Back in February 2024, GM Authority reported that production of the 2024 Chevy Equinox EV had officially gotten under way. With that in mind, after roughly three months of production, it appears as though the Bow Tie all-electric crossover has now begun customer deliveries.
According to a statement from General Motors, customer deliveries of the Equinox EV have officially started, with 2RS and 2RS Launch Edition units now showing up on dealership lots. Moving forward, the 2LT, 3LT and 3RS variants will begin landing in dealers by the end of the month.
Notably, 1LT examples will begin showing up at dealerships later this year.
As a reminder, the 2024 Equinox EV is available in either FWD or eAWD drivetrain configurations. GM Ultium battery and GM Ultium Drive motor technologies provide the motivation, while FWD units produce a GM-estimated 213 horsepower and 236 pound-feet of torque and eAWD variants develop 288 horsepower and 333 pound-feet of torque. In regard to range figures, FWD examples are more efficient and can travel up to 319 miles on a full charge, whereas eAWD units boast a 285-mile range from a full charge.
It’s worth noting that General Motors expects the FWD Equinox EV units to be the most-affordable electric vehicle to offer such an EPA-estimated range.
Speaking of affordability, the entry-level 1LT will feature a starting MSRP of $34,995, $1,395 destination freight charge included, while the now-available 2LT is priced from $43,295. Interestingly, the Equinox EV is also eligible for a Clean Vehicle Federal Tax Credit of up to $7,500, which isn’t included in the aforementioned pricing figures.
In regard to structure, the Chevy Equinox EV is underpinned by the GM BEV3 platform, with production taking place at the GM Ramos Arizpe plant in Mexico.
For those who have any burning questions regarding the all-electric crossover, be sure to let us know!
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Comments
Where is your source confirming a $34,995 price for a 1LT trim? Chevy’s own website indicates a starting base price of $41,900, with the 2LT as being the base trim available. Besides optimistic pricing estimates at the launch of the vehicle now YEARS ago, I haven’t seen any recent details of a potential 1LT base trim. As a 2023 Bolt EUV owner, I see the tremendous value potential in a sub $30K (or my Bolt’s case, sub $20K) electric vehicle (w/ tax credit). I DO NOT see the value proposition in a base-model compact CUV Chevrolet at nearly $42K…
Late release on the 1LT?
chevy’s site has the 1LT base price- it also says available later in the year. Not sure where you are getting your info.
Unfortunately it still does not show the features of the 1LT, or at least I cannot find them. When you do a compare the 2LT is the lowest model offered for comparison.
The 1LT is shown at $33600. Originally it was $29995, then $34999, recently adjusted to $33600.
It was never $29,995. It was “around $30k”. And the $33,600 number is just the price before the $1,395 destination fee.
The first and only firm price is and was $34,995
The 2LT starts at $41,900. The 1LT, also listed on the site but further down, starts at $35,995.
Chevrolet’s press release yesterday:
https://media.chevrolet.com/media/us/en/chevrolet/home.detail.html/content/Pages/news/us/en/2024/may/0514-equinoxev.html
This vehicle will do nothing meaningful in the marketplace this year, if ever, unless prices drop significantly. EV prices are dropping steadily, and this is significantly overpriced. GM is about a year behind.
Cadillac looks to be slowly getting it right, but missed a big opportunity with the incredibly slow launch of the Lyriq. Now there is luxury EV competition all the over the place. For Chevy, GM needs to speed up the release of the Bolt — they need to have a lower priced (i.e., under $30k) option available if they are ever going to sell enough vehicles to sell enough OnStar and other subscription packages to make their earning goals.
overpriced based on what reality? What are you comparing it to? The cheapest model Y is about $46k with RWD and about 300miles of range. What else has this much range and will be available for UNDER $40k??? Even the $43k model is a good value with the tax credit
Teslas do come pretty loaded for the price. They have standard heated front and rear seats (including the middle), “vegan” leather, heated steering, and all the digital apps like youtube included plus a basic internet connectivity for OTA updates and basic stuff like music streaming. I wouldn’t call Tesla luxury but I wouldn’t classify them as a brand for the masses. They’re still not for me though and to pay Tesla prices I’d rather a nice Buick.
Give me a break! GM cloth seats are better than the tesla fake leather. I have rented Tesla Model 3’s, the Tesla Vegan leather is like Naugahyde from a 70’s vehicle, it is the worst fake leather out there. Tesla’s interiors suck, you have to be a really biased Tesla fan to brag about their crappy interiors.
I don’t disagree. I personally prefer the more traditional interiors on the GM EVs over the monopolizing screens Tesla has.
What? You don’t like what looks like something a teenager would do to use their tablet in their car? 😉
On the plus side, replacement is probably relatively easy.
The lowest available trim of the Equinox (2LT) has standard 8-way adjustable driver seat, heated front seats, heated steering, and eight years of OnStar services (which doesn’t include music streaming, but it doesn’t appear Tesla’s eight years of “standard connectivity” does either).
Fake leather seems a weird brag, but GM has their own (Evotex) version of that too.
The 1LT will be less well appointed, but will be significantly cheaper that the lowest price Model Y.
Fake leather is for people who don’t understand there’s a large quantity of leather available because it’s basically a leftover of meat production. It makes them feel better.
well I think there is a lot of pollution involved in the tanning process so some would argue even if you have a bunch of dead cows, its better for the environment to have less leather. I mean Euro brands have been offering vinyl with fancy names for years- its just that the practice is spreading in the EV market.
Not really impressed by a built in YouTube app honestly. The funny thing is the base model Y is actually slower than the comparably priced equinox awd. It does have slightly more range though.
I just can’t get out of my head the opportunity they squandered with this car. Between this and the Blazer they could have been front runners in providing EVs to the masses with a $30k Equinox and $40k Blazer. They had an opportunity to eat up mass market share with these two vehicles. Instead they chose bait and switch on the price of the Blazer as far high as its luxury sibling (makes you wonder why I see none on the roads) and they delayed this so much that people just gave up on any chances of affordability out of EVs altogether. The Bolt was ok but this car could have really gained volume. A massive opportunity squandered but then again, I guess it wouldn’t be GM if they made decisions that made sense.
There was no bait and switch, GM first reacted to changes in market but then prices have gone down by over 6 Grand and are at a reasonable level in addition to the 7.5K tax rebait.
The Equinox 1LT at 35K is right around where GM said it would be and only increased about 4K because they removed the smaller battery option, now all trims have the same battery. You are looking at 27K total for the Equinox EV 1LT after rebait.
GM originally said the starting price for the 1LT would be around $30K, not $35K. Big difference.
I’d imagine the reason you don’t see a lot of Blazer EVs on the road is that they were on a stop sale until March 8th.
here is the thing, people who are hoping for these models to fail can always spin it into a negative. Even if time proves that Blazer and Equinox sell in decent numbers they will simply say its because of incentives and gov money and no one really wants these EVs outside of that. They are not going to vary from their narrative that these vehicles are too expensive and undesirable. I thought the goal for EV makers was to push for parity with comparable ICE vehicles and these Chevy models are very close to doing that- and yet people are saying they are “too expensive”. A gas blazer can exceed $50k and lacks some of the tech and performance of the Blazer EV and yet the electric one is being called too expensive.
Yeah, the LT trim of the Blazer EV is probably most comparable to the LT3 trim of the ICEV version, and the price difference is negligible even before the tax credit ($43,690 vs $43,395).
I’m hoping as they scale out they re-enter some of the entry level segments that they ceded to foreign brands. Chevy Spark would be the perfect name for a sub-$20k hatchback, but their smallest primary motor is probably over-powered for that application, so they might need to introduce a cheaper motor for entry level models.
These are first out the door, and people are paying an early adopter tax. Just like Bolt EV was originally $39k and eventually they dropped it to $29k after the first couple years, you can expect GM to start dropping prices once they reached higher scale and production rates.
I’d be shocked if we see crazy incentives on the Equinox based on it’s pricing. Maybe in a year or two when there are more $45k and under models with similar range on the market- but right now I think it’s competitively priced. In fact, the Equinox is one thing that makes the Blazer seem a bit too expensive- that could change if they add more equipment to Blazer without raising price- but right now they are too close in size and features and you will save $5k-$7k with the Equinox.
I need to check out an Equinox in person, but they don’t seem that close size by the pictures. The Blazer EV is pretty big.
size difference is minor. I think the Blazer is 2 or 3″ longer and maybe a couple inches wider but interior space is almost the same. The blazer has longer wheelbase to accomodate the 102 kwh battery on the RS and SS
That’s interesting. You are right, I checked out the specs. Thought Equinox was going to be smaller, people keep calling it a “compact” but at those sizes seems at least midsize.
They’re just making more profitable versions of the cars available at launch. If they hadn’t then the dealers would just be bumping of the prices of lower end versions over MSRP.
Me, I don’t care because I’d never buy a car near its launch date.
I had high hopes for this car and the Blazer EV which was supposed to be released at no more than $40k. But GM squandered an opportunity to be the front runner to bring EVs to the masses with a $30k Equinox and a $40k Blazer. Instead they baited and switched the price on the Blazer to be nearly on par with its luxury sibling (no wonder I see none on the road today). Luckily the Equinox is a but better at $34k but still a bit steep for the lack of value EVs have to offer. But reasons like this is why I can’t feel sorry for them should the Chinese be let loose in our country to wreak havoc on them. At some point, Darwin needs to do his job.
do you really think that is the case? Or do you think that the prices they announced 2-3 years ago were not achievable in this current environment? Honestly, a $30k electric Equinox was not realistic- even 2 years ago. $35k with $7500 off is a good deal, period. Gm dropped the FWD blazer 1LT which makes some sense because there is already too much overlap with the Equinox. Offering a $40k FWD blazer would just be dividing up the market even more. The current pricing limits the price overlap to some degree. Anyone who thinks the blazer and lyriq have the same cost needs to do research. While its true that a base (likely never to be found in stock) Lyriq starts around $63k, most models in stock are in the $66-$70k range. Right now the most expensive blazer RS you can get is about $58k and the Cadillac gets close to $80k- that isn’t similar pricing. A base lyriq is not as well equipped as a Blazer RS which is likely one reason dealers dont even bother with them.
Tell that to BYD. Selling cars at a cheap price with supposedly good performance, technology, and build quality (though I am still skeptical of their long term durability. As I said before. If there is one thing I realized the Chinese have gotten good at is making a product look high quality at its face but dig deeper and it may not be the case).
And how much is the CCP subsidizing BYD, either directly to BYD or indirectly through subsidies to battery and lithium mining companies?
It doesn’t matter. Who is going to stop them and what is GM doing to stay ahead of that? I haven’t heard Mary say anything about it other than “we are concerned.”
the US gov is going to stop them because they dont want market flooded with unprofitable $25k chinese EVs.
Just so I’m clear- you are arguing that a 319 mile equinox LT that will be available for about $28k after tax rebate is a poor value because it’s an ev. That strains credibility. Isn’t that on par or even less than what the 2025 ICE model will cost?
There will be fewer than 2500 1LTs sold this year in the US. I would bet big money on it. GM has not shown the ability to ramp up EV production at any kind of pace, let alone the most inexpensive trims. So that means the Equinox 2LT and up will be battling with similarly priced VW, Hyundai, Kia, Ford, etc offerings; it will do “fine” in the marketplace, but nothing special.
By the time they get the 1LT going in real numbers, other EV companies will have matched the prices, based on how quickly prices are coming down. That’s what I mean by them being a year or so behind. They had the first mover advantage with the Volt (discarded) and Bolt (same) and now are back in the pack. It’s unfortunate, as I’m a stock holder, but that’s reality.
Feel free to name all of these affordable EVs that are due soon. There is lots of vague talk about future value oriented models but you will not be able to tell me when one of them will be on the market. Ford, Tesla and others are supposedly working on stuff but it’s not on the market now and won’t be this year or even next in most cases. So you are making a mountain out of a molehill- lots of EV products show up late, this is more than a GM issue. The only confirmed affordable EV that I know about is the Kia Ev3 and I’m not sure when that is going on sale, but at least they have confirmed its going to production. Many of the future EVs being advertised by EV makers like Rivian and Lucid aren’t coming out until ’25 or ’26. Telsa changes its story on its affordable EV every couple of months- some reports say its cancelled, other reports say its been moved up to launch in 2025- no one knows the truth.
The problem in the United States was battery cells and modules, but both of those were broadly solved in the last quarter of 2023. If you look at the sales of Ultium vehicles it was 976 in FY22, 13838 in FY23, but 9385 in 1Q24. And that’s in spite of the Blazer being on stop-sale through March.
If you look at dealer inventory levels over the past month, there has been a flood of Ultium vehicles onto the market. Right now there are 7907 Lyriqs, 8992 Blazer EVs, 491 Silverado EVs, 1671 Hummer EVs, 471 ZDXs and 2349 Prologues listed nationally.
Who knows what the mix of trims will be, but I have no trouble believing the Equinox EV sales will be in the thousands this quarter, and in the tens of thousands by the final quarter of the year.
Remember that all of the pricing doesn’t include 7500 credit which at least here in Va is at the time of sale. So, that 2RS is 41K. Not bad.
How long do they plan on keeping that though? At some point it will need to stop. They can’t go on like this forever.
Sure it can. They will just replace it with Cash for Clunkers 2.0 instead.
The tax credits are in the law books until 2032, IIRC.
I’m not impressed with the milage only 319 my 2023 Equinox with the 1.5 gets better mileage especially when my commute back and forth to work is 100 miles 5 days a week
That’s a lot of miles for a commute. My first advice is move closer to your work. It of course depends on gas and electric prices where you live, but If you have access at home where you could plug-in, you are just about the perfect candidate for an EV.
100 miles per day at about 28mpg is roughly 3.5gal of gas per day. Avg gas price in the US is $3.6 (it’s close to $5/gal near me at the moment). So that’s roughly $12.5/day in gas. Or about $62/week.
The equinox EV is rated at 31kwh/100mi. (Equivalent to over 100mpg). Avg cost of a kwh in the us is $0.16. Or less than $5/day for your commute. Basically 1/2 the cost of operating. Plus saving on brakes and oil changes.
319 is good for entry level ev and unlike your gas equinox you can refuel this one while it’s parked at your house. A minor detail you may want to note. With gas or electric I’m not aware of anyone who routinely runs their vehicle until it has no fuel left. If you hate EVs, don’t buy it. Someone else will.
I think you’re confusing the terms “mileage” and “range,” but in any case it seems like the range of this EV is more than adequate for your use if you just get a home charger. But beyond that, you’ll probably save a ton of money paying for electricity rather than gasoline.
God news as far as I am concerned. Hopefully the software issues that plagued the Blazer EV will be ironed out for the Equinox EV. Some Bolt buyers may step up to the Nox and also first time EV buyers, which can potentially increase EV sales significantly for gm.
How much money will gm lose on each EV sold?
They said they will be profitable on them later this year. One of the reason for some of the delays in launching the EV trucks has been to allow for some things to fall into place that would lower battery costs and improve profitability. Let’s not forget that historically many affordable vehicles are either not profitable or barely profitable. Most of the profits come from pricey trucks and SUVS so we should not act like every vehicle produced is making tons of money- only because these are EVs are you focusing on this. I doubt GM makes much, if anything, on models like the Trax.
GM said the Ultium based EVs will have positive margins from day 1. Which is why they are starting out with higher priced trims.
But overall net profits (revenues outpacing investments in capital infrastructure needed to produce the cars, etc) should be later this year.
people need to accept that GM and Ford are not the same company and may be doing things differently. Folks are using Ford as an example and assuming that other OEMs are losing as much as Ford when we have no evidence to support that. Ford got their high profile EV products out before GM (aside from Bolt), but that doesn’t mean they had the best plan for EV profitability. In addition, Ford is still only producing two EVs after 4 years- by the end of this year GM will be producing 7 EVs which should help with economies of scale and profitability. The Mach E is a good product, but Ford banked on the notion that building a Model Y clone was the way to go- GM went a different route which was to design EV SUVs that don’t look too different from conventional SUVs- we shall see which bet was correct soon enough. I think the issue with the Mach E is that its so similar to the Model Y that many people figure just get the original- especially with the price reductions.
We’re only just beginning to see the benefits of GM’s focus on architecture over vehicles.
It’s not just the seven vehicles in the domestic consume market; there’s also the Bright Drop Zevo 400 and 600 and the Buick Electra E4 and E5 in China (precise numbers are hard to come by, but they did report over 20k sales in the first two quarters of availability).
GM also had a smaller battery for the 1LT. When they announced the return of the Bolt they also dropped the smaller battery from the Equinox EV 1LT. They also added some standard features to the 1LT.