2024 Chevrolet Equinox EV Starts at $34,995, Qualifies for Federal Tax Credit

Though it’s yet to fully enter production, the upcoming Chevrolet Equinox EV is one of the most hotly anticipated full battery-electric vehicles on the horizon and could very well be the segment maker that Chevy parent GM desperately needs (and Tesla fears). A series of delays previously pushed the electric crossover’s production debut date back, but a new pricing breakdown outlines just how much you can expect to pay when it hums onto show floors.

Related: Up Close With the 2025 Chevrolet Equinox: Rugged and Ready

Well, at least for the front-wheel-drive models; the dual-motor all-wheel-drive variant’s pricing will come later, and you can bank on it being modestly pricier than the basest-of-base FWD Equinox EV in 1LT trim, carrying a $34,995 price tag when dealer orders “begin soon for most models.” FWD pricing climbs from there (all prices include a $1,395 destination fee):

• 1LT: $34,995 (late availability)
• 2LT: $43,295
• 2RS: $44,795
• 3LT: $45,295
• 3RS: $46,795

A few things to note: First, Chevrolet confirmed all Equinox EVs qualify for up to $7,500 in EV tax credits, potentially knocking the $34,995 1LT down to a $27,495 floor for qualified buyers. This makes it the most affordable option in the electric crossover class, beating out the Tesla Model Y, Hyundai Ioniq 5, Nissan Ariya and Volkswagen ID.4. Up to 319 miles of range for the FWD model means you’re not left wanting in that regard, either — though Chevy remains coy on which trims are capable of that rating.

Pay attention to that nearly $10,000 gulf between the base 1LT and the next cheapest 2LT. We’re not privy to options and real-world availability yet, but it’s not hard to imagine the base trim will exist in the same philosophical sphere as the base Ford Maverick as a bare-bones model primarily used for grabbing headlines and filling fleets. Based on past trends, we expect the 2LT and 2RS to enjoy the heaviest volume, but we’ll reserve our hard takes for when we get behind the wheel.

Ahead of a further pricing update, Chevy confirms AWD trims of the Equinox EV will offer an EPA-estimated range of “up to” 285 miles. There’s no information yet on when we can expect the 288-horsepower dual-motor variant, but it shouldn’t be too far behind the 213-hp single-motor model.

More From Cars.com:

• Here Are the 11 Cheapest Electric Vehicles You Can Buy
• Your Guide to EV Batteries: Premature Death, Range Loss and Preservation
• Leased and Used Electric Vehicles Now Qualify for Federal Tax Credits
• Here Are the New Electric Vehicles Planned by 2026

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