The EX50 will ride on the SPA3 platform and be similar in size to the Tesla Model Y. Volvo is reportedly preparing a new electric crossover to replace the aging EX40 and compete in the hotly contested compact electric SUV segment dominated by the Tesla Model Y. The EX50 would also become Volvo's new entry-level EV as the EX30 will be phased out after the 2026 model year. According to the report, the EX50 will ride on Volvo's new software-defined SPA3 architecture, the same platform that underpins the EX60. 2027 Volvo EX60 Photo by: Mack Hogan/InsideEVsThe new platform also represents a significant step forward from SPA2, which underpins the EX90.