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

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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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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.

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

Single Motor Extended Plus features:

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

Single Motor Extended Ultra adds:

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

Twin Performance Ultra adds:

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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

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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.

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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

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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.

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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.