Skip to main content

The Chevy Equinox EV could be available for less than $30k in 2024 — but there is a catch

The Chevy Equinox EV will be more affordable than ever

Front end of 2024 Chevrolet Equinox EV 1LT on a street with trees in the back.
Earlier this year, GM announced it was killing its most affordable and popular EV —
the Chevy Bolt. With the Chevy Bolt discontinued, GM will need another affordable EV to fill that space. Its best candidate is the Chevy Equinox EV, and the automaker promised it would sell for less than $30k.

Well, the Chevy Equinox will finally hit the dealerships by early 2024, and you could still have it for less than $30k — but there is a catch. According to GM, the Chevy Equinox base model will start at $34,995 inclusive of the destination fee. That’s not the less than $30k we were promised, but if you qualify for the electric vehicle tax credit, you could reduce the price by $7,500 to $27,495.

GM also says that the Equinox EV 1LT base model with front-wheel drive is expected to have an electric range of up to 300 miles. This would be a vast improvement, considering it was initially estimated to have a range of up to 250 miles. However, the 210 hp powertrain on the Equinox EV 1LT base model with front-wheel drive will likely remain unchanged.

2024 Chevrolet Equinox EV 3LT.
Chevrolet / Chevrolet

When can you expect the $34,995 Chevy Equinox SUV to hit the market? GM hasn’t confirmed when exactly it will be available for purchase, but it will likely be in late 2024. Before then, GM will produce the 2024 Chevy Equinox 2RS FWD trim, which starts at $48,995, and the 2RS AWD with a price tag of $52,395. The 2RS FWD model is EPA-certified with a range of 319 miles, while the more powerful 290 hp all-wheel drive 2RS model is expected to have a range of up to 280 miles.

In addition to that, the 2RS models will include 21-inch wheels, a 17.7-inch interior touchscreen display with the latest technology, and a fast charging speed of up to 150 kW. The Equinox 2RS FWD and 2RS AWD models are scheduled to be delivered to customers by early 2024, and they will also be eligible for the full federal EV tax credit.

But if you prefer a premium Chevy Equinox SUV, GM will offer the 3LT and 3RS trims, but the prices have yet to be confirmed. For now, all we know is the $34,995 Chevy Equinox SUV will only be available after the 2RS FWD and 2RS AWD models hit the market. If GM delivers on that promise, the Chevy Equinox will be one of the most affordable electric vehicles you could own.

Editors' Recommendations

James Dolan
James Dolan is an automotive writer with extensive work experience having been published on The Drive, Hot Cars, Green…
Mercedes-Benz Wallbox smart home charger now available nationwide for fast EV charging
Save time and hassle by charging your EV at home
Mercedes-Benz Wallbox home EV charger in a garage behind a car with its taillights on.

If you drive a Mercedes-Benz EV or Plug-in Hybrid, the Mercedes-Benz Wallbox is now available throughout the United States. It offers a convenient home charging solution. The Wallbox significantly benefits drivers who recharge their electric or plug-in hybrid vehicles overnight. This is particularly useful given that the charging speed can vary based on the vehicle's battery size and current charge level. Also, the Wallbox's design complements the aesthetic of Mercedes-Benz electric vehicles.
Why the Mercedes-Benz Wallbox is important

Like most other automakers, Mercedes-Benz is making huge investments in battery electric vehicles (BEVs). Convenient charging is a key element in supporting consumer transition to BEVs, and charging at home is the most convenient way to make that happen. Mercedes-Benz has joined other automakers in adopting the North American Charging Standard (NACS) so customers can connect to Tesla's Supercharger network away from home, but fast charging at home with a Level 2  240V charging box will charge an EV's better up to eight times faster than plugging a Level 1 charger into a standard home outlet.
Using the Wallbox app

Read more
Aston Martin delays launch of its first EV, says drivers don’t want electric cars
Aston Martin postpones its EV debut due to lack of interest
Front end close up of 2023 Aston Martin DBS 770 Ultimate in front of a dark green studio wall.

You may have thought it was just a conversation you were only having with your friends or coworkers; the idea that although electric cars seem to be all the rage, and every headline is "Tesla, Tesla, Tesla!" there seems to be some more significant facets of the EV world that don't quite make sense yet.

When Toyota CEO Akio Toyoda boldly claimed that EVs would never dominate the auto market, the initial blowback was fierce, with some claiming he was just too conservative and unwilling to embrace the future. But now, we hear that the legendary carmaker Aston Martin has decided to delay the launch of its first-ever electric car due to the lack of consumer demand.

Read more
Ford plays it all ways, focusing on EVs, hybrids, and gas engines
Ford covers every position in the race to profitable EVs
2024 Ford F-150 R airborne as it comes up a desert sand hill.

In a quarterly earnings call with investors on February 6, 2024, Ford Motor Company CEO Jim Farley outlined Ford's plans for EVs, hybrids, and vehicles with internal combustion engines (ICEs). The TLDR version: Ford's going to keep pushing all three.

What Ford and other automakers may have seen as a straight transition path to widespread vehicle electrification has more curves, turns, and roundabouts than initially anticipated. Multiple factors are in play with EV adoption, from harder-to-get EV tax credits and unexpected cold weather and climate change effects on EVs to changes in EV development and investment strategies by global vehicle brands.

Read more