Introduced for the 2024 model year, the Equinox EV is the Bow Tie brand’s all-electric compact crossover, slotted below the midsize Blazer EV. With the production of the 2025 Equinox EV set to kick off in August, it now appears as though there will be no 2024 Chevy Equinox EV 1LT.
It’s worth noting that the “base” Equinox EV, boasting a GM-claimed $34,995 starting price, will be introduced as a 2025 model. GM originally estimated a $30,000 base price for the Equinox EV, but it appears that this electric crossover’s starting MSRP won’t drop below $40k for its debut model year.
As a reminder, the current 2024 Equinox EV is available in either FWD or eAWD drivetrain flavors. GM Ultium battery and GM Ultium Drive motor technologies deliver output, where FWD examples produce a GM-estimated 213 horsepower and 236 pound-feet of torque, and eAWD versions develop 288 horsepower and 333 pound-feet of torque. As far as range figures are concerned, it may come as little surprise that FWD units 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.
In fact, General Motors expects FWD Equinox EV units to be the most affordable electric vehicle with such an EPA-estimated range.
Under the body panels, the Chevy Equinox EV rides on the GM BEV3 platform, which it shares with the Blazer EV and other GM electric vehicles. Meanwhile, production takes place at the GM Ramos Arizpe plant in Mexico.
For those who find themselves pining for a closer look at the Bow Tie all-electric crossover, GM Authority Executive Editor Alex Luft recently gave a thorough review of the exterior and interior of the Equinox EV, so be sure to check it out!
Remember to subscribe to GM Authority for Chevy Equinox EV news, Chevy news, GM EV news, GM business news, and more obsessive-compulsive GM news coverage.
Comments
Of course. Gotta pay for the EV Pivot somehow.
Yyyyyep! Still waiting on that grand promise of EVs hitting price parity with ICEs. Any day now. I mean the media keeps promising it will happen so it has to be true. Right?…
The 2024 Equinox EV 2LT is already cheaper than the average new car cost, and this is before the Federal tax credit. However, everyone who makes the “price parity” goal ignores the actual average new car cost and talks only about the average entry level car cost, which is somewhere around $25,000 (US). These same people focus only on the high end EVs and ignore the lower cost EVs – while it was still being produced, Chevy Bolt was the third or fourth least expensive GM vehicle, regardless of GM brand, available. The newer Nissan Leafs are less than $30K so even without the Bolt sub-$30K EVs are available – again before any Federal tax credits.
Blazer EV and Equinox EV are already cheaper than their ICE counterparts. People always forget that your “real” car payment is loan + fuel which under current prices EV + electricity is cheaper than ICE + gas.
The problem is that banks don’t include operational and maintenance costs when determining whether or not to loan money for a car.
Put plenty of money down or buy it outright with cash and it won’t matter. Don’t have enough cash?, then they shouldn’t be purchasing a new car.
Right because more money for extra down payment can magically be pulled out of your @$$. This is what annoys me with EV fanboys. They have this “not my problem” mentality and disregard challenges many Americans face between being able to charge these stupid glorified power wheels or simply not being able to afford one. Well guess what. When the rest of the market doesn’t buy them and the auto industry and greater economy stays stagnant because the fanboys and politicians ignore the challenges then its going to be EVERYONES problem.
Tim’s comment isn’t specific to EVs. It is, however, 100% accurate for all new vehicles, regardless of drive train.
At the moment, more money for extra down payment can magically be pulled out of the federal government.
The tax credit actually makes EVs potentially a uniquely attractive option for cash poor buyers, and I wouldn’t be surprised if more dealers take advantage of that as inventory improves. The base Equinox EV will actually come in cheaper than the ICEV version, and dealers should be able to offer better terms on financing if there is a built-in $7500 down payment for the electric model.
This is especially true of this tax credit. It’s really a point of sale credit, unlike the previous tax credit that assumed you had at least $7,500 in total taxes due for the year. This credit is available to almost everyone in the country.
Absolutely agree to the extent that if you can only afford a new vehicle via leasing you’re spending too much. The only exception is for someone, such as a real estate agent, who can write the lease off as a business expense.
There are EVs cheaper than gas cars. The Chevy Bolt
EV is cheaper than a Toyota. Looks better, too, and is a U.S. made car.
Unfortunately the only currently manufactured EV that’s below $30K is the Nissan Leaf. There are still Bolts available, but it’ll be another year and a half before any new Bolts are made.
It’s ok to have an ICE car that costs more than a 3 bedroom, 2 bath house…..you just can’t have an EV cost more than a mid-level ICE car. 😉
I always find this to be the ironic part of the EVs are too expensive argument.
Price parity is tricky, you can’t expect them to be the same price, option for option, package for package. So if the EV is $5 more than the ICE version but it has 2 features you can’t get on the ICE version, does that mean it isn’t equal or is equal? Picking nits? Yes. I would expect the newer tech to cost more, it usually does. To expect manufacturers to price EV’s and ICE cars exactly the same is stupid and unrealistic. To price them comparably? Much more likely to happen.
Also factored in is the limited availability of some EV components. GM can make pretty much as many ICE vehicles as choose to make, subject only to factory shifts, but there are supply limitations on how many EVs they can make (with hybrids being somewhere in-between). So if they can only make so many EVs, they are going to want to have as many profitable options built into the car as they can get away with.
Just as I predicted. The new ICE version is looking better and better
That is one of the better looking EVs out there.
Very disappointing that there is no wireless charging, no garage opener transmitter, no rear camera mirror, and no Apple Play. I will wait for the new Bolt EUV and hope for the convenient features will be included in one of the trim models, at least as options.
The 2025 has all those things (minus CarPlay, that’s a whole ’nuther discussion), and the 3-level (3LT, 3RS) 2024’s have the opener.
Something to be said about looking up facts vs. pushing “I don’t like them” toddler-think misinformation. Well done and thank you.
Waiting for new bolt euv.