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How can automakers entice drivers to choose EVs over gas-powered vehicles? One of the most direct ways to do this is by making the EV more affordable than the ICE counterpart. Instead of doing a lot of tricky math, Chevrolet makes things simple. This makes the 2025 Chevy Equinox EV more affordable than the traditional version.

You must use the tax credit to pay less

The prices for the 2025 Chevy Equinox models tell us an interesting story. The base model of the standard version is the LT FWD, which begins at $29,995. When we look at the Equinox EV, we find the starting price is $34,995. So far, it seems like my math is off, but there’s a caveat.

The new federal EV tax credit rules allow consumers to take the $7,500 credit at the dealership instead of when filing taxes. This means the 2025 Chevy Equinox EV’s starting price drops to $27,495, making it more affordable than the ICE version.

Previously, the only way to show an EV as a more affordable option was to list maintenance fees, potential gas and electric prices, and the tax credit. Thankfully, Chevrolet made things a little easier in the new model year.

2025 Chevy Equinox SUV posed on an off-road trail.
2025 Chevy Equinox | Chevrolet

Will you get more power from the Equinox EV or the traditional model?

The traditional Chevy Equinox base model uses a 1.5-liter turbocharged 4-cylinder engine that produces 175 horsepower and 203 lb-ft of torque. This power is sent to the front wheels through a CVT. Drivers paying more for AWD receive an 8-speed automatic transmission instead of the CVT.

The 2025 Chevy Equinox EV uses a single electric motor attached to the front axle. This produces 210 horsepower and 242 lb-ft of torque, making the electric version more powerful than the gas-powered model. This base model also comes with a 319-mile driving range, which makes the Equinox EV useful.

How do other trims compare?

If we look across the board at every Equinox trim, the pricing structure changes a bit.

 Equinox ICE Equinox EVEquinox EV (After Tax Credit)
LT FWD$29,9951LT FWD$34,995$27,495
LT AWD$31,9952LT$43,295$35,795
RS FWD$34,3952RS$44,795$37,295
RS AWD$36,3953LT$45,295$37,795
Activ FWD$34,3953RS$46,795$39,295
Activ AWD$36,395   

As you can see, once you move above the base models, the 2025 Chevy Equinox EV is more expensive than the traditional ICE model. Still, a lower starting price could make the electric version of the Equinox more appealing to some drivers than the gas-powered SUV.

Source: CarScoops