2024 Volvo EX30 price and specs: Value premium electric SUV coming this year


Key Points

  • EX30 electric SUV priced from $59,990
  • Up to 480km driving range, three variants
  • Rivals Hyundai Kona EV, Cupra Born, Tesla Model 3

The Volvo EX30 will launch in Australia in the first half of 2024, as a premium small electric SUV offering value, an eco-conscience, and high performance.

Priced from $59,990 to $69,990 before on-road costs, the EX30 EV provides between 460km to 480km of claimed WLTP driving range depending on the variant.

The EX30 electric SUV is eligible for most Australian electric car incentives, including the fringe benefits tax (FBT) exemption for company fleets and novated leases.

Volvo EX30 tail-lights and wing mirrorVolvo EX30 tail-lights and wing mirror

Despite using parent Geely’s dedicated Sustainable Experience Architecture (SEA), it is cheaper than its own combustion engine-based Volvo XC40 and C40 Recharge electric SUVs, while launching earlier than the similarly-looking EX90 large electric SUV.

The Volvo EX30 rivals the similarly-priced Tesla Model 3, Cupra Born, and Polestar 2 electric cars. But, electric SUV competitors include the upcoming all-new Hyundai Kona Electric, Kia Niro EV, and larger Tesla Model Y.

It’s also notably cheaper than its luxury small SUV competition, including the Mercedes-Benz EQA, BMW iX1, and Lexus UX300e.

EX30 Key Specs: Range, Charging and Size

Cloud Blue Volvo EX30 front

The Volvo EX30 is available in three variants in Australia, with single motor rear-wheel drive and dual motor all-wheel drive powertrains.

All use a 64kWh usable battery with a nickel-manganese-cobalt (NMC) cathode lithium-ion chemistry. A shorter range, but longer lasting 49kWh usable lithium-iron-phosphate (LFP) battery won’t be sold locally at launch.

The two single motor models provide up to 480km of claimed WLTP driving range, with a spritely 0-100km/h acceleration time in 5.3 seconds and 153kW DC fast-charging capability.

Meanwhile, the twin motor only compromises 20km less claimed range, but ups the ante with a 0-100km/h time in just 3.6 seconds – in line with the Tesla Model Y Performance, Kia EV6 GT, and Ford Mustang Mach-E GT.

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EX30 Price, Models and Features

Volvo EX30 driving on street top view

The Volvo EX30 is priced from $59,990 before on-road costs for the Single Motor Extended Plus. Key features include a 12.3-inch central portrait-orientated touchscreen with integrated driver instrumentation powered by Android Automotive software, leather-free and recycled interior materials, a front soundbar speaker, and digital key functionality.

Additionally, for $5000 more, the Extended Ultra gains features including a 360-degree camera system, fixed panoramic glass roof, semi-automatic parking, electrically adjustable and heated front seats, and a heated steering wheel.

For another $5000 more, the Twin Performance Ultra gains 20-inch alloy wheels and the dual-motor all-wheel drive powertrain.

The base 'standard range' and rugged-looking Cross Country variants will unlikely be offered in Australia (at least from launch).

EDITOR’S NOTE: Volvo Cars Australia has detailed preliminary local specifications and features. We will update this story as more details are revealed ahead of its launch later this year.

Volvo EX30 PlusVolvo EX30 Plus

EX30 Single Motor Extended Plus price: $59,990 before on-road costs

Single Motor Extended Plus features:

Battery64kWh usable NMC battery
Exterior19-inch alloy wheels (expected)
Electrically operated tailgate
Welcome/farewell light
Full LED lights
Two tone black roof
InteriorLeather-free interior
Centre storage box with sliding cup holders
Two-zone climate control with cabin filter
Front soundbar speaker
Auto dimming mirrors
Technology12.3-inch portrait-orientated touchscreen powered by Android Automotive and Snapdragon Cockpit Platforms
Driver instruments integrated into central touchscreen
Calm view central touchscreen mode
Over-the-air software update capability
Wired Apple CarPlay
Built-in Google Maps with charging stop route planning and Assistant voice control
Qi wireless charging pad
Connected smartphone app with digital key functionality
NFC key card
Battery preconditioning
5G cellular connectivity
Safety assistFront auto emergency braking (AEB) with car/pedestrian/cyclist/intersection detection
Rear AEB
Blind-spot assist
Lane keep assist
Oncoming lane mitigation
Run-off road mitigation
Front and rear cross-traffic assist
Road sign recognition
Adaptive cruise control with ‘Pilot Assist’ lane centring
‘Distance to Truck’ assist
Rear view camera
Front and rear parking sensors
Door opening alert
Volvo EX30 UltraVolvo EX30 Ultra

EX30 Single Motor Extended Ultra price: $64,990 before on-road costs

Single Motor Extended Ultra adds:

ExteriorFixed panoramic glass roof
InteriorElectrically adjustable front seats
Four-way lumbar adjustment
Heated front seats
Heated steering wheel
Tinted rear windows
Safety assist360-degree camera system
Semi-automatic parking (‘Park Assist Pilot’)
Volvo EX30 Performance UltraVolvo EX30 Performance Ultra

EX30 Twin Performance Ultra price: $69,990 before on-road costs

Twin Performance Ultra adds:

Exterior20-inch alloy wheels
Volvo EX30 Breeze interior rear seats

Volvo EX30 Options

  • Exterior colours – $TBA: Vapour Grey, Onyx Black, Crystal White, Moss Yellow, Cloud Blue
  • Interior designs (depends on the exterior colour) – $TBA: Breeze, Mist, Pine, Indigo

EX30 Government Incentives

Volvo EX30 central touchscreen showing Google Maps and speed readout

As at the time of publication, all Volvo EX30 variants are eligible for government incentives, as summarised in the table below. Refer to our guides for more information on the federal FBT exemption and state-based incentives.

Volvo EX30 on a Novated Lease

DISCLAIMER: Zecar is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the website information relates to your unique circumstances.

The introduction of the FBT exemption for electric cars means procuring a Volvo EX30 through a novated lease may be cheaper than purchasing one outright. In the below example, we've broken down the financial case for 'James', a NSW-based sales representative who:

  • Drives 15,000 km per annum
  • Earns $100,000 gross income per annum
  • Procures a Volvo EX30 Single Motor Extended Plus ($59,990 before on-road costs) through a novated lease and a salary packaging arrangement through his employer

Over a five-year lease, the total costs of the novated lease are $91,734 – this does not include any tax savings. This is ~$15,500 more expensive compared to an outright purchase. The total lease payments (including running costs) equate to $571 per fortnight.

The total cost of the novated lease after tax savings is $66,123. This makes the novated lease ~$10,000 cheaper than an outright purchase after tax savings. The tax savings arise from being able to reduce your pre-tax salary by the lease payments and running costs – resulting in James being taxed a lower amount. We explain this in more detail in this novated lease guide

This analysis does not take into account additional interest paid on a home loan or foregone interest on a term deposit for the outright purchase option.

Analysis undertaken by Danny Thai

EX30 Warranty and Servicing

Volvo EX30 interior door trim

The Volvo EX30 is covered by a five-year/unlimited kilometre vehicle warranty and an eight-year battery warranty.

Eight years of roadside assistance is also included, with logbook servicing required every two years.

How does the EX30 compare to other EVs?

Cloud Blue Volvo EX30 front daytime running lights detail

The Volvo EX30 compares well on paper with the Kia Niro EV, Cupra Born, and Tesla Model Y.

It offers similar claimed driving range to all three electric models, but is the most powerful off the line – even on the base variant. But, the larger and popular Tesla electric SUV still has the advantage of the LFP battery, better energy efficiency, and faster DC charging capability.


About the author

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Henry Man

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Henry Man is a motoring journalist passionate about the intersection of technology and transportation, with a focus on electric vehicles.

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