Although its launch has been delayed for a few months due to software integration fine-tuning, the 2024 Chevy Equinox EV will soon arrive in North America and dealers can start submitting orders this month. Now, General Motors claims it has nearly 200,000 hand-raisers for the all-electric crossover.
For a quick explanation as to what exactly this means, a hand-raiser is someone who has expressed interest in the vehicle without yet committing to order or purchase it. Notably, simply signing up to receive newsletter updates is considered a hand-raiser.
With that in mind, the 200,000 hand-raiser figure may not take into account that dealerships may have created their own reservation lists with their customers. As such, these dealers will only be able to submit orders in the first week of November.
It’s worth noting that unlike other General Motors all-electric vehicles – including the GMC Hummer EV Pickup, GMC Hummer EV SUV, Cadillac Lyriq and Chevy Blazer EV, the Detroit-based automaker didn’t take any reservations for the Equinox EV.
As a reminder, the 2024Â Chevy Equinox EV lineup will eventually consist of five trim levels. However, at launch, only a limited-edition 2RS variant will be available with front-wheel and all-wheel drivetrains.
Maximum output for FWD units – produced thanks to Ultium battery and Ultium Drive motor technologies – is rated at 210 horsepower and 242 pound-feet of torque. Meanwhile, AWD units boast output figures of 290 horsepower and 346 pound-feet of torque. Equinox EV FWD variants get an EPA-certified driving range of 319 miles on a full charge, while GM estimates AWD variants’ range at 280 miles.
Under the skin, the Equinox EV rides on the GM BEV3 platform, which it shares with the Chevy Blazer EV and Cadillac Lyriq. Pricing is expected to start around $35,000 for the forthcoming base 1LT trim, while the limited-edition 2RS FWD and 2RS AWD arriving to market first are respectively priced at $48,995 and $52,395, destination freight charge included.
Subscribe to GM Authority for more Chevy Equinox EV news, Chevy news, GM EV news, and around-the-clock GM news coverage.
Comments
People will buy it out of hate for Elon. sad
Or because the base model will be $10k cheaper than a Model Y, while offering 59 miles more range.
Or because they dislike the spartan interior of the Tesla.
People buy different cars for a lot of different reasons. It’s okay. Really, I swear.
Too bad ‘stealership’ markups will move the base model to ~$40k.
STEALERS can only markup if buyers accept it. If they don’t, then the cat doesn’t sell and they won’t be able to mark up anything. Americans need to start taking responsibility for their stupid behavior and not cry that someone is trying to rip off.
Who hates Elon? Why? We don’t agree on everything but he’s a pretty smart guy and he believes in freedom and that works for me. But I still won’t buy a Tesla or any other EV.
I for one despise the man. Despise. So yeah, there are people who believe when an individual denies a country like Ukraine access to a service after they have been “given” the service because elon thinks that doing a pearl harbor on russia might be a problem. Well, its despicable. It could have pushed the war to ukraine’s favor early on. Elon is like a bond villain come to life. All he needs is a mini-me. I don’t support Bond villains.
Actually, they never had access in that area. So he didn’t pull back on anything. Just denied to extend the service. this is why private companies shouldn’t be making military decsions
mkAtx, besides placing a Ukraine sticker on your car and flag up at your house, what have you personally done for Ukraine – I guarantee it’s much less than Elon and Starlink and Tony is 100% correct.
Freedom that reduces his taxes or gets him subsidies.
True but they will also buy it because it looks much better than any Telsa and the specs are competative
Not sad. Lord Elon will always have his devoted acolytes. 🙂
Yep, several on this site.
With a $50k starting price, a lot of those hands will be coming down in a hurry
Hand raiser????? What is interest so low in EV’s for the sake of saving the planet tha to we can’t even do pre orders now? How many “hand raiser ms can we get for a new Camaro??? 2 million? Doesn’t change that people aren’t buying
And these “handraisers” in this segment will do what they always do, go buy a cheap ICE CR-V or RAV4.
The ICE version of the Equinox starts at $26,600. The EV version starts at $34,995, but qualifies for the $7,500 federal rebate. Starting next year that will be available at point of purchase, and it’s looking increasingly likely that credit will be irrespective of tax liability.
That means the premium on the EV will be less than a thousand dollars for the vast majority of buyers (basically anyone making with a MAGI less than $300k if filing jointly). State and municipal rebates can drive the price even lower. For example, here in New York, it should qualify for a $2000 “Drive Clean” rebate, meaning the entry level model will be a bargain at $25,995 (cheaper than not just the Equinox, but the CR-V or RAV4).
Possibly even more important, with EV credits being available at point of purchase, it can be treated as a down payment, which is a massive boon to cash poor buyers. If GM actually produces the base trims in volume, they should have no trouble at all selling them.
That really pisses people off to have to help pay for other people’s cars!
The rebates are incentives to help the United States become a leader in EV production. It creates jobs and is future thinking. Things are changing. EVs are becoming more common. Would you prefer to just have China completely take over everything EV related.
For EV, ore processing/producing battery materials/parts is a big part of the value add, and it’s already sourced to China with no near prospect of changing. Pro-EV types quietly bank on that as it’s cost savings, then promote that some of the mining won’t happen there.
US is behind, but the incentives are clearly targeting changing things. Without them, we wouldn’t be seeing anywhere close to what we are seeing right now. When they first introduced them some people complained that no cars would ever qualify. Now some people complain that too many cars qualify. It’s an investment in the future.
Battery requirement
To be eligible for the battery portion of the credit (up to $3,750), a certain percentage of the vehicle’s battery must be assembled or manufactured within North America. The percentage thresholds will be as follows:
2023: 50%
2024: 60%
2025: 60%
2026: 70%
2027: 80%
2028: 90%
2029 through 2032: 100%
Critical minerals requirement
Cars must meet a “critical minerals requirement” to receive the remaining $3,750 portion of the credit. This requirement stipulates that a certain percentage of critical minerals in the car’s battery must be extracted or processed within the U.S. or within a country with whom the U.S. has a free-trade agreement. The percentage thresholds will be as follows:
2023: 40%
2024: 50%
2025: 60%
2026: 70%
2027 through 2032: 80%
Beginning in 2024, vehicles may also not source battery parts from a foreign country of concern (e.g., China). And starting in 2025, EVs cannot contain any critical minerals sourced from a foreign country of concern.
“North America” and foreign country of concern reflects a divide between TPTB’s wonk policy – and what represents enough of the US public that no longer has real trust in our institutions/neighbors/allies, is something else. Yes, I’m also speaking for myself.
If the rule was USA instead of North America would you be happy with that, or would you rather they do nothing. Genuinely would like to understand your viewpoint.
It’s hard to be too idealist. Economics fall apart without trading with non-peers or national rivals. I wasn’t against the supposedly sun-setting plug-in credit over a decade ago. Now, let EV to find it’s niche here and let western Europe and China go their own way.
Mining is the lowest end of the value chain. Redundancy is necessary for supply security, unproductive gov money might have to be in play. Tariffs away from sweatshop nations would be my choice.
It always turns political. USA has to come first. We end helping the UK’s standing and vision in the world. We shouldn’t. Divide and conquer rule the day.
Sorry if I’ve lost brevity typing this.
Tariffs might cause higher prices for the consumer and inflation. I think incentives are a more straight line way to make things better for the consumer while influencing more production in the US. Aren’t you the mercy of corporations pricing practices with tariffs? I suppose it may have a similar impact, but seems less tangible and more risky.
2 points: -I think the US auto biz wins a tariff tit-for-tat. -The vehicle buyer here is past due for something more austere, and a big cost & co2 agenda regulation break.
Wrong. ALL of the Lithium for US EV batteries will eventually be sourced from either the McDermott Caldera in NV/OR or Hell’s Kitchen/Salton Sea in Imperial Valley, CA., with all battery production taking place in the US at plants like Lordstown, OH.
How do you feel about oil insusttry subsidies?
Stan, in principle, you are correct as incentives choose ‘winners’ at something else’s expense, but this is a global auto market with every country cheating for it’s winners and the US is way behind in terms of independence. The oil industry still receives well over $150B in explicit and implicit subsidies annually from federal and state governments in addition to the Navy actively safeguarding oil shipping lanes, etc. So, we are already helping our oil companies provide stable, low cost fuel which drives the economies of the west. The US government is hedging its bets on developing a viable, long term BEV infrastructure in the US. The bottom line is – like it or not, the IRA incentive exists, GM is wisely investing in BEVs as there is a massive Chinese BEV wave (subsidized heavily by the Chinese government) on the horizon. The IRA gives US automakers time to get their sh!t together to remain viable.
Like we do with fossil fuel subsidies
government should keep out of private and let the market decide….who said they can use my money to help someone buy a car.
Sure, if markets worked the way they should in a perfect world, but they don’t because of the unlimited number of greedy a**holes out there. So unfortunately govt. frequently has to step in and either put guiderails in place or help their own, domestic industries because of other countries’ governments not playing by the same rules. Welcome to the real world.
@Aquarian
Quick question….have you sent the Government personal authorization for them to Subsidize Oil?
Or should Government just stay out the Private Market for things that you personally are against?
I am actually curious. Are you against us Subsidizing Oil with waaaaaaaaaay more money than what we will spend on the IRA part that will be for BEV’s?
@Matthew William Berg
That is correct. Pretty soon purchasing an EV will be so much cheaper than buying an ICE vehicle.
I will stick to my prediction of 2027.
Then you throw in almost zero maintenance and no Gasoline and it becomes borderline insane to even consider a NON Performance ICE vehicle.
IMHO, until the used car market for EV’s establishes a common set of reliable metrics to “rate” the remaining life of the battery, buying a new EV is tremendously speculative.
It will be interesting to see how things go when batteries start failing. On the other hand, there are so many more problems with ICE vehicles. They don’t exactly hold their value very well typically. A car is expensive, EV or otherwise.
I think the challenge with EV sales is the rate of technology advancements. If you are slow to produce you get so far behind in specs that your no longer attractive to buyers. See VW for example. You also have a smaller segment of the population that it makes sense for at the moment. If you don’t live in a house with access to EV charging, owning one makes less sense. If you do, an EV is extremely convenient. Full tank every morning.
I have been waiting for my ID Buzz for an eternity. I’m beginning to wonder if I will buy it. And if they can’t convince me to buy it, they are in huge trouble.
200,000 hand raisers is NOT a lot. I’d like to know what the industry average of hand raisers that translate into actual sales is, but I bet it’s low (20-30%, maybe less?). I mean, all you have to do to be a “hand raiser” is to visit the website and click “learn more” and input your email address or check the box when you’re signing up for a free Chevy shirt at your local car show. I’ve done that for tons of future models for decades now.
I would be a hand-raiser, but not yet. I’ve found it’s best to wait a year when buying a totally new model so the inevitable bugs can be worked out. Plus I’d want the superior NACS connector which won’t be available until MY 2025
I was a Canadian hand raiser also,untill I saw the price!!! No incentives in Canada??????
A previous article indicates this Equinox EV is to be built in Mexico. IF it were being built in USA or Canada I’d raise my hand in interest.
Overpriced garbage!!!!!! I will stick with my diesel Suburban and gasoline 5.3 Tahoe.
@Steve
Well I am floored that you won’t be giving up your Three Row Suburban or the Tahoe for a Nox (BEV or ICE) I would assume huh?
Lol
I’m not buying any Chevy vehicles!!! They dot stand behind their recalls and lie about everything! My Chevy Equinox is sitting in my adult children driveway right now before a serious oil usage that they won’t cover now!! So now I have to find money to buy myself a new motor hopefully get a descent mechanic to put it in!!! It’s all nothing by lies and BS!!
If GM prices the BEV Nox at 35K to start off then drop it down to the stated 30K while it being able to qualify for the $7500 Tax Incentive, GM should be able to sell these like Hotcakes.
But seeing how GM has handled the other Ultium launches thus far I am very much skeptical GM will execute with any such precision.
Two things I fear for the Big Three.
Tesla being able to launch their so called 25K vehicle any time soon.
And Chinese Automakers being able to flood our Market with BEV’s prior to our Big Three being able to complete in Scale with their BEV offerings.
The $7500.00 tax incentive is only good if you have a tax liability . In 2024 If the dealer gives you the $7500.00 off as a down payment and at the end of the year if you do not have tax owing for that amount you will be writing a check to the IRS for the difference. I think I am right on this..if not let me know.
If you earn $45k or more you have more than $7500 in tax liability.