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Volvo is preparing a more affordable EV for 2027
The Swedish brand will develop a lower-priced electric model based on the upcoming SPA3 platform to broaden its lineup.
24 October 2026 1 min read 2 views
Volvo is preparing a new, more affordable electric model due in 2027. It will be built on the SPA3 platform, a next-generation architecture expected to improve efficiency, flexibility and manufacturing costs.
For the Swedish brand, this is a strategic move: adding a more accessible battery-powered car alongside its premium models to reach a wider audience, especially in Europe, where competition in the EV market is increasingly intense.
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