2024 Chevrolet Equinox EV Pricing and Specs: It’s Great, But Don’t Expect a $30,000 Price

by Justin Fischer | Last updated Apr 27, 2023 | Electric Vehicles, New Cars

General Motors finally released details about what could turn out to be the most important electric vehicle of the decade. Yes, Tesla pioneered the mass production of EVs in the 2010s, but GM intends to bring them to the masses with affordable pricing. Now that we know almost everything about the 2024 Equinox EV, how does it compare to the Chevy Bolt EV and EUV, and the many higher-priced electric crossovers on the road? Plus, we’ll also go over why I don’t think the Equinox EV will cost $30,000, despite GM’s comments.

Equinox EV Specs and Trim Options

Only two big questions remain after GM released details and new images of the Equinox EV in September. Although we don’t yet know exact pricing or battery capacity, the latest press releases have revealed a future-ready EV with great range, decent charging, and GM’s reiterated $30,000 price tag. Let’s dig into the details, and why I sincerely think this model alone will be a make-or-break moment for the electrification of America’s legacy automakers.

Range and Powertrains

The Equinox EV will be available in standard and extended range battery options. Front-wheel drive will offer either battery capacity, and all-wheel drive will only be offered with the long-range pack. GM has not divulged the battery capacity figures, but we do know that the Equinox EV will be powered by the Ultium electric platform that GM engineered in partnership with LG Energy Solutions. That’s great news, as the Ultium battery has proven to be a game changer in the GMC Hummer EV and Cadillac Lyriq. 

These are the unofficial range figures that GM shared with us:

• Equinox EV FWD standard range: 250 miles
• Equinox EV FWD extended range: 300 miles 
• Equinox EV AWD (only extended range available): 280 miles

On the performance side, the Equinox won’t compete with the more powerful Blazer EV, or many of the other segment competitors for that matter. It’s becoming clear the GM wants the Equinox to stand out for every day functionality and eye-catching affordability.

• Front-wheel drive produces 210 horsepower and 242 lb-ft of torque
• All-wheel drive produces 290 horsepower and 346 lb-ft of torque
• GM didn’t release 0-60 times (this isn’t a car for the track), but we estimate the FWD option to reach 60 mph in about 7 seconds, and the AWD option to achieve the same in 6 seconds. Regardless, electric instant torque will stand out to EV newbies.

How Big Is the Equinox EV?

GM has not released official passenger and cargo volume numbers, but they did release some key numbers. The Equinox EV is larger than the gas-powered Equinox. It’s 7.4 inches longer overall with a wheelbase that is 9 inches wider. The much wider wheelbase creates more interior space, similar to how other automakers have make crossovers feel a lot more like larger SUVs. In terms of overall width, the EV is 3 inches wider than the gas version.

The Equinox EV is one inch shorter than the gas version, and that’s definitely for aerodynamic reasons.

We’ll update this page as more info becomes available.

2024 Equinox EV Charging Speed

This was the only letdown in my book, but it’s not a deal breaker. General Motors has often touted the next-generation capabilities of its Ultium batteries. More range, faster charging, better efficiency. The Ultium-powered Cadillac Lyriq charges at 190 kilowatts and the GMC Hummer EV peaks at 180 kW, so I was a bit confused to see that the Equinox EV is limited to 150 kilowatt charging speeds at a DC fast charger. It’s totally possible that CEO Mary Barra and the crew are taking a page out of Porsche’s EV gameplan: underpromise and overdeliver. 

Even with 150 kw charging speeds, what matters more is the charging curve. Early testing with the Hummer EV shows that at 65% state of charge, the Hummer was still pulling 170 kilowatts. That’s a great sign. Combined with GM’s claimed ability for the Equinox EV to add 70 miles of range in 10 minutes, and it starts to sound like a pretty sweet deal for those who travel at a leisurely pace. 

To summarize:

• GM says the Equinox EV can charge at up to 150 kilowatts, adding 70 miles of range in 10 minutes
• Considering what the Lyriq and Hummer EVs are capable of, I expect the Equinox to add 200 miles of range in about 30 minutes at a DC fast charger. Not bad!

Equinox Home Charging Really Shines

When charging any electric car at home, you have two options. No additional installation is required to simply ‘trickle-charge’, which means plugging in to a standard three-prong wall outlet. Commonly known as level one charging, this would add just 3-5 miles of range per hour, but drivers like myself find it to be plenty enough since I leave my car plugged in all night, and I don’t drive more than 30 miles on most days. 

If you drive over 40 miles per day at least a few times each week, you’ll either want to install a level 2 home charger, or plan to spend time at public charging stations. A trained electrician will be needed to install a level 2 charger, and equipment plus labor can add up to a few thousand dollars. If you do go the level 2 route, you’ll be rewarded with MUCH faster home charging. 

The Equinox EV will have some of the fastest home charging available from any EV, including luxury options. The Equinox’s standard level 2 charging is rated at 11.5 kilowatts, which is noticeably higher power than most EVs today (limited to 6 to 9 kilowatts at level 2). The higher trims of the Equinox EV will go even further to 19.2 kW home charging. With that, the Equinox RT and RS could add 51 miles of range per hour. 

Don’t forget that EVs typically charge overnight while you sleep. It can be tempting to compare home charging times to a quick gas station fill-up, but life with an EV is altogether a different automotive lifestyle. 

Equinox EV Trim Options Explained

What comes standard: if you’re a fan of massive horizontal touchscreens, we have good news. The Equinox comes standard with an 11 inch infotainment touchscreen, a separate 11 inch digital gauge cluster, manual cloth seats, and 250 miles of estimated range from Chevrolet’s standard battery. 

Standard safety features are generous. Standard Chevy Safety Assist includes:

• Automatic emergency braking
• Front pedestrian braking
• Lane keep assist
• Lane departure warning
• Forward collision alert
• High beam assist
• Following distance indicator

Additional safety and assist features are available in higher trims, as detailed below.

Equinox EV 1LT: A Base Model with Plenty to Brag About

Starting price: GM says “around $30,000 before incentives”; CarEdge expected price: $32,000

The 1LT includes all of the standard features mentioned above, including:

• 11-inch diagonal Driver Information Center and display screen
• 19-inch wheels
• Standard Chevy Safety Assist
• Front-wheel drive with standard battery
• 250 miles of range 
• The Equinox EV 1LT is available in spring 2024

Equinox EV 2LT: The Sweet Spot

Starting price: TBD; CarEdge expected price: $37,000

The Equinox 2LT is likely to be the option for the budget-conscious EV buyer who wants more range, improved looks, and niceties like heated seats. The 2LT adds:

• Extended range battery
• 300 miles of range with FWD
• Available all-wheel drive with 280 miles of range (cost TBD)
• Power seat adjustment
• Heated steering wheel, front seats and mirrors
• Front LED light bar
• Additional advanced safety features

Equinox EV 3LT: More Options, More Money

Starting price: TBD; CarEdge expected price: $48,000 – $55,000

The 3LT has most of the bells and whistles, but pricing will likely undercut its nearest competitors like the Ford Mustang Mach-E and Kia EV6. Available options like all-wheel drive, heads-up display and SuperCruise are expected to drive a fully-loaded Equinox 3LT to a substantially higher price.

In addition to the features included in lower trims, the 3LT includes:

• Reverse automatic braking
• Adaptive cruise control
• 17.7-inch diagonal touch-screen
• 21” aluminum wheels
• Sunroof
• Heated front and rear outboard seats and wiper park
• Ventilated front seats
• Available Spring 2024

Equinox EV 2RS Specs

Starting price: TBD; CarEdge expected price: $52,000

GM has decided to launch the electric Equinox in the fall of 2023 with the 2RS trim. This is the entry-level sporty trim option. It’s all about looks.

• 20″ dark aero wheels
• Black-painted grille panel and lower fascia with sporty flow-through rocker molding
• Flat-bottom steering wheel
• Extended-range battery 
• 300 miles of range
• FWD with available AWD (cost TBD)
• Available Fall 2023

Equinox EV 3RS Specs

Starting price: TBD; CarEdge expected price: $60,000

Available 19.2 kilowatt home charging is the real standout option with the 3RS. Aesthetically, this is as close as the Equinox EV gets to its sportier sibling, the 2022 Chevy Blazer SS EV.

The 3RS also includes:

• 21″ dark aero wheels
• Black-painted grille panel and lower fascia with sporty flow-through rocker molding
• Heated flat-bottom steering wheel
• Available 19.2 KW Level 2 home charging charging module (for adequately equipped homes)
• Available Spring 2024

Why do I think the higher trims will costs over $20,000 more than GM’s “aroud $30,000” starting price? It’s VERY difficult to make money selling EVs at $40,000 right now, not to mention ten grand cheaper. Ford recently admitted they aren’t turning a profit on the Equinox’s rival the Mustang Mach-E. Raw material prices have shot up by over 100% since 2020, and inflation is real.

Chevrolet Equinox EV Tax Credits

In August of 2022, President Biden signed the Inflation Reduction Act of 2022 into law. With the new law arrived a completely revamped EV tax credit and future rebate. We’ve already covered the details of the new EV tax credit and which models will qualify, but here’s a summary of the biggest changes:

• Income is capped at $150,000 for individuals, and $300,000 for joint filers
• The credit is all about battery sourcing and vehicle manufacturing
• Qualifying models must be made in North America
• Up to $7,500 is available, depending on where battery minerals and components are sourced from
• The tax credit becomes available as a rebate option in 2024

The Equinox EV will qualify for at least half ($3,750) of the new EV tax credit. GM plans to build it in Mexico with Ultium batteries made in America. Whether or not the Equinox qualifies for the full $7,500 will depend on where GM sources the lithium and other minerals in their batteries.

Yes, it’s true: With incentives, the 2024 Equinox EV may cost as little as $23,000. That would be a true turning point in EV adoption. 

The Competition 

The 2024 Chevrolet Equinox EV will be up against stiff competition in this burgeoning electric crossover segment. These are some of the most popular competitors:

Ford Mustang Mach-E

Kia EV6

Hyundai IONIQ 5

Tesla Model Y

Volkswagen ID.4

Toyota bZ4X

Subaru Solterra

Honda Prologue

Stay tuned to the latest EV coverage by subscribing to our CarEdge Electric YouTube channel. Join the thousands of EV buyers, owners and enthusiasts in the Electric Vehicle forum at caredge.kinsta.cloud. Bring your questions, the community has answers!