Volvo's new EV costs the same to lease as a Tesla Model Y Premium, but here's the catch

Volvo’s new “game-changing” midsize electric SUV, the 2027 EX60, is now on sale, but is it worth it to lease?

2027 Volvo EX60 lease offers

Volvo said it’s lowering the threshold for a premium electric SUV after opening orders for the all-new EX60 on Monday.

The 2027 Volvo EX60 starts at $58,400, which is nearly $23,000 cheaper than the three-row EX90. It’s also less expensive than most premium electric SUVs currently on sale, including the new BMW iX. BMW opened orders for the 2027 iX3 earlier this month, starting from $61,500.

While the EX60 is slightly less expensive, it doesn’t offer as much driving range. Volvo’s cheapest EX60 model, the P6 Plus, offers a driving range of up to 307 miles. The EX60 P10 AWD starts at $60,750 and offers up to 322 miles of range.