The average electric vehicle available today has a base price of around $47,500, according to Edmunds.com. The $30,000 price tag for the Equinox EV would, of course, be for the bare-bones version with no optional features. This price does not include tax credits, but GM is not currently eligible for any electric vehicle tax credits, anyway, and it is uncertain whether any GM vehicles would qualify under the neither are new rules.
Of the 2022 model year mainstream electric vehicles, only the Nissan Leaf, with its base price of $28,500, costs less and it also currently qualifies for a $7,500 federal tax credit. There are also a few other models in the $30,000 to $30,000 price range. Among them are Chevrolet’s own Bolt EV and the Bolt EUV SUV.
The Equinox EV will be available with two-tone paint jobs, which has been an industry trend for several years. Customers who get the sportier RT models can get a black roof with a different body color while those who get the standard LT models can choose a contrasting white roof.
The cheapest version will be the so-called Blazer 1LT with a single 210 horsepower engine powering the front wheels only. It will have a full range on a full charge of around 250 miles. The Equinox EV 1LT SUVs will also be available with longer range – up to 300 miles – and with all-wheel drive and a range of up to around 280 miles, but those versions will likely cost more. All-wheel-drive versions will be able to pull up to 290 horsepower from two electric motors.