Chevy Equinox Electric Car Price Revealed Affordable EV Option

The Chevy Equinox electric car price starts at just $34,995, making it one of the most affordable EVs in its class without sacrificing range, tech, or style. With up to 319 miles of range and a spacious interior, it delivers exceptional value for budget-conscious buyers seeking a reliable electric SUV.

Key Takeaways

• Affordable pricing: Starts under $35,000, making it a budget-friendly EV choice.
• Generous range: Offers up to 300 miles on a single charge.
• Fast charging: 100 miles in 10 minutes with DC fast charging.
• Tax credit eligible: Qualifies for up to $7,500 federal EV incentive.
• Spacious interior: Practical SUV design with ample cargo and passenger space.
• Advanced tech: Standard infotainment and driver-assistance features across trims.

The Future of Affordable EVs: Chevy Equinox Electric Car Price Unveiled

The electric vehicle (EV) revolution is accelerating, but one persistent barrier remains: affordability. While luxury EVs dominate headlines, mainstream buyers have long sought practical, budget-friendly options. Enter the Chevy Equinox Electric Car, General Motors’ bold answer to the demand for a competitively priced, family-friendly electric SUV. With its official price tag now revealed, the 2024 Equinox EV is poised to disrupt the market, offering a compelling blend of range, features, and value that could make it the go-to choice for first-time EV buyers and budget-conscious families alike.

At a starting price of $34,995 (before federal tax credits), the Equinox EV undercuts rivals like the Tesla Model Y, Ford Mustang Mach-E, and Hyundai Ioniq 5. This aggressive pricing strategy signals GM’s commitment to electrifying the masses, not just the wealthy. For context, the average EV in 2023 costs over $53,000, making the Equinox EV a potential game-changer. But is the low price a sign of compromise, or does Chevy truly deliver a premium experience at a mainstream cost? Let’s dive into the details that matter most to buyers: price, range, features, and long-term value.

Chevy Equinox Electric Car Price Breakdown: Trims and Configurations

The Equinox EV lineup is designed to cater to diverse budgets and needs, with three primary trims: LS, LT, and RS. Each tier offers incremental upgrades, ensuring buyers don’t pay for features they won’t use. Here’s how the pricing shakes out:

Base Model (LS): $34,995

The LS trim is the entry-level gateway to EV ownership. Key features include:

• 174-mile range (ideal for city drivers or short commutes)
• 17-inch wheels, LED lighting, and cloth seats
• 8-inch infotainment with wireless Apple CarPlay/Android Auto
• Standard Chevy Safety Assist suite (automatic emergency braking, lane-keep assist)

Practical Tip: If you drive under 50 miles daily, the LS trim’s range is sufficient, and its price leaves room in your budget for home charger installation (~$1,000).

Mid-Range (LT): $39,995

The LT trim strikes a balance between cost and comfort, adding:

• 250-mile range (upgraded 85 kWh battery)
• 18-inch wheels, heated front seats, and power liftgate
• Available Ultium Charge Station ($1,200) for faster home charging
• Optional sunroof and upgraded audio

This trim is ideal for suburban families or those with longer commutes. For example, a 100-mile round-trip commute would leave 150 miles of buffer—enough for errands without daily charging.

Premium (RS): $44,995

The RS trim delivers near-luxury features, including:

• 300-mile range (largest 100 kWh battery)
• 20-inch wheels, leather seats, and ambient lighting
• Standard Super Cruise (GM’s hands-free highway driving system)
• Available panoramic sunroof and premium Bose audio

Pro Insight: The RS trim’s 300-mile range eliminates range anxiety for road trips. For instance, a 150-mile drive to a weekend cabin would use just 50% of the battery, leaving ample charge for detours.

Cost of Ownership: How the Equinox EV Saves You Money

While the upfront price is crucial, the long-term cost often determines an EV’s true value. The Equinox EV shines here, thanks to lower operating expenses and incentives.

Fuel Savings: $1,000+ Annually

EVs are 60% cheaper to “fuel” than gas cars. Assuming 15,000 miles/year and $0.13/kWh electricity:

• Equinox EV (300-mile range): $650/year
• Gas Equinox (31 MPG): $1,800/year (at $3.50/gallon)
• Savings: $1,150/year

Example: A 5-year ownership period nets $5,750 in fuel savings—enough to cover the Equinox EV’s price difference vs. its gas counterpart.

Tax Credits and Incentives

The Equinox EV qualifies for the federal $7,500 tax credit (if GM’s supply chain meets IRA requirements by 2024). Additional state incentives (e.g., California’s $2,000 rebate) can lower the effective price to $25,495 for the LS trim. Always verify eligibility with your tax professional.

Maintenance Advantages

EVs require 50% less maintenance than gas cars. The Equinox EV’s 3-year/36,000-mile bumper-to-bumper warranty and 8-year/100,000-mile battery coverage reduce long-term costs. Key savings:

• No oil changes, spark plugs, or exhaust systems
• Regenerative braking extends brake pad life
• Fewer moving parts mean lower repair frequency

Range and Charging: Real-World Performance

Range anxiety remains a top concern for EV buyers. The Equinox EV’s tiered range options address this with precision.

Range by Trim: A Closer Look

Here’s how the Equinox EV compares to rivals in its price bracket:

Model	Base Price	Range (EPA)	Price per Mile
Chevy Equinox EV LS	$34,995	174 miles	$201
Chevy Equinox EV LT	$39,995	250 miles	$160
Chevy Equinox EV RS	$44,995	300 miles	$150
Tesla Model Y RWD	$43,990	260 miles	$169
Ford Mustang Mach-E Select	$42,995	247 miles	$174

The Equinox EV RS offers the best value per mile in its class. For example, the RS trim’s 300-mile range costs $150 per mile, while the Tesla Model Y RWD is $19 more per mile.

Charging Speed and Infrastructure

The Equinox EV supports 150 kW DC fast charging, adding 70 miles in 10 minutes. For home charging:

• Level 2 (240V): 30 miles/hour (full charge in 8 hours)
• Level 1 (120V): 5 miles/hour (full charge in 50+ hours)

Tip: Use a Level 2 charger overnight. For a 250-mile range, charging from 20% to 80% takes just 4 hours—perfect for a full day’s range by morning.

Technology and Features: Where the Equinox EV Excels

Beyond price, the Equinox EV’s tech and comfort features make it a standout in the affordable EV segment.

Infotainment and Connectivity

All trims include:

• 8-inch or 11-inch touchscreen with Google Built-In (LT/RS trims)
• Over-the-air software updates
• Wireless charging pad (LT/RS)
• Wi-Fi hotspot capability

The Google Built-In system provides real-time traffic, weather, and charging station data—critical for planning trips. For instance, the system can automatically route you to a charging station when battery drops below 20%.

Safety and Driver Assistance

Chevy Safety Assist is standard, featuring:

• Automatic Emergency Braking
• Lane-Keep Assist
• Adaptive Cruise Control (RS trim only)
• Super Cruise (RS trim): Hands-free driving on 400,000+ miles of mapped highways

Real-World Use: Super Cruise reduces driver fatigue on long trips. A 3-hour highway drive becomes effortless, with the car handling steering, braking, and lane changes.

Cargo Space and Practicality

Despite its compact size, the Equinox EV offers 29.9 cubic feet behind the rear seats and 57.2 cubic feet with seats folded—comparable to gas SUVs. The RS trim adds hands-free power liftgate, a boon for loading groceries with full hands.

How the Equinox EV Stacks Up Against the Competition

The Equinox EV enters a crowded market, but its pricing and features create a unique niche.

Price vs. Range: The Winning Formula

Most rivals force buyers to choose between low price and long range. The Equinox EV offers both:

• Lowest base price ($34,995) in its class
• Highest range (300 miles) for under $45,000
• Best price-to-range ratio (see table above)

For example, the Hyundai Ioniq 5 SE ($41,450) offers 220 miles of range—$6,455 more for 80 fewer miles than the Equinox EV LT.

Brand Trust and Resale Value

Chevy’s reputation for reliability and GM’s 100-year legacy add peace of mind. While EV resale values are still evolving, the Equinox EV’s 8-year battery warranty and mainstream appeal suggest strong retention. In contrast, niche EVs (e.g., Nissan Leaf) depreciate faster due to limited demand.

Charging Network Access

Unlike Tesla, the Equinox EV uses the universal CCS charging standard, giving access to 30,000+ public stations in the U.S. (vs. Tesla’s 12,000 Superchargers). GM also partners with EVgo for discounted rates for owners.

Conclusion: Why the Chevy Equinox Electric Car Price Makes It a Winner

The 2024 Chevy Equinox EV isn’t just another affordable EV—it’s a strategic leap by GM to dominate the mainstream market. By pricing the LS trim at $34,995, the LT at $39,995, and the RS at $44,995, Chevy delivers unmatched flexibility. Whether you’re a city dweller needing 174 miles, a suburbanite craving 250 miles, or a road-tripper demanding 300 miles, there’s a trim tailored to your needs. Add in $7,500 in federal tax credits, $1,000+ annual fuel savings, and a tech-rich interior, and the value proposition becomes undeniable.

For first-time EV buyers, the Equinox EV eliminates the usual compromises. You don’t sacrifice range, features, or reliability to save money. For families, its cargo space, safety tech, and charging speed make it a practical daily driver. And for eco-conscious shoppers, GM’s commitment to 100% renewable energy for manufacturing aligns with sustainability goals. The message is clear: affordable EVs no longer mean “cheap” EVs. The Chevy Equinox Electric Car redefines what budget-friendly electrification can achieve—and sets a new benchmark for the industry.

Frequently Asked Questions

What is the starting price of the Chevy Equinox electric car?

The 2024 Chevy Equinox EV starts at an MSRP of $34,995, making it one of the most affordable electric SUVs in its class. This competitive pricing positions it as a strong contender for budget-conscious EV shoppers.

Does the Chevy Equinox electric car price qualify for federal tax credits?

Yes, the Chevy Equinox EV is eligible for the full $7,500 federal tax credit, potentially lowering its effective price to $27,495. Buyers should verify eligibility based on income and tax liability.

How does the Equinox EV’s price compare to other affordable EVs?

The Chevy Equinox electric car price undercuts rivals like the Hyundai Ioniq 5 and Ford Mustang Mach-E by $5,000–$10,000. Its value proposition improves with standard features like DC fast charging.

Are there additional costs beyond the listed Chevy Equinox EV price?

Optional packages (like the $3,300 Premium trim) and destination fees ($1,395) will increase the final price. Charging equipment and insurance are extra but common to all EVs.

What trim levels affect the Chevy Equinox electric car price?

Three trims are offered: 1LT ($34,995), 2LT ($43,295), and 3LT ($48,795). Higher trims add luxury features like heated seats and larger wheels, but the base model remains a value pick.

Will the Chevy Equinox EV price drop in 2024?

GM has hinted at potential price adjustments due to battery cost reductions, but no official cuts have been announced. Monitoring manufacturer incentives is recommended for the best deal.