What Do the First Used Volvo EX30s Teach Us?

The small electric SUV from Volvo, the EX30, has been delivered for a few weeks now, and its used market is just beginning. Interesting.

At the end of 2023, Volvo was committed to signing as many orders as possible for its new 100% electric model, the EX30, so that it could still benefit from the ecological bonus (which was then 5,000 euros). The first deliveries were supposed to occur in the last quarter of 2023, but industrial complications slowed down the process. Nevertheless, everything returned to normal starting January 2024.

Since then, the Volvo EX30 no longer qualifies for the bonus, but some of the recent used models available today did benefit from it. An important detail when assessing the brand’s positioning with its electric SUV, which is neither larger nor more relevant — at least at entry-level — than a significantly cheaper Renault Mégane!

Urgent to wait!

A quick review of available used models immediately reveals the priority given by the Sino-Swedish manufacturer for its first sold units: high-end finishes.

Even with several thousand kilometers on the odometer, the starting price of a EX30 is listed at €41,990, far from the promised €37,500 for the entry-level version. All units feature the extended range option “Extended Range” in Plus Single trim. This configuration, at the list price, costs €45,670.

The depreciation is therefore quite steep, despite the €5,000 ecological bonus. Dealers are trying to capitalize on the opportunity, but consumers should remain vigilant.

As it stands, it is urgent to wait until prices stabilize and the “bonus” effect disappears for a clearer view of this vehicle’s market position.

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