175 kW, Volvo said the EX30 Single Motor can recharge from 10% to 80% in 28 minutes.

Volvo introduced another EX30 variant for the 2026 model year, the more rugged Cross Country version. The 2026 Volvo EX30 Cross Country starts at $48,150 and is only available as an AWD model.

The EX30 Cross Country is “engineered to move effortlessly from city streets to snowy trails and rugged backroads,” Volvo said. It offers higher ground clearance, a blacked-out grille, skid plates, wide wheel arches, and more, perfect for both on- and off-road adventures. It offers a driving range of 227 miles.

The new EX30 is part of Volvo’s revamped 2026 lineup, which also includes significant improvements to the larger EX90. Volvo’s three-row electric SUV now has faster charging times and more computing power than ever.

Volvo’s popular Black Edition package is now available on the EX40, its first EV to receive the blacked-out design upgrade.

Interested in trying one out for yourself? You can use our links below to find Volvo EX30, EX40, and EX90 models available in your area.