Chevrolet’s new Equinox EV priced as an affordable electric vehicle

General Motors (GM) aims to be the world’s biggest seller of electric cars, and the new 2024 Chevrolet Equinox EV is intended to play a significant role in that effort.

Built on GM’s Ultium platform, the midsized Equinox electric SUV will get up to 300 miles of range and start at around $30,000—an affordable price point intended to drive a wider EV adoption.

Therefore, when the Equinox EV hits dealerships in the fall of 2023, its prices will begin at nearly $13,000 cheaper than Ford’s Mustang Mach-E, $35,000 less than the Tesla Model Y, and almost $1,000 under the Hyundai Ioniq 5.

The Equinox EV will join Chevrolet’s fast-growing lineup of EVs, which includes the Bolt EV, Silverado EV, Bolt EUV, and Blazer EV.

A lot has happened since Mary Barra, GM’s CEO, announced at CES Las Vegas in January 2022 that the Chevrolet Equinox EV would start at $30,000. But Chevrolet insists the $30,000 price tag is more than just aspirational.

GM hopes a more affordable EV with a nameplate recognizable as the Equinox could help spark a faster switch to electric vehicles.

The base 2024 Chevy Equinox EV model 1LT starts at around $30,000 and will come standard with front-wheel drive with an estimated EPA-rated range of 250 to 300 miles. There will be two more LT trims, 2LT and 3LT, and two higher-spec RS variants, 2RS and 3RS, with a darker interior and more tech inside. Each version will also have the option to upgrade to AWD.