Volvo just told American shoppers its cheapest EV is going away. And the replacement costs more. The Volvo EX40 discontinued news dropped this week. Volvo confirmed it will end EX40 production for the U.S. after the 2027 model year. The larger, pricier EX60 takes over as the entry-level Volvo EV.
If you’ve been eyeing an EX40, you’re not out of options yet. But the math is about to change. It’s worth understanding exactly what you’re trading before you sign anything.
Why is Volvo killing the EX40 in the US?
Volvo is discontinuing the EX40 because slow EV sales, high tariffs on imported vehicles, and a shift toward larger, higher-margin electric SUVs made it hard to justify. Building the compact EX40 for America just stopped making sense financially.
The EX40 will keep selling in Europe with a mid-cycle refresh. But it won’t come back to U.S. showrooms once this run sells out. This isn’t Volvo’s first EV casualty this year, either. The brand already pulled the plug on the entry-level EX30 earlier in 2026.
The EX40’s exit follows the same pattern. Volvo is trimming its lowest-margin EVs. Tariffs make Chinese-built and Europe-built models more expensive to sell here. Volvo also killed the coupe-style EC40 in the U.S. along the way. That leaves a real gap at the bottom of the lineup.
How much more does the EX60 actually cost?
The EX60 costs about $3,250 more than the outgoing EX40 at the base trim. That’s a smaller gap than you might expect for a noticeably bigger, more capable SUV. The EX60 P6 Plus starts at $59,795 including destination. The 2026 EX40 starts at $56,545.
For that extra money, you get more range and much faster charging. The EX60 uses an 800-volt architecture. It also has a built-in NACS port. That opens up access to tens of thousands of Tesla Superchargers without an adapter. Volvo pitches the EX60 as roughly Model Y-sized. It’s also the first vehicle built on the brand’s new SPA3 platform.
| Spec | 2026 Volvo EX40 | 2027 Volvo EX60 (P6) |
|---|---|---|
| Starting price | $56,545 | $59,795 |
| EPA range | Up to 296 miles | Up to 307 miles (400 miles for top P12 trim) |
| Fast charging | Up to 205 kW | 800V architecture; adds 165 miles in 10 minutes |
| Charge port | CCS | Native NACS |
| US future | Ends after MY2027 | Volvo’s new entry-level EV |
Should you just wait for the cheaper EX50 instead?
Waiting only makes sense if you can hold out until late 2027. The rumored EX50 is expected to start in the high $40,000s. It would replace the EX30, EX40, and EC40 all at once. That’s a real discount versus the EX60.
Still, it’s roughly $15,000 more than Volvo’s original $35,000 promise for the EX30 that never materialized here. The EX50 will reportedly share the EX60’s SPA3 underpinnings. That means better efficiency and charging than the outgoing EX40, just in a smaller body.
If saving money matters more to you than getting into an EV today, the EX50 is worth the wait. If you need a car now, an extra year of uncertainty isn’t free either.
Is buying a leftover EX40 a smart move right now?
Buying a leftover EX40 makes sense if you want the lowest sticker price on a Volvo EV. Just accept that it won’t get another redesign. Expect dealers to discount remaining 2026 and 2027 EX40 stock as they push units out the door. That’s similar to what happened with other discontinued EVs like the VW ID.4.
Just know you’re buying the end of a product line. Resale value on discontinued EVs tends to soften faster than on models still in production. Parts support isn’t disappearing, but it gets less manufacturer attention over time.
So: EX40, EX60, or wait for the EX50?
My honest take: skip the leftover EX40 unless the discount is deep. Also skip waiting a full year for an EX50 that doesn’t exist yet on paper. The EX60 is the better buy today for most shoppers. Why? Because $3,250 buys you a genuinely newer platform, faster charging, and Tesla Supercharger access built in.
If budget is your hard constraint and you can wait, hold out for the EX50. But don’t assume “cheaper EV later” beats “better EV now.” Run your own numbers first. Our EV buying decision framework can help. So can our full guide to EV total cost of ownership. Either can show whether the EX60’s higher sticker actually pencils out cheaper over five years thanks to its efficiency and charging speed.
FAQ
When does the Volvo EX40 stop being sold in the US?
Volvo will end EX40 production for the U.S. after the 2027 model year. Dealers will sell remaining inventory until it runs out. It won’t return for the 2028 model year.
Is the Volvo EX60 replacing the EX40?
Yes. Once EX40 stock sells through, the EX60 becomes Volvo’s new entry-level electric SUV in the U.S. That’s despite being a larger, mid-size vehicle.
Will there be a cheaper Volvo EV after the EX40 is gone?
Volvo is reportedly developing an EX50 compact crossover. It’s expected in U.S. showrooms in late 2027, priced in the high $40,000s. It would replace the EX30, EX40, and EC40 in one model.
Does the Volvo EX60 qualify for a federal EV tax credit?
No. The federal clean vehicle tax credit expired on September 30, 2025. No federal credit applies to the EX60, EX40, or any new EV purchased now. Check your state’s incentives, since those vary widely.