General Motors has officially revealed more details for the 2024 Chevrolet Equinox EV. According to details announced today the Detroit-based automaker will launch the Equinox EV later than planned and with a higher starting price than originally announced, but it will come with more range than anticipated.
When the Equinox EV was first introduced, Chevy aimed for a base price of $30,000. However, GM now says the base model, known as the 1LT, will start at $34,995. While the price tag is higher than initial expectations, the Chevy Equinox EV will be eligible for a federal tax credit of $7,500, bringing the effective cost down to around $27,495.
This makes it one of the most affordable choices in the EV market, and below the newly released Tesla Model Y Rear-Wheel Drive (RWD), which starts at $40,390 ($32,890 after applying the same tax incentives).
Chevy will initially launch the Equinox EV with two higher trims however, both priced more than the base model. The 2RS “limited edition” model, available in front-wheel-drive (FWD) and all-wheel-drive (AWD) versions, will start at $48,995 and $52,395, respectively.
While GM missed the mark on the price, they did the same on the range, but for the better. The Equinox EV will offer an estimated range of up to 319 miles (514km), according to EPA certification, surpassing the original estimate of 300 miles (482km).
Chevrolet is set to open orders for the Equinox EV in the first week of November. Timing for the first deliveries was not announced, but the automaker did say they will be late by several months, putting a launch sometime in early 2024. GM says there are already approximately 200,000 reservations already in line. Pricing for the Canadian market has not been announced.