Chevrolet Equinox EV pricing.
Last Updated:
As expected, unfortunately, there won’t be a $ 30,000 Chevrolet Equinox EV. Instead, the cheapest model will start at $ 35,000 for the 1LT version. At least they didn’t cancel it, like the base Silverado EV, just raised the price instead. Which again, was expected. You will now get a range of at least 300 miles instead of the 250 miles mentioned last year. So it’s more expensive, but it’s at least a bit better.
Next up is the 2RS model with a 319-mile range. The well-equipped model will start at $ 49,000 for the FWD version and $ 52,400 for the AWD model. And that will be a big problem for GM. As it is much more expensive than the $ 35,000 base model, and will be the only version available at first. It could be up to a year before the 1LT actually reaches dealers.
The Equinox EV’s biggest problem will be, of course, the Tesla Model Y. Which will be revised and improved by the time the Equinox EV becomes widely available. The loaded RWD Model Y is not just $ 44,000 for the RWD version. Sure, it has a shorter 260-mile range. But if you step up to the AWD model with a 330-mile range, you are still under the Equinox 2RS AWD at $ 49,000.
GM’s claim of a cheaper EV SUV is slowly disappearing. Like it or not, most EV buyers still want a Tesla. Amazingly enough, the Model Y is on its way to actually becoming the world’s best-selling car in 2023.
An Equinox that is more expensive than a Tesla with similar equipment is just not going to cut it…
Well this is pretty much DOA then. The ICE version won’t have any trouble flying off lots though. People may still be confused by the Equinox and Equinox EV as they are nothing alike, just like the Blazer and Blazer EV. Although theres no news on a next gen ICE Blazer.
The new GM Ultium EVs all have the same major flaw: no frunk. One of the major advantages of an EV platform is gaining that extra cargo space, and none of GMs new EVs will have it. As for the price, It seems like most EV introductions start with the high priced models first, and we end up waiting for the low priced teaser models. We never did get the $35,000 Tesla Model 3, but 7 years later we are getting close. So will we ever really see a $35,000 Equinox EV?
I don’t think Telsa’s are as cheap as everyone thinks. My friend was going to buy a Model Y, but what put her off was the cost to insure was TWICE what she was paying for the same coverage. That’s an important factor that not everyone thinks about up front – but it IS part of total cost.
We must pay waaaaaay more for Tesla’s in Canada. A model 3 starts at 53k and a Y at 58K.
No one can afford these EVs. Unless there is a pivot to standardize Hybrids/Plug in hybrids (which should have been a large part of the market at this point), this is going to come to a head. Used cars will come down for a bit and sky rocket again when brands stop making ICE completely.
Many people can actually afford these EVs. The $49 000 Equinox EV becomes around $39 000 after federal and state incentives (or even less in some states). Which is actually cheaper than the CR-V Touring Hybrid I tested recently. And just a couple of thousand more than the non-hybrid EX-L model I also drove. A Tesla Model Y is actually now cheaper (after incentives) than most versions of the CR-V and RAV-4.