Cars and Trucks With the Smallest Price Hikes in 2023. Shame On You Honda!

Cars and Trucks With the Smallest Price Hikes in 2023. Shame On You Honda!

We recently shared the 2023 models with the biggest price hikes. Now, we’re back with the cars and trucks with the smallest price hikes for the 2023 model year. I must say, there are some surprises here. We’ll start off by taking a look at the price trends for the 25 best-selling models in 2022. Unfortunately, Honda grabs the attention with some of the most anti-consumer price changes in recent memory.

Let’s dive in.

The 25 Best-Selling Cars in 2022 + Pricing For 2023

2023 car price trends for the best-selling cars in America

The table below shows 2023 pricing for base models and mid-spec trim options in an effort to provide more useful price comparisons. We’ve included how much the 2023 pricing has changed as a percentage.

Notice that two of the top-selling models actually have price decreases for 2023. And after years of demand outpacing supply, Tesla prices are holding steady. Still, the vast majority have MSRP increases between 3% and 10%. 

2023 Ford F-150 Price Increase

America’s best-selling vehicle is now a lot more expensive. The 2023 F-150 Lariat, the popular mid-spec truck, is now $8,440 more expensive. The F-150 Limited sees a similarly huge price bump, and now tops out at $85,950. Apparently the F-150 now has Super Duty pricing. The F-150 Lightning went from a $40,000 electric truck, to a $60,000+ EV.

Tesla Prices Remain Unchanged in 2023 (UPDATE)

Update January 16th, 2023: Tesla has slashed their prices by up to 20% for some models.

Tesla prices rose 25% from 2021 through early 2022. Now, prices haven’t changed since June 2022. In China, Tesla prices have actually fallen, leading to in-store protests from frustrated customers who bought a few days too soon. The Rear-Wheel Drive Model 3 does now qualify for up to $7,500 in federal tax credits. More on that here.

The Full Story: What’s in Store for Used Tesla Prices in 2023

Honda, What Are You Doing?!

It’s a frustrating trend, one that we hope Honda fans will speak out against. Honda clearly wants you to spend more in 2023. As with the CR-V, they’ve dropped the base Civic LX, effectively raising the entry-level Civic to $26,145 in 2023. It’s happening to the 2023 CR-V too. Honda eliminated the base LX trim, forcing a nearly $5,000 price increase for the entry-level CR-V.

At least Honda is offering several more options for those wanting a hybrid powertrain in 2023. The Sport, EX-L, Sport-L and Touring trims all come as hybrids. The 2023 Touring Hybrid starts at $38,985, which is $600 LESS than the 2022 Accord Touring.

Our Expectations For Car Price Trends in 2023: Car Prices Fall as Dealers Suffer

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The Cars, SUVs and Trucks With the Smallest Price Increases

lowest car prices in 2023

The Ford Escape Gets New Looks and Lower Pricing

The 2023 Ford Escape gets a complete makeover, and with it comes a new trim lineup. That makes price comparisons tricky, but like for like, the 2023 Escape’s pricing remains about the same. In fact, the 2023 Escape ST-Line is $1,000 cheaper than the outgoing 2022 Escape SEL, its closest analog. Higher trims of the 2023 Ford Explorer also see steady prices.

We can’t say the same about other Ford models. The F-150 is seeing prices go up by 7% to 17% in 2023, and the all-electric F-150 Lightning now costs about $20,000 more than it was originally priced.

Toyota Offers the Closest Thing to a Deal

Toyota Corolla prices have actually gone down in 2023 for the Hybrid LE as Toyota makes way for the new hatchback Corolla. The 2023 Corolla Hatchback SE starts at $24,060 with destination fees.The Camry and Highlander also saw very minor price increases, with prices going up by about 1% across trim levels.

The Nissan Altima Continues to Slip

Altima prices nudged up slightly, but that’s no surprise. Nissan’s Altima sales have been on the decline for years now. In 2019, Nissan sold 209,000 Altimas in the U.S. In 2022, Nissan sold 140,000 Altimas in the American market.

Where to Find the Deals in 2023

New car prices are trending ever higher, even as supply finally catches up to demand. So, where are the best car deals in 2023? Head on over to the used car market for lower prices. Used car prices have been falling for several months, and we expect this trend to continue. Here are some YAA resources to get you started on your journey:

The Latest Used Car Price Update (Weekly Updates)

Used Car Deals in 2023 – Prices Are Still Dropping

Our Updated Price Predictions For 2023

Looking for more? Search hundreds of 100% FREE guides here, and join us at the free YAA Community forum to connect with thousands of car buyers sharing the best deals and negotiation tips. We look forward to seeing you there!

The Best Year-End Car Deals in December

The Best Year-End Car Deals in December

One year ago, the auto market was in the depths of the new car shortage. Semiconductor chips were in short supply, and dealer markups were at their worst. In December 2022, the best year-end car deals are the best we’ve seen since 2020, when the average price paid for a new car was $38,000. Today, that figure is north of $48,000. Still, end-of-year deals present an opportunity for car buyers to get a deal at a time when rising interest rates are putting affordability out of reach for many. 

Check out these other CarEdge resources, updated monthly:

The Best Auto Loan Rates This Month

The Best Lease Offers This Month

CarEdge Member Favorite: Car Buying Cheat Sheet

The Best Car Finance Deals in December

hyundai year-end lease offers

Ford Financing Deals

In December, Ford is advertising 3.9% APR for 60 months for select models:

  • Bronco Sport
  • Edge
  • Escape
  • Explorer
  • Expedition
  • F-150
  • Ranger

See new and used Ford listings near you.

Honda Financing Deals

1.9% APR for 24 – 48 months

  • Honda Pilot

2.9% APR for 24 – 48 months

  • Accord
  • CR-V
  • Passport
  • Ridgeline

See Honda listings near you.

Hyundai Financing Deals

In December, Hyundai has a great financing deal at 0% APR for 36 months for the following models:

  • Tucson
  • Santa Fe
  • Elantra
  • Kona
  • Sonata
  • Santa Cruz
  • Venue

See Hyundai listings near you.

The Best Lease Deals This Month

Chevrolet year-end car deals

Chevrolet Lease Deals

Chevrolet Equinox: $239 per month for 24 months with $2,289 due at signing

Chevrolet Blazer: $249 per month for 24 months with $2,709 due at signing

Chevrolet Colorado: $319 per month for 36 months with $4,149 due at signing

Chevrolet Silverado 1500 Crew Cab 4WD LT: $399 for 36 months with $3,949 due at signing

See current lease offer details from Chevrolet.

Hyundai Lease Deals (36 Months)

Hyundai Venue: $151/month with $3,281 due at signing

Hyundai Elantra: $229/month with $3,279 due at signing

Hyundai Kona: $209/month with $3,934 due at signing

Hyundai Santa Fe: $269 per month with $4,919 due at signing

Hyundai Kona Electric: $264 per month with $3,984 due at signing

Hyundai Palisade: $339 per month with $5,539 due at signing

See current lease offer details from Hyundai.

Nissan Lease Deals

Nissan lease end of year deals

Nissan Frontier: $299 per month for 18 months with $1,709 due

Nissan Rogue (AWD): $359 per month for 36 months with $2,789 due

Nissan Murano (FWD): $329/month for 24 months with $3,549 due

Nissan Pathfinder (4WD): $469/month for 24 months with $3,959 due

See Nissan end-of-year car deals at nissanusa.com

Subaru Year-End Lease Deals

Subaru Legacy (Premium): $269 per month for 36 months with $3,219 due at signing

Subaru Ascent: $329 per month for 36 months with $3,829 due at signing

Subaru Outback Premium: $345 per month for 36 months with $3,515 due

See Subaru end-of-year lease deals at subaru.com

The Best End-of-Year Cash Incentives

dodge truck year end deals

Dodge

Dodge is offering the best cash incentives in December as they try to clear out 2022 model-year vehicles.

$4,000 cash allowance for Ram 1500

$4,500 cash allowance for the Durango

$1,500 cash allowance for the Charger and Challenger

No payments for 90 days with Dodge financing.

See Dodge offers at Dodge.com

Lexus

$2,000 lease cash for select RX styles.

See Lexus cash offer details at lexus.com

A New Way to Buy a Car

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The Best New Car Deals Today

The Best New Car Deals Today

Interest rates are rising, and inflation is at record highs, but deals can still be had when buying a new car. Every month, the team at CarEdge pores over the latest offers from every automaker. The result is a one-stop resource to share the very best new car deals with you. 

Not finding what you’re looking for? We’ve included links to each automaker’s website. Check back frequently, as this living page will be updated regularly. 

Check out these other CarEdge car buying resources:

The Best Auto Loan Rates Right Now

The Best Lease Deals This Months

These 5 Brands Are Negotiable Right Now

See Factory Order Wait Times

Buick Deals

Finance Buick SUVs (Encore, Envision, Enclave) at 3.99% APR for 72 months.

Buick Encore: $179 per month for 24 months with $5,449 due at signing

Buick Envision: $279 per month for 24 months with $3,739 due at signing

See details at buick.com

Cadillac Deals

Cadillac CT4: $439 per month for 36 months with $3,749 due

Cadillac XT4: $379 per month for 36 months with $3,579 due at signing

See Cadillac listings near you.

Chevrolet Deals

Chevrolet deals 2023
Chevy truck leases are competitive in February.

Best Chevrolet financing offer:

2.99% APR for 60 months for the Silverado 1500, Colorado and Equinox.

Chevrolet lease deals:

Chevrolet Trailblazer: $259 per month for 24 months with $3,109 due at signing

Chevrolet Blazer: $279 per month for 24 months with $2,369 due at signing

Silverado 1500 Crew Cab 4WD LT: $399 for 36 months with $3,579 due at signing

See details on Chevrolet deals.

Chrysler Deals

Chrysler Pacifica Hybrid: $599 per month for 39 months with $5,499 due at signing

See details on Chrysler deals.

Ford Deals

Ford deals 2023
The Explorer is included in this month’s Ford deals.

In February, Ford is advertising 3.9% APR for 60 months for select models

  • Bronco Sport
  • Edge
  • Escape
  • Explorer
  • Expedition
  • F-150
  • Ranger

Learn more about Ford deals at Ford.com.

GMC Deals

Best GMC financing offer:

2.99% APR for the GMC Sierra 1500
3.9% APR for the GMC Terrain

GMC lease offers:

GMC Acadia: $289 per month for 24 months with $2,309 due at signing
GMC Terrain: $279 per month for 24 months with $3,949 due at signing

See details on GMC deals.

Honda Deals

Best Honda financing offers:

Honda Pilot, Passport, Ridgeline: 1.9% APR for 24 – 48 months

Best Honda lease offers:

Honda Civic: $269 per month for 36 months with $3,399 due

Honda CR-V: $349 per month for 36 months with $4,499 due

See details on Honda deals.

Hyundai Deals

hyundai deals 2023

Hyundai lease offers this month are good, but the amount due at signing has increased this month.

Hyundai Venue: $151 per month with $3,281 due
Hyundai Elantra: $219 per month with $3,299 due
Hyundai Kona: $209 per month with $3,999 due
Hyundai Tucson: $279 per month with $3,999 due
Hyundai Santa Fe: $269 per month with $3,999 due

See details on Hyundai lease and finance deals.

Jeep Deals

Jeep leases are attractive in February.

Jeep Wrangler: $409 per month for 42 months with $5,099 due at signing

Jeep Compass: $347 per month for 42 months with $3,799 due at signing

See details on Jeep deals.

Kia Deals

Kia deals 2023
The Kia Sportage is featured in this month’s Kia deals.

Best Kia financing offer:

2.9% APR for 48 months

Kia Forte
Kia Sorento (2022)
Kia Soul

Best Kia lease offers:

Kia Sportage: $279/month for 36 months with $3,499 due

Kia Seltos: $249/month for 36 months with $3,320 due

See details on Kia deals at Kia.com.

Lexus Deals

3.49% APR for 48 months for the RX.

$2,000 lease cash for select RX styles.

ES 250 AWD: $509/month for 39 months with $3,999 due

See details on Lexus deals at lexus.com.

Mazda Deals

Best Mazda financing offer:

2.49% APR for 36 months + NO payments for 90 days

Best Mazda lease offers:

Mazda CX-30: $239 per month for 24 months with $2,999 due at signing.
Mazda CX-5: $299 per month for 33 months with $3,499 due at signing.

See details on Mazda deals at Mazdausa.com.

Nissan Deals

0.0% APR for 36 months

  • Altima
  • Rogue
  • Pathfinder

1.9% APR for 36 months

  • Sentra
  • Rogue Sport
  • Murano
  • Armada
  • Titan

Nissan Altima: $199 per month for 18 months with $2,309 due
Nissan Leaf: $269 per month for 36 months with $5,259 due
Nissan Rogue (AWD): $299 per month for 36 months with $3,459 due Nissan Murano (FWD): $299/month for 24 months with $2,099 due

Learn more about Nissan deals here.

Ram Deals

Ram deals 2023
Ram deals in February 2023

4.9% APR for 72 months and no payments for 90 days for the Ram 1500 and Ram 2500

$4,000 cash allowance for Ram 1500

Lease: Ram 1500: $309/month for 42 months, $5,499 due

Learn more about Ram deals at Ramtrucks.com.

Subaru Deals

Best Subaru financing offers:

2.9% – 3.9% APR for 48 months for these models:

  • 2022 Ascent
  • 2023 BRZ
  • 2023 Crosstrek
  • 2022 Forester
  • 2023 Impreza
  • 2023 Legacy
  • 2023 Outback
  • 2023 Solterra (electric)
  • 2022 WRX

The best Subaru leases:

Subaru Outback: $345 per month for 36 months with $3,515 due

Subaru Ascent: $359 per month for 36 months with $3,259 due

Toyota Deals

Best Toyota financing offers:

2.99% APR for 60 months

  • Toyota Tacoma
  • Toyota Tundra

3.49% APR for 48 months

  • Highlander

Toyota Corolla Cross: $331 per month for 39 months with $2,976 due

Toyota RAV4: $413 per month for 36 months with $3,063 due

Toyota Highlander: $393 per month for 39 months with $4,053 due

Learn more about Toyota deals here.

Today’s Best New Car Deals Won’t Last

With interest rates rising and inflation putting pressure on automakers and their dealer networks, the only thing that could bring better new car deals would be plummeting demand. We’ve seen signs of weakening demand and higher new car inventory, but nothing considered drastic. Expect auto loan interest rates to climb in 2023. The best car deals in February won’t last.

Buying a Car Soon? Check Out These Other Resources

These are the 5 car brands you CAN negotiate right now!

Thinking about factory ordering? These are the latest wait times our community is reporting.

These are the most marked-up new cars in 2022

Looking for something else? Visit our blog, or consult 1:1 with a real CarEdge Auto Expert to get customized help with your car deal. It could save you thousands! 

The Best Electric Vehicles Under $50,000

The Best Electric Vehicles Under $50,000

The best EVs under $50,000 are more capable than ever before. But that doesn’t mean that they’re equally suited for the diverse needs of today’s drivers. Whether you’re hauling a family or looking for your next ridesharing car, these are the best EVs under $50k that are available now.

2023 Volkswagen ID.4

To qualify for federal EV incentives, ensure you purchase a Tennessee-built VIN.

Price: $37,495 – $53,995

Range: 208 – 274 miles

Charging Speed: 130 kilowatts (standard) to 170 kilowatts (Pro); Add 200 miles of range in 28 minutes

VW ID4 interior

Tax Credit: The U.S.-built ID.4 qualifies for at least half of the new EV tax credit. Make sure yours is built at the Chattanooga, Tennessee factory! See full details here.

Did You Know? The 2023 VW ID.4 includes three years of free 30-minute charging sessions at Electrify America. For those who travel often, this incentive could be worth hundreds of dollars.

Build and price your own ID.4 at vw.com

Tesla Model 3

The rear-wheel drive Model 3 is available for order at famously no-haggle pricing. No dealers, no markups!

Model 3 rwd price

Price (rear-wheel drive): $48,490 (including destination charges)

Range: 272 miles

Charging Speed: 170 kilowatt max (adds 200 miles in 30 minutes of charging)

Federal Tax Credit: Beginning in January of 2023, the Model 3 again qualifies for federal EV incentives (if under $55k). See full details here.

Did You Know? Tesla EVs have the best resale value of any vehicles on the market today. Also, Tesla sells direct to consumer, so the price you see is the price you pay.

Build and price the Model 3 at Tesla.com

2023 Chevrolet Bolt EV and EUV

As long as your Bolt has the new battery post-recall, the Bolt is by far the most affordable electric option available. But it’s not for road trips with the family.

2022 Chevrolet Bolt EUV
2022 Chevrolet Bolt EUV

Price: $26,595 – $38,995

Range: 247 to 259 miles

Charging Speed: 55 kilowatt max (adds 200 miles in one hour of charging)

bolt ev

Federal Tax Credit: Beginning in January of 2023, the Bolt again qualifies for federal EV incentives. See full details here.

Did You Know? The Bolt has great range, but charges slowly. We think this is a great budget option for around town, but not for cross-country road trips.

Build and price your own Bolt EV or EUV at chevrolet.com

2023 Hyundai Kona EV

The new IONIQ 5 may have stolen the show, but the Kona EV is thousands of dollars cheaper. It’s one of the best EV values well under $50k.

2023 Kona EV

Price: $33,550 – $41,550

Range: 258 miles

Charging Speed: 100 kilowatt max (180 miles added in 47 minutes)

2023 kona ev interior

Federal Tax Credit: In August of 2022, the new revisions to the EV tax credit took away this incentive from the Kona EV. See full details here. State incentives may apply.

Did You Know? The all-new Hyundai IONIQ 5 has stolen the show with more range, MUCH faster charging, and better looks. Although MSRP starts closer to $45,000, dealer markups make it hard to find one under $50,000. More on that below.

Build and price your own Kona EV at hyundaiusa.com

2023 Kia Niro EV

Don’t like the looks of the Kona EV? The Niro is the same vehicle on the inside. 

2023 kia niro ev price

Price: Estimated $42,000 – $50,000

Range: 253 miles

Charging Speed: 100 kilowatt max at a DC fast charger (adds 177 miles of range in about 45 minutes)

2023 kia niro ev range

Federal Tax Credit: In August of 2022, the new revisions to the EV tax credit took away this incentive from the Niro EV. See full details here. State incentives may apply. 

Did You Know? The 2023 model year introduces a plug-in hybrid version with 33 miles of all-electric range. This is a great option for frequent travelers and those without a place to charge at home.

Build and price your own Niro EV or plug-in hybrid

Polestar 2

Polestar is the fully-electric brand backed by Volvo. This car looks unmistakably Nordic, yet not as minimalist as a Tesla. Pricing is right under $50k, but direct-to-consumer sales means no dealer markups.

polestar 2 pricing

Price (front-wheel drive): $49,800 with destination fees, but there’s no haggling with Polestar’s pricing

Range: 270 miles

Charging speed: 150 kilowatt max charging (adds 160 miles of range in 25 minutes)

polestar 2 interior

Federal Tax Credit: In August of 2022, the new revisions to the EV tax credit took away this incentive from the Polestar 2. See full details here. State incentives may apply.

Did You Know? The Polestar 2 is the closest competitor in terms of size, price and specs to the Model 3 rear-wheel drive.

2023 Kia EV6 (base trim)

If you can go without the bells and whistles, a lower-trim EV6 brings ultra-fast charging and longer range to buyers willing to get close to $50,000.

Kia EV6 price

Price: $41,400 – $56,400; Light and Wind trims are most likely to fall under $50k.

Range: 232 – 310 miles

Charging Speed: 235 kilowatt max at a DC fast charger (adds 200 miles of range in about 18 minutes)

Kia EV6 interior

Federal Tax Credit: In August of 2022, the new revisions to the EV tax credit took away this incentive from the EV6. See full details here. State incentives may apply.

Did You Know? The Kia EV6 is based on the same e-GMP electric platform as the Hyundai IONIQ 5. If the looks of the EV6 are too much for you, maybe the IONIQ 5 is up your alley. The EV6 comes with 1,000 kilowatt-hours of free charging at Electrify America. That’s about 15 charging sessions from 10% to 80%.

Build and price your own EV6 at kia.com

2023 Hyundai IONIQ 5 (base trim)

Despite an attractive base MSRP, it’s very difficult to find any IONIQ 5 under $50,000. However, dealers who sell at MSRP are out there if you know where to look.

2023 ioniq 5 sel

Price: $39,950 – $56,200

Range: 220 – 303 miles

Charging Speed: 235 kilowatt max at a DC fast charger (adds 200 miles of range in about 18 minutes)

2023 ioniq 5 interior

Federal Tax Credit: In August of 2022, the new revisions to the EV tax credit took away this incentive from the IONIQ 5. See full details here. State incentives may apply.

Did You Know? The IONIQ 5 and it’s sibling the Kia EV6 are by far the fastest-charging EVs under $50,000. The IONIQ 5 has two years of free charging at Electrify America.

Build and price your own IONIQ 5 and hyundaiusa.com

Ford Mustang Mach-E

Last but certainly not least, the entry-level Mustang Mach-E starts under $50k. Finding one without a dealer markup is a challenge.

mustang mach e price

Price: Starting at $46,895, excluding destination fees

Range: 247 miles (Standard Range battery)

Charging Speed: 150 kilowatt max speeds (adds 170 miles of range in 38 minutes)

mustang mach e interior

Federal Tax Credit: The Mustang Mach-E is made in Mexico, so it continues to qualify for at least half of the new EV tax credit. Qualification for the full credit depends on the battery supplier.

Did You Know? The Mustang Mach-E is one of the top-selling EVs in America, although it remains far behind Tesla. Consider yourself lucky if you can find this EV under $50,000.

Build and price your Mustang Mach-E at Ford.com

More Options On the Way

The Equinox EV was recently introduced, and GM still claims that it will start “around $30,000.” Even if the most preferred trim options run closer to $40,000, the Equinox EV looks to be a great deal.

Here are the standout specs GM has released:

  • 250 to 300 miles of range
  • 150 kilowatt max charging
  • 70 miles of range added in 10 minutes
  • More spacious than the combustion Equinox

See every detail released so far, from trim options to expected pricing

Don’t forget that both state and federal EV incentives may apply. Here’s our full breakdown of which models are likely to qualify. For the first time, a used EV tax credit is available, but very few models qualify due to the price cap. We’ve got the full details covered here.

Not sure which path is right for you? Head over to the CarEdge community forum to chat with auto experts with years of experience. I’m on the forum daily!

Get the most when you sell your car.

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

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

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

Equinox EV range

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 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. 

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

equinox ev charging time

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

Equinox 1LT price

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

Equinox 2LT price

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

Equinox EV 3LT price

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

Equinox EV cargo space

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

Equinox 3RS price

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 

Toyota bZ4X

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!

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