Volvo is preparing a more affordable EV for 2027

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.