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Volvo has officially confirmed the launch of a new mid-size electric SUV, the EX60, slated to hit the market in 2026. This announcement is part of Volvo’s broader strategy to introduce five new electric vehicles over the next few years, even as the company adjusts its ambitious electrification goals.
Volvo EX60: The First on the Next-Gen SPA3 Platform
The EX60 will be the first vehicle to be built on Volvo’s next-generation SPA3 platform. This advanced, technology-focused platform will enable Volvo to develop and manufacture electric vehicles more efficiently across different sizes. The SPA3 platform is integral to Volvo’s new tech strategy, which focuses on creating cars that continuously improve over time through software updates and technological advancements.
Adjusted Electrification Plans, But Commitment to EV Future Remains Strong
While Volvo has scaled back its target of achieving 100% EV sales by 2030, the company remains committed to an electric future. The EX60 will join a growing lineup of Volvo’s electric vehicles, including the XC40 Recharge, C40 Recharge, EX30, EM90, and the three-row EX90. This expansion underscores Volvo’s dedication to offering a range of electrified options despite revising its immediate EV sales targets.
A “Game-Changing” Tech Strategy for Future Vehicles
At its recent Capital Markets Day in Sweden, Volvo unveiled its “game-changing” tech strategy aimed at developing cars that get better with age. A key part of this strategy is the Volvo Cars Superset tech stack, a comprehensive software and technology base that will serve as the foundation for all future Volvo electric vehicles. This modular tech stack allows for easy integration and sharing of functionalities across various models, simplifying development and enhancing the user experience.
Learning from the EX90: What to Expect from the EX60 and ES90
The EX60 will benefit directly from the lessons learned with Volvo’s flagship electric SUV, the EX90, as well as advancements made in their latest technology and software-driven innovations. Additionally, the upcoming ES90 electric sedan, expected to be unveiled in March 2025, will be built on the existing SPA2 platform. Together, these models will provide Volvo with valuable insights as it continues to refine its approach to electrification and automotive technology.
Strengthening the EV Lineup Amid a Shifting Automotive Landscape
Despite a shift in its electrification timeline, Volvo CEO Jim Rowan reaffirmed the company’s belief in an electric future. With the EX30 already achieving success in Europe and the first EX90 models beginning production, Volvo is now poised to deliver a diverse range of compelling electric vehicles across multiple segments.
Volvo’s focus on software and technology aligns with broader industry trends, where companies like Tesla and Rivian are leading the charge in software-driven automotive innovation. While Volvo, like many legacy automakers, has revised its near-term EV sales targets, the company remains committed to electrification. This includes offering a variety of electrified vehicles, such as hybrids and plug-in hybrids, to cater to different market needs.
