Here’s How Affordable the Chevy Equinox EV Will Be

• 2024 Chevrolet Equinox pricing was announced ahead of orders starting, with the electric crossover set to replace the Bolt and Bolt EUV duo next year.

• The Equinox EV will start at $34,995 once the entry-level model arrives, following the launch of the pricier trim levels.

• The longest-ranged version should offer 319 miles, by the automaker's own estimate, with EPA numbers set to be announced closer to the start of sales.

The Chevrolet Equinox EV is set to become the most important launch for Chevrolet by sales volumes since the first-generation Bolt debuted back in 2016. The Equinox EV will effectively play the role of the next-gen Bolt in Chevrolet's lineup and offer the more popular crossover body style starting in 2024, as Bolt production ends this December.

This means the Equinox EV will also play the role of the entry-level EV in Chevy's lineup, with a price to match. The automaker revealed the first details of the Equinox EV's pricing ahead of its arrival in 2024, with the two versions of the very first 2RS launch flavor set to start at $48,995.

However, the 2RS trim will soon be joined by the base model, which will open the doors to EV buyers for just $34,995. But what exactly will the 2RS trim offer over the base model?

Two power levels will be on the menu, with the dual-motor 2RS version serving up 290 hp with a starting price of $52,395. The single-motor 2RS FWD flavor, meanwhile, will produce 210 hp and will start at $48,995.

True to the EV genre, the more expensive trim levels will arrive before the more affordable ones, including the 1LT base model. But it is also worth noting that the price jump from a single-motor 2RS model to a dual-motor model will be among the more modest in the EV sphere at the moment.

2024 Chevrolet Equinox EV 1LT

2024 Chevrolet Equinox EV 1LT Interior

2024 Chevrolet Equinox EV 1LT

2024 Chevrolet Equinox EV 3RS

2024 Chevrolet Equinox EV 3RS Interior

2024 Chevrolet Equinox EV 3LT Interior

2024 Chevrolet Equinox EV 3LT

These two launch trims will still offer plenty of standard items, including 21-inch wheels and 17.7-inch infotainment screens, in addition to heated front seats and power tailgates.

However, it will be the single-motor FWD model that should provide the greatest range: 319 miles, by Chevy's latest estimate. This will be a solid upgrade over the longest-ranged Bolt, which managed to squeeze out a 259-mile range rating from the EPA—quite impressive for something that small at the time.

However, the times are changing. The Equinox EV will seek to set its own benchmarks when it arrives in 2024, with order books set to open in the coming weeks. Now that the entry-level Chevy electric crossover is on the way, this could be the time for Chevy to consider a Tesla Model 3 fighter that could land below it in price.

Will there be demand for a compact, electric Chevrolet sedan in the coming years, sized similarly to the Tesla Model 3 and priced south of it, or will Chevy buyers opt for crossovers for the most part? Let us know what you think.