As Chevrolet revealed last fall, the Equinox EV will eventually arrive with a $34,995 starting price, including the $1,395 destination fee—in a form that achieves an EPA-rated 319 miles.
GM confirmed again Monday that all versions will qualify for the $7,500 EV tax credit—meaning that the effective base price for eligible buyers might be just $27,485.
But that model won’t arrive first. Before it, following GM’s last bits of info on this model, the Equinox EV will launch as a “well-contented” 2RS model, in front-wheel-drive form. While the 2RS was set to be priced at $48,995 as of October, it’s now been cut to $44,795.
In what appears to be newly aligned pricing for the rest of the upper trims of the Equinox EV, top-trim 3LT and 3RS versions cost $45,295 and $46,795, respectively.
As Chevy points out, the 2LT now effectively undercuts the Tesla Model Y, Hyundai Ioniq 5, and Nissan Ariya before considering the tax credit—which, among those, only the Model Y qualifies for. It also undercuts VW ID.4 Standard versions. Each of these offer the smaller battery pack and considerably less range.
Chevy also confirmed for the first time Monday that all-wheel-drive versions of the Equinox EV, arriving later in the year, will achieve 285 miles of EPA range.
Chevy also boasts that all Equinox EV versions include a 17.7-inch infotainment touchscreen.
Production of the Equinox has now started in Mexico. GM announced an Equinox EV production delay of “just a few months” in October.