Volvo EX40 Successor Takes Aim at Skoda Elroq With Cheaper SPA3 Platform

The Volvo EX40 is getting a successor, and the timing matters. Volvo confirms a more affordable electric crossover on its radical new SPA3 platform, with deliveries starting after the summer. Its brief is clear: undercut the EX60 and challenge the Skoda Elroq in Europe’s crowded EV market.

Volvo EX40 Successor Built for Volume

Volvo has not released firm specifications yet. Early positioning, however, points to a smaller SUV aimed at Europe’s most popular C-segment. Still, this Volvo EX40 successor is about volume, not prestige, and it replaces the EX40 EV that starts at £44,000.

Battery economics will decide whether this model works. Owners of a Porsche Taycan already know how expensive pack replacements can get. Volvo needs cheaper cells and smarter packaging to protect its margins.

Range Claims and the 91kWh Question

Forget the 112kWh flagship pack, which rates above 500 miles and likely stays with the EX60. Instead, the mid-range 91kWh pack could fit, offering 410 miles (est.) and 370kW fast charging. On paper, that beats most rivals at this price point.

Production Stumbles Cast a Shadow

Volvo says the SPA3 platform will spread development costs across higher volume. That matters, given recent heavy losses and an 8% profit margin ambition. Meanwhile, the EX60 has built just 5,000 units despite more than 50,000 orders.

Can Volvo Win the Elroq Fight?

Ultimately, the Skoda Elroq is a formidable benchmark with strong value. Volvo’s answer must arrive on time and at the right price. If the production ramp stalls, the EX40 successor risks arriving too late to matter. Our prediction: it will sell well in Europe, but early pricing will tell the real story.

Written By

Liam Campbell

Industry Intelligence & News Editor at Auto News Magazine. Tracking prototype spy shots, Nürburgring development mules, automaker corporate moves, and breaking global automotive scoops.

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