Volvo has officially announced the pricing for its highly anticipated all-electric 2027 EX60 luxury compact SUV, a model deemed crucial for the Swedish automaker's future in the rapidly expanding electric vehicle market. With the compact electric luxury SUV segment intensifying due to new generations from competitors like Audi, BMW, and Mercedes-Benz, the EX60's design, specifications, technology, and especially its affordability, are paramount to its success. First deliveries for the EX60 are slated to begin later this summer.

The entry point into the 2027 Volvo EX60 lineup is the P6 RWD Plus model, which features a single-motor, rear-wheel-drive configuration. This powertrain delivers a robust 369 horsepower and 354 lb-ft of torque, enabling the SUV to accelerate from 0 to 60 mph in a Volvo-claimed 5.7 seconds. Power is supplied by an 83-kWh battery, offering an estimated driving range of up to 307 miles when equipped with 20- or 21-inch wheels; this range slightly adjusts to 295 miles with larger 22-inch wheels. All P6-badged models come with a fixed suspension system featuring passive adaptive dampers, aiming for a balanced ride.

The P6 RWD Plus trim is generously equipped with a suite of standard features designed to enhance comfort, convenience, and safety. Inside, drivers will find a prominent 15.0-inch infotainment touchscreen integrated with the latest version of Volvo’s Google built-in software, alongside an 11.4-inch digital instrument cluster—notably larger than those found in Volvo’s EX30 and EX90 all-electric models. Audio enthusiasts will appreciate the default 21-speaker sound system from Bose. Other standard amenities include a panoramic roof, a 360-degree camera system, three-zone climate control, and Volvo’s comprehensive Pilot Assist safety suite.

Remarkably, the 2027 Volvo EX60 P6 Plus starts at a competitive price of $59,795. This strategic pricing notably undercuts the MSRP of its internal combustion sibling, the XC60 Plug-in Hybrid, which begins at $62,545. For context, the XC60 PHEV's Core trim offers features like a panoramic roof, wireless phone charging, an 11.2-inch touchscreen, and a 12.3-inch digital instrument cluster, along with Google Assistant, Maps, and Play Store, though it lacks the advanced AI tech of the new EX60. Volvo has also indicated plans to introduce a Core version of the EX60 soon, which is expected to further reduce the starting price by adjusting some standard features.

For those seeking enhanced luxury and additional features, the 2027 Volvo P6 RWD Ultra model is available, positioned as the premium grade in the P6 RWD lineup. This trim adds a vast array of upgrades, starting with 21-inch wheels and high-definition pixel headlights equipped with a pressure-washer function on the exterior. The interior receives significant enhancements, featuring perforated Nappa leather seating surfaces with integrated booster cushions for the rear seats, a heated steering wheel, ventilated front seats, and heated rear seats. Further upscale touches include laminated second-row and rear windows, an electrochromic panoramic roof, and heated wiper blades. The audio experience is elevated with a premium 28-speaker Bowers & Wilkins sound system, rounding out the Ultra trim. The P6 RWD Ultra model begins at $66,395, representing an upcharge of $6,600 over the Plus model.