Volvo EX60 electric SUV could rival Tesla Model Y, debut in 2024

In March 2021, Volvo Cars announced that it plans to have a line-up of seven electric cars by mid-decade, in line with its effort to phase out combustion engines from its product range by the end of this decade. The announcement came on the back of the unveiling of the first electric-only Volvo car, the C40. One of the seven EVs will be a model equivalent to the XC60, possibly called ‘Volvo EX60.’


Volvo Cars has backtracked over its decision in 2021 to stop using alphanumeric names. The company’s plans seem to have changed under the leadership of Jim Rowan, who replaced Håkan Samuelsson as its CEO and President on March 21, 2022.

On September 21, 2022, Volvo Cars announced Volvo EX90 as the name of its upcoming flagship electric SUV. understands that there is a strong possibility of the Swedish automaker launching its XC60 electric alternative as ‘Volvo EX60.’

On July 13, 2022, Volvo Trademark Holding AB filed a trademark application for the name Volvo EX60 at EUIPO. According to the Nice Classification, this trademark application is for “electric vehicles; land motor vehicles.” Volvo Trademark Holding AB is a company jointly owned by Volvo Cars and Volvo Group, and it has filed a trademark application for the Volvo EX90 name also at EUIPO.


On June 21, 2021, Volvo Cars’ parent company Volvo Car Group slipped in the confirmation of a Volvo XC60-class EV (now expected to arrive as Volvo EX60) in a press announcement. The company said it wants to set up a joint venture with Northvolt, Sweden’s leading battery company, to develop and produce batteries for the next-gen Volvo and Polestar EVs. Further in the announcement, the company said that the first model to feature battery cells this joint venture company develops would be the electric successor to the Volvo XC60. Volvo Car Group plans to have up to 50 GWh of annual production capacity in Europe with its joint venture in Europe by 2026.

The first car to feature battery cells developed through the joint venture will be the electric successor to Volvo Cars’ best-selling XC60 model.

Volvo Cars’s partnership announcement with Northvolt (via on June 21, 2021

On July 20, 2022, Rowan reaffirmed the existence of the electric alternative to the XC60 in the product pipeline while speaking during Volvo Car Group’s Q2 2022 earnings conference call:

So we have the new electric version of our current XC90 product, which we’ll launch in the fourth quarter of this year. We’ve also said that we’ll be launching a smaller SUV next year, so in 2023, and that’s a really important part of our product line-up because that gives us then the smaller SUV, the 40, the C40, then obviously the 90, and then of course eventually the fully electric replacement for the 60 as well.

Jim Rowan, President and CEO, Volvo Cars (Volvo Car Group Q2 2022 earnings conference call on July 20, 2022)
Volvo EX60 and other upcoming Volvo electric cars
The Volvo EX60 and Volvo EX90 will be instrumental in Volvo’s plan of having EVs account for half the total sales. Image: Volvo Cars

SPA2 platform

The Volvo EX60 will ride on the new SPA2 (Scalable Platform Architecture) currently under development. The notable advantage of the SPA2 versus the SPA1 is that Volvo will make a different floor assembly: the Volvo EX60 and EX90, for instance, will have a skateboard-like flat floor, with provisions to mount flat batteries and electric motors for the front and rear.

Meanwhile, the XC60 is expected to live on until the second half of the decade with periodic updates, in partially electrified variants. Volvo won’t stop producing the XC60 hybrid as demand for the Recharge variant is increasing every year, and the phasing out of the combustion variant would be gradual.


More efficient battery cells

The Volvo EX60 and EX90 will be part of Volvo Cars’ second-gen EVs. Compared to the XC40 Recharge or C40 Recharge, they will have improved lithium-ion battery technology. The company aims for a 50% higher energy density for the battery cells it plans to co-develop with Northvolt. By mid-decade, Volvo Cars plans to introduce third-gen electric cars and cut the charging times by almost half. The third-gen EVs may offer up to 1,000 km or 621 miles of driving range.

Volvo XC40 Recharge C40 Recharge Battery Package
A shorter version of the Volvo EX90’s SPA2 platform may underpin the Volvo EX60. Image of the XC40 Recharge’s chassis used as illustration. Image: Volvo Cars

We plan to source 15 GWh of annual capacity with the Northvolt 1 plant in Skelleftea, Sweden. This will start in 2024 in order to meet our capacity ramp-up of electric vehicles. The third step is to build a new gigafactory of up to 50 GWh of annual capacity. Combined, this will secure supply for the next generation of fully electric Volvos built in Europe.

Erik Severinson, Head of Industrial Strategy, Volvo Cars (Volvo Cars Tech Moment)

Up to 400 kW system power

Henrik Green, Head of Global Advanced Technology & Sustainability, Volvo Cars, has suggested that the Volvo EX60 could come with dual-motor powertrains that generate up to 400 kW (536 hp) of system power. Speaking to Recharge ( in December 2021, Green said that the next-gen Volvo EVs coming from this year (2022) “will receive 400 kW (536 hp).”

200 kW+ charging power

Lutz Stiegler, Solution Manager Electric Propulsion, Volvo Cars, confirmed at the Volvo Cars Tech Moment in June 2021 that second-gen Volvo EVs will have more than 200 kW charging power. The reduced internal resistance of the battery cells, improved thermal management, and an adapted design of the entire high-voltage system will allow the company to increase the charging power to this level, Stiegler said. This would considerably reduce wait times at the charging station.

Volvo second-gen EV batttery pack
Volvo Cars plans to significantly increase the size of its battery packs in future vehicles. Image Source: Volvo Cars


Volvo Cars will offer bidirectional charging, allowing customers to use their car’s battery pack as storage for solar energy. This will help them save money on their energy bills and reduce their carbon footprint. The V2L system comes in handy when running appliances, tools, and gadgets during camping or at the job site. Moreover, customers in markets with time-variable energy prices would be able to reduce their energy bills with bi-directional charging.


The Volvo EX60 could feature a new type of design inspired by the much bigger Volvo Recharge Concept and its production version, the Volvo EX90, which will debut on November 9, 2022. For enhanced aerodynamics, it could be lower and more estate-like compared to the SUV-looking XC60.


The Volvo EX60 will pack a completely new infotainment platform based on Android. At the Volvo Cars Tech Moment event, Sanela Ibrovic, Head of Connected Experience, Volvo Cars, shared the following highlights of the new infotainment platform:

  • A large center touchscreen
  • High-resolution driver information system
  • Optional head-up display
  • Simple user interface
  • Easy to see information
  • Responsive interaction

Every next-gen Volvo EV will run on the company’s own operating system called Volvo Cars.OS, an umbrella of various operating systems across the car and the cloud. The Android Automotive OS powering the infotainment system will be a part of Volvo Cars.OS. Customers will be able to use connected car functions available in every Volvo model using the same mobile app. It will be possible to connect the EV to other ecosystems, like connected home devices, for instance.

Customers will be able to control their car easily using their voice from the convenience of their homes by issuing commands. From inside their homes, customers will be able to control charging, in-car climate, and much more. But we also want our customers to be able to control home functions from the car, such as turning on the front door light and opening the garage door.

Sanela Ibrovic, Head of Connected Experience, Volvo Cars (Volvo Cars Tech Moment)

Technologies available in next-gen Volvo EVs will include spatial audio, haptic seat belts, and a driver monitoring camera as well. Most configurations of the next-gen Volvo EVs will likely be hardware-ready for many high-end features, like Luminar LiDAR-enabled autonomous driving, for example. Customers would be able to enable and use features they didn’t pay for at the time of purchase or lease later by paying later.

We can deploy software over the air to the entire car. Meaning, we can activate and push brand-new functions, for example is, within autonomous driving. We can also improve and enhance existing functions in our cars, and it also allows us to activate paid-for features connected to the mobile app.

Anne-Mette Nygaard, Digital Consumer Products, Volvo Cars

Release Date

According to a report from Autocar, the Volvo EX60 will arrive in 2025. Volvo Cars will offer this model online only. The list of competitors will include Tesla Model Y, next-gen Mercedes EQC (Mercedes EQC SUV), Audi Q4 e-tron, BMW iX3, and Lexus RZ.

By 2025, Volvo Cars targets half of its sales to come from pure electric vehicles. By 2030, the company sees itself dealing exclusively in fully electric vehicles. If that actually happens, the Swedish automaker would be one of the first legacy companies to switch entirely to pure electric vehicles.

Volvo EX60 FAQs

What is the Volvo EX60 release date?

The Volvo EX60 will reportedly debut in 2024, positioned above the XC40 Recharge.

Which models do you consider Volvo EX60 rivals?

The Volvo EX60 will challenge the Mercedes EQC, BMW iX3 & Audi Q4 e-tron.

Do you have an idea of the Volvo EX60 price?

The Volvo EX60 is expected to come at between EUR 60,000-70,000.

Featured Image Source: Volvo Cars