Volvo EX60 delayed in Australia until late 2027

Australian deliveries of the Volvo EX60 have been delayed until late 2027, and possibly early 2028. Production for Australia has been allocated to Model Year 2028 after a slower factory ramp-up in Sweden and priority for European orders. That puts the $86,990 P6 Ultra, which sits under the luxury car tax threshold, at risk of missing a full Fringe Benefits Tax exemption if proposed tax changes take effect from 1 April 2027.

Volvo had originally pointed to a late-2026 or early-2027 Australian arrival. Exact timing for the first local cars has not been published, and reports differ on when Model Year 2028 production starts.

Why the EX60 is late

Volvo has taken more than 50,000 orders for the mid-size electric SUV, but had built only about 5,000 since production began in April 2026. The slow ramp has been linked to the car’s new electric motors and to installing battery packs in its underbody structure. European customers have been prioritised, pushing Australia later in the queue.

Volvo Cars Australia currently lists two grades for this market: the rear-wheel-drive P6 Electric Ultra and the all-wheel-drive P10 Ultra. A hotter P12 and an EX60 Cross Country have been discussed or listed in some market material, but they are not confirmed Australian products at this stage.

Price and official Australian specs

Those range and output figures are the ones Volvo Cars Australia currently publishes for the P6 and P10. The EX60 uses an 800-volt electrical architecture, with a claimed 10–80 per cent DC charge in around 26 minutes under suitable conditions. A retailer should confirm the final specification attached to any Australian order, including battery size for the P10, because published figures have varied between sources.

What the delay means for FBT and novated leases

The P6’s $86,990 list price sits below the current fuel-efficient luxury car tax threshold of $91,661, so it is eligible for today’s full Electric Car Discount FBT exemption. The P10, at $101,990, is already above that threshold and does not qualify.

The federal government’s proposed changes have passed the House of Representatives but have not passed the Senate or received Royal Assent, so they are not yet law. If enacted, the bill would start on the later of 1 April 2027 and the first day of the quarter after Royal Assent. From that point, eligible electric cars priced at $75,000 or less would keep a full exemption, while cars above $75,000 up to the LCT threshold would receive only a 25 per cent FBT discount.

A delayed P6 is therefore likely to arrive after the proposed start date. Whether a buyer can still keep the current full exemption is contested. Some advice treats a binding lease commitment made before the start date as enough to retain the existing treatment. Other readings of the policy say the vehicle must be first held and used before that date, which would shut out cars delivered later even if they were ordered earlier. The ATO has said existing leases would be protected if the bill becomes law, but refinancing or changing employer arrangements may count as a new commitment. Get advice on your own contract before assuming either outcome.

Until the Senate votes and the bill receives Royal Assent, the current full exemption continues to apply to eligible EVs below the LCT threshold. Buyers who were counting on a P6 novated lease should treat late 2027 timing as the working assumption and check the final law before they sign.