Volvo has officially canceled the EX40 electric compact luxury SUV, the automaker confirmed to Car and Driver.The EX40 nameplate was only around for two model years, though the model existed for four additional years as the XC40 Recharge.The cancellation comes as the EX40’s sales numbers are dwarfed by the gas-powered XC40, which Volvo just updated for the 2028 model year.