“I see a lot of Chevrolet Equinox EV on the roads. After talking about it around me, many people tell me that it is cheaper than the others, which explains its popularity. Is the Chevrolet Equinox EV really cheaper than its competitors? » – Sophie
Answer
Hello Sophie,
The popularity of the Chevrolet Equinox EV is certainly not to be disputed. They are literally on every street corner. I’ve been saying for a long time that if a manufacturer comes up with an electric compact SUV, offered at a decent price, and in large quantities, it will be a great success. It is clear that this is what is currently happening with the Chevrolet Equinox EV.
Your question about price is relevant. Even if we have the impression that the Chevrolet Equinox EV is sold at an affordable price for what we get, it is better to study the question in depth to better decide. The best way to do this is by comparing its price with that of other comparable models, in entry-level two-wheel drive versions, offered on the market.
The comparison
For 2024, the entry-level 2LT comes in at a starting price of $51,525. This includes front-wheel drive, an announced range of 513 kilometers, 19-inch wheels, heated mirrors, two 11- and 17.7-inch interior screens, 360-degree camera, adjustable driver’s seat. electric adjustment and electric tailgate. It goes without saying that the equipment is generous for the asking price.
Ford Mustang Mach-E
The base price for the rear-wheel drive, small-battery Select version of the Ford Mustang Mach-E is $57,690, higher than that of the Chevrolet Equinox EV. In addition, at this price, you only have access to the lowest capacity battery, giving the Mach-E an approved range of 402 km. So it’s more expensive and offers less range than the Chevrolet Equinox EV, even though the equipment is comparable.
Hyundai IONIQ 5 and Kia EV6
It’s also not on the side of the Hyundai IONIQ 5, whose price starts at $57,666 for the 2024 long-range and rear-wheel drive version. Same thing for the Kia EV6, whose entry-level price is nearly $60,000 for 2024. In both cases, it’s higher than Chevrolet, even if the autonomy is similar. It remains possible, however, that these models will suffer price reductions for 2025, in particular with the arrival of less equipped variants or equipped with a smaller battery.
Hyundai Kona electric and Kia Niro EV
Both the Hyundai Kona electric model and the Kia Niro EV in base version are sold at an entry price lower than that of the Chevrolet Equinox EV 2LT. For equipment comparison purposes, let’s go with the second equipment level for both models: Kia Niro EV Wind+ and Hyundai Kona electric Ultimate. So, the price is $51,000 to $53,000, closer to the Chevrolet. We are therefore very close to the American manufacturer’s offer, except for two aspects: the autonomy varying between 407 and 420 km (depending on the model) and the slightly lower interior space on the South Korean side.
Nissan Ariya
The Engage TA model of the Nissan Ariya starts at $52,835. At this price, there’s no power tailgate, no 360-degree cameras, but you do get the power front seats and heated rear seats. The 63 kWh battery nevertheless gives a fairly low range of 348 kilometers, well below that of the Equinox EV.
Subaru Single and Toyota bZ4X
As for the Toyota bZ4X, the entry-level price is $52,941 for the front-wheel drive LE model, very close to the Chevrolet Equinox 2LT. You get decent-sized screens, heated seats and steering wheel, a power tailgate, but no 360-degree camera or power seats. In addition, the announced range barely exceeds 400 kilometers. As for the Subaru Solterra, it is only offered with all-wheel drive, which pushes its base price to more than $59,000.
Tesla Model Y
For several weeks, the Tesla Model Y has no longer been offered with a standard capacity battery. This means that the range of the cheapest version is competitive with the Equinox EV, offering 525 kilometers. Alas, this comes with an entry price that is higher than the Equinox EV by around $11,000.
VinFast VF 8
The cheapest model of the VinFast VF 8 is priced at $55,900, which is already higher than the Equinox EV. In addition, the proposed range is only 425 kilometers. Still, the model’s generous equipment is able to hold up in comparison to the Chevrolet, while the 346 horsepower output is significantly more impressive than the entry-level Equinox EV’s 213 horsepower. In addition, the VinFast VF 8 is all-wheel drive, for this price.
Volkswagen ID. 4
On the Volkswagen side, with the ID.4, we have several versions available which lower the entry price. The base model, priced at $51,210, automatically comes with rear-wheel drive, 19-inch wheels, a heated windshield, an inductive smartphone charger and heated mirrors, but it lacks the power-adjustable front seats. and the power tailgate compared to the Equinox EV. In addition, the announced range is only 332 km with the small capacity battery.
The conclusion
It is clear that the Chevrolet Equinox EV offers a unique combination of equipment, space, autonomy, capabilities and style for a price that defies any equivalent competition. No other vehicle reviewed offers what the Equinox offers at the asking price. So, to answer your question, the Chevrolet Equinox EV is actually cheaper than the others, all things considered.
It now remains to be seen what promotions are in effect or the financing arrangements. These two aspects can still influence the final amount of the transaction, narrowing or even widening the gap between the Equinox EV and the other models. In addition, we are still collecting data to validate the reliability of the newly arrived model before recommending it to you. The great popularity of the vehicle, however, will give us a lot of data quickly to get an idea.
