The 2025 Volvo EX30 is the brand’s newest and smallest SUV. We want to tell you many things about it, but the price of $36,145 stands out. Ultimately, this means a battery-powered Volvo costs the same as a battery-powered Hyundai. You may remember that Tesla promised to make an electric car that cost $35,000 for ten years, but it never did, and now the Model Y costs more than $50,000. (Note that Tesla cars are eligible for the $7,500 federal tax credit, but the EX30 is not because it will be made in China.) If you’ve been looking for an affordable electric SUV driven by a luxury brand, you don’t have to look any further.