Volvo’s electric lineup needed a genuinely affordable entry point, and a new report suggests that buyers might actually get one.

According to a new Automotive News report, Volvo is quietly working on a compact electric crossover, called the EX50. It will be aimed at replacing the dated EX40 in the US sometime in 2027.

What could be the purported Volvo cost?

Here’s the part that caught my attention. Despite sitting below the EX40 in price, the EX50 is reportedly larger in both height and length, something that the American auto market has rewarded over time.

Pricing is expected to land in the high $40,000 range, a solid chunk cheaper than the…

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