The 2024 Chevrolet Equinox electric vehicle (EV) will start at $34,995, Chevrolet announced this week. The compact electric SUV will miss the sub-$30,000 target Chevy has advertised by about $5,000.
Chevrolet surprised observers with a plan to build electric versions of its Equinox and Blazer SUVs early last year. The Equinox EV looks dramatically more athletic than today’s gas-powered Equinox and promised to be the least-expensive model riding on the GM Ultium platform. Ultium — a single unit of chassis, suspension, battery, and electric motor that engineers can scale up or down to design vehicles for different purposes — lies under everything from the Cadillac Lyriq luxury SUV to the upcoming Silverado EV electric truck.
But it won’t appear on a car under $30,000 until Chevy can bring out the next edition of its Bolt hatchback.
Power, Range Figures
Chevrolet says the Equinox EV will be offered with “a standard front-wheel-drive system with GM estimated 210 horsepower and 242 lb-ft of torque offers quick acceleration and a fun driving experience for everyday tasks, with a 290-horsepower and 346 lb-ft torque eAWD [all-wheel drive] system available.”
The company promises an EPA-certified range of 319 miles on the front-wheel drive (FWD) base model. AWD editions will likely have shorter ranges.
A Chevrolet spokesperson tells us the $34,995 figure includes destination fees, which helps take some of the sting out of it. And Chevrolet expects most Equinox EV buyers to qualify for the full $7,500 federal EV tax credit, taking a lot more of the sting out of the unexpected price.
