Chevrolet officially announced on Monday that the 2025 Chevrolet Equinox EV will have a starting price of $34,995, inclusive of destination charges, and before any applicable tax incentives. They also confirmed that deliveries are set to commence in 2024 with order placements opening in early November.
Previously, Chevy had mentioned the initial price of the Equinox EV to be “around $30,000,” with GM President Mark Reuss stating a year ago that it would start in the “low $30,000s.” As production nears, the starting price for the most basic front-wheel-drive model has been adjusted to $35,000, notwithstanding that the Equinox EV is expected to qualify for the full $7,500 tax credit under the Inflation Reduction Act, as per the automaker.
A spokesperson also mentioned that the initial Equinox EVs entering production in 2024 will be well-equipped, all-wheel-drive models priced between $48,995 and $52,395. Following the production and delivery of these units, the manufacturing of the more basic 1LT models, closer to the starting price, will commence later in the year to be available by the end of 2024. These models may potentially be designated as 2025 model year vehicles, although it’s too early to confirm.
The Equinox EV boasts an estimated driving range of up to 319 miles, a figure provided by GM and not yet validated by the EPA. This stylish crossover will be based on GM’s Ultium platform.
Regarding the decreasing demand for EVs amidst the current economic and manufacturing conditions, a GM representative stated that they are “closely monitoring the situation” and are confident in meeting the key requirements of EV buyers, which are “design, range, and value.”
Update Monday, October 30, 2023, 6:00 p.m. ET: Clarified that the most affordable 1LT-trim Equinox EVs will be in production before the end of 2024, as confirmed by GM.
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