Does the 2024 Chevy Equinox EV Spell Pricing Relief in the EV Market?

Chevy recently announced a price reduction for the Bot EV and EUV. If your response to this change was, “that’s great, but I still don’t want one,” there is a Chevy electric SUV coming that you might want to drive. The 2024 Chevy Equinox EV is on the way and it’s coming in at a starting price of around $30,000. In a market where most electric vehicles are becoming too expensive for the average person, the Chevy Equinox has you covered.

Could the 2024 Chevy Equinox EV hit all the right marks?

A blue 2024 Chevy Equinox EV
2024 Chevy Equinox EV | Chevrolet

RELATED: The Chevy Silverado EV Trail Boss Brings Rugged Electric Truck Dominance to the Trails

What are you looking for in your electric vehicle? If you want to have a compact crossover SUV that delivers 300 miles of driving range, optional AWD, and an affordable price, Chevrolet gives you the Equinox EV. This new model should fit into the market easily and could be one of the most popular electric cars upon arrival.

How much more affordable is the Equinox EV than others in its class?

The compact crossover class of electric vehicles has grown to include several of the most popular new electric cars. The Equinox EV goes up against more expensive models, including:

  • Ford Mustang Mach-E – $44,995
  • Hyundai Ioniq 5 – $41,245
  • Kia EV6 – $42,695
  • Volkswagen ID.4 – $38,790
  • Tesla Model Y – $69,440

Not only is the new Equinox EV more affordable than all of these EVs, but it’s also only slightly more expensive than the Bolt EUV, which starts at $27,200.

Does Chevy know something about building EVs that others don’t?

2024 Chevrolet Equinox electric crossover SUV starts around $30,000.
2024 Chevrolet Equinox EV | Chevrolet

If you asked the team at GM this question, you might get a wry smile because building new EVs is similar to what they’ve been doing for decades. GM has led the way when it comes to parts sharing for generations. What we once looked at as a blemish on this company is now something they can use to their benefit.

The new 2024 Chevy Equinox EV rides on the same BEV3 platform that underpins the 2023 Cadillac Lyriq and 2024 Chevy Blazer EV. Power comes from the Ultium battery pack that we find in the GMC Hummer EV. You should expect to see some parts that are the same in the Chevy EV lineup. The Equinox EV and Blazer EV share a steering wheel, seat frames, and infotainment screen.

Parts sharing allows GM to keep the price down for this new electric SUV.

What’s the driving range of the 2024 Chevy Equinox EV?

We expect to see several different driving ranges for this new EV. The base 1LT trim should offer 210 horsepower, 242 lb-ft of torque, and 250 miles of driving range. Select the larger battery pack, and you’ll have 300 miles of driving range. Pushing power to all four wheels should reduce this range to 280 miles while giving this SUV 290 horsepower and 346 lb-ft of torque.

The Equinox EV can add 70 miles of driving range in less than 10 minutes at a DC fast-charging station. This is better than the Bolt EV and EUV but not as impressive as the Hyundai Ioniq 5 and Kia EV6.

Is the new Equinox EV a more practical choice?

The all-electric 2024 Chevrolet Equinox EV SUV.
Chevrolet Equinox EV | Chevrolet

Regardless of what you compare it to, the 2024 Chevy Equinox EV is the more practical choice. This new electric SUV offers more room and comfort than the Bolt models, giving your growing family the right compact SUV to drive. The price is much better than most EVs in its class, and the driving range is respectable. The Equinox EV spells pricing relief in this market, but it offers quite a bit more to be a good option for many drivers.

Next, check out the new VW ID.Buzz or watch this Chevy Equinox EV video below:

RELATED: 2024 Chevy Blazer EV Police Pursuit Vehicle – Electrified Law Enforcement