The 'Affordable' Electric SUV Has Arrived: 2023 Chevy Equinox EV (2022)

Home » Motors » The ‘Affordable’ Electric SUV Has Arrived: 2023 Chevy Equinox EV

The 2023 Equinox EV gives us familiar Chevrolet SUV looks in an all-new all-electric vehicle. It’s also the first truly mass-market battery-electric SUV, with pricing starting at around $30,000 — before tax incentives.

At an average of $65,000, today’s typical battery-electric vehicle (BEV) is well out of reach of the typical American car buyer. But while GM is rolling out an assortment of high-line EVs, including the $300,000-plus Cadillac Celestiq, it’s also targeting entry buyers with products like the new Chevrolet Equinox EV, which will come in at “around $30,000” when it reaches showrooms next year.

While it was late to the long-range EV market, General Motors is in a race to catch up with industry leader Tesla, as well as key competitors like Ford, Hyundai, and Volkswagen. It’s planning to roll out at least 30 BEVs by mid-decade. And they’ll cover a broad range of brands and product segments, from ultra-exotics like the Cadillac Celestiq to full-size pickups such as the GMC Hummer EV and Chevrolet Silverado EV.

But the bowtie brand isn’t forgetting about folks on a budget who’ve traditionally made up a major share of its customer base. It recently dropped the price of its first long-range model, the Bolt EV, to a starting price of $25,600. And coming by autumn 2023, it will introduce another “affordable” option — an all-electric version of its popular Equinox SUV.

Equinox EV: $30,000 ‘Ballpark’ Price

When GM’s largest brand first began teasing the 2023 Chevrolet Equinox EV last year, it said the cost would be “around $30,000.” “And we’re still in that ballpark,” Scott Bell, VP of Global Chevrolet, confirmed during a media background briefing late last month.

As with the conventionally powered Chevrolet Equinox, the EV model will be entering what Bell expects to become “not only the largest but maybe the most competitive” segment in an EV market that is expected to grow rapidly over the coming decade.

(Video) 2023 Chevy Equinox EV: First Look!

Where BEVs accounted for barely 1% of U.S. new vehicle sales in 2019, that’s now running at about 6%. And, according to analysts like John Murphy of Bank of America Research, it could hit 20% by 2025.

So, Chevy knows it will take not only an affordable price but also a lot of features to win buyers over, especially those considering an electric vehicle for the first time.

All-New Vehicle, Familiar Styling

A quick glance at the Equinox should strike a familiar chord. There’s a lot of similarity between the design of the current gas-powered model and the new one running on lithium-ion batteries. They boast a close silhouette, with coke-bottle sculpting to the door panels and a subtle curve to the roofline — which will be available on some trim levels in two-tone.

Another key difference: The EV adopts a large C-pillar rather than the rear half-window on today’s model. There are also shorter overhangs than on the gas model.

The Equinox EV’s hood is a bit shorter — a common design feature on today’s battery models, as there’s no internal combustion under the hood. (Chevy officials aren’t yet saying whether or not there’ll be a “frunk,” or front trunk.) Instead, some of the engine compartment’s space has been repurposed for the passenger compartment.

There’s also a lack of a traditional grille because there’s no need for cooling air under the hood. Instead, there’s a sealed panel accented by a wide lightbar and backlit Chevy bowtie logo.

(Video) 2024 Chevrolet Equinox EV First Look | MotorTrend

Small air intakes below the bumper do provide cooling air for the underlying Ultium architecture that the Equinox is mounted on.

Equinox EV Range & Power

The platform is a flexible one that will eventually be shared with a wide range of GM BEVs, from entry-level models — excluding the older Bolt EV—to luxury products like the new Cadillac Lyriq SUV. It provides a great deal of flexibility in terms of battery pack size and powertrain layout. At Chevy, for example, the larger and more expensive Blazer EV will have three optional packs and will also offer front-, rear- or all-wheel-drive layouts.

The 2023 Equinox will offer two different battery packs and a choice of front- or all-wheel drive. Depending on the package, buyers will get anywhere from 250 to 300 miles of range based on GM’s initial estimates.

Don’t expect the sort of performance Chevy plans to deliver with the Blazer EV, which is a 557-horsepower SS model that promises to deliver 0-60 launches in “under 4 seconds.” But the Equinox EV won’t be a slouch.

The FWD package will use a single electric motor producing 210 horsepower and 242 pound-feet of torque. The optional eAWD system will add a second motor on the back axle, the combination delivering 290 horsepower and 346 pound-feet of torque. By comparison, the gas-powered Equinox makes 170 horsepower and 203 pound-feet from its turbocharged 1.5L engine.

Quick-Charging Equinox EV

One of the features of the EV will be One-Pedal driving, which allows a motorist to slow or even stop the Equinox by simply modulating the throttle, rather than having to jump on and off the brakes. The system relies on brake regeneration, which recaptures energy normally lost during braking and coasting, sending it back to the battery pack to extend range.

(Video) New 2023 CHEVROLET EQUINOX EV SUV - First Look

The Equinox EV comes with a standard 11.5 kW Level 2 charger that can boost range by 34 miles per hour of charging when plugged into a 220V system. An upgraded 19.2 kW charger takes that to 51 miles of range per hour. And the electric SUV can use the newest public quick-chargers at up to 150 kW, adding 70 miles of range in as little as 10 minutes.

GM is spending millions to help establish a nationwide charging network, and officials hinted that Equinox buyers may get some free charging as part of the purchase price, as with other new models. Stay tuned for details.

Loaded With Tech, as You’d Expect

As has become the norm in the EV market, the 2023 Chevy Equinox will have plenty of digital technology. The sporty cabin will be available with up to a 17.7-inch infotainment touchscreen as well as a digital gauge cluster. Look for Apple CarPlay and Android Auto.

And the SUV will offer optional Super Cruise, the hands-free GM driving system. The automaker recently announced that it’s getting ready to double the range on which Super Cruise can operate to around 400,000 miles. That will now include a number of undivided two-lane roads, such as portions of California’s scenic Pacific Coast Highway and old Route 66.

An extensive array of advanced driver-assistance systems will be offered as well, with the precise mix depending on trim level.

2023 Chevy Equinox EV: Pricing & Availability

Chevy officials have high hopes for the Equinox, which Bell declares “a game-changer for us and the industry.” Certainly, it will give Chevrolet a leg up on competitors on the cost front. Though larger and more well-equipped, you’d still have to spend $65,990 to get into the base version of the Tesla Model Y.

(Video) Is the 2024 Chevrolet Equinox EV the BEST new SUV for $30k?

And other electric SUVs — such as the Hyundai Ioniq 5, Kia EV 6, Mustang Mach-E, and Volkswagen ID.4 — come in at least $10,000 more than what Chevy suggests Equinox will start it.

What’s yet unclear is how newly revised federal EV tax incentives will play into the picture. Both GM and Tesla lost their credits after crossing a sales threshold. But Equinox appears likely to qualify to get those credits back, which would mean an effective starting price of under $25,000.

With Equinox, “we’re going after the masses (who) can’t afford” most of the EVs on the market today, said Steve Majoros, Chevy’s marketing chief.

The 2023 Equinox EV SUV will reach Chevrolet U.S. showrooms by autumn 2023, with other markets to follow.

(Video) Finally - Chevy Reveals a Stylish (and Affordable) EV: Meet the 2024 Equinox EV!

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FAQs

Is the 2023 Equinox electric? ›

The Equinox EV goes on sale in fall 2023.

More expensive trim levels offer GM's Super Cruise hands-free driving, 300 miles of range, and a 19.2-kW onboard charger.

When can you buy Equinox EV? ›

Chevrolet claims the 2024 Equinox EV will start at around $30,000. That would make it one of the more affordable all-electric SUVs on the market. Deliveries of the limited-edition 2RS, which will be the first model on sale, are expected to begin in fall 2023.

Is there going to be a 2023 Chevy Equinox? ›

The 2023 Chevrolet Equinox compact SUV starts at $26,300, plus a destination charge. That's for the LS trim with front-wheel drive. Subsequent trim levels are LT, RS and Premier.

How much is the new electric Equinox? ›

Next fall, Chevrolet could offer an attractive electric car with a starting price tag of around $30,000 before government incentives and a range of up to 300 miles.

Will Equinox EV qualify for federal tax credit? ›

In addition, it's likely that the Equinox EV will be eligible for the new EV tax credit. It's built in North America, it costs less than $55,000, and more than 40% of the battery's non-mineral components are likely sourced stateside.

How much does it cost to charge an electric car? ›

The average cost of charging an EV at a commercial charger, from almost empty to almost full, is between $10 and $30. Keep in mind that charging your EV on a road trip—that is, at a commercial charger—costs significantly more than charging it at home.

How many hours does it take to charge an electric car? ›

Level 1 chargers can take 40-50 hours to charge a battery electric vehicle (BEV) from empty and 5-6 hours to charge a plug-in hybrid electric vehicle (PHEV) from empty.

How long does it take to charge the Chevy Equinox EV? ›

GM estimates a 150k W DC fast charger will give the Equinox 70 miles range in 10 minutes. Official charging times will be available closer to sale. GM will debut a new charging service with its three EVs next year.

How long does it take to charge an EV? ›

Charging Station

You can expect a home outlet (sometimes called a level 1 charger) to take around 40 hours to fully charge a typical EV. Level 2 chargers decrease time significantly: Most can deliver about 15-25 miles of range per hour, meaning that most EVs can be charged either overnight or during a typical work day.

What colors does the 2023 Equinox come in? ›

  • IRIDESCENT PEARL TRICOAT.
  • HARVEST BRONZE METALLIC.
  • SUMMIT WHITE.
  • MOSAIC BLACK METALLIC.
  • BLUE GLOW METALLIC.
  • STERLING GRAY METALLIC.
  • IRON GRAY METALLIC.
  • RADIANT RED TINTCOAT.

Where is the 2023 Equinox built? ›

Ramos Arizpe

Is the Chevy Equinox a reliable car? ›

Is the Chevrolet Equinox Reliable? The 2022 Chevrolet Equinox has a predicted reliability score of 85 out of 100. A J.D. Power predicted reliability score of 91-100 is considered the Best, 81-90 is Great, 70-80 is Average, and 0-69 is Fair and considered below average.

How do you charge an electric car? ›

Charging occurs by connecting the EV to a power source known as a charging station. Once connected to the charging station, EVs use their charging port and onboard charger to convert the external power into battery charge.

Will the Equinox EV have a frunk? ›

There's also a bonus 4.7-cubic-foot front trunk or "frunk" for more stuff. The Equinox EV brings 57 cubic feet behind the rear seats but has no frunk.

Where will Equinox EV be built? ›

The automaker has announced that the all-new 2024 Chevy Equinox EV will be manufactured at the GM Ramos Arizpe plant in Mexico, as GM Authority had anticipated at the end of March based on information from sources familiar with the matter.

Which EVs will qualify for federal tax credit? ›

Which Cars Might Qualify for the New EV Tax Credit?
  • Cadillac Lyriq (only if it is classified as an SUV)
  • Chevrolet Blazer EV.
  • Chevrolet Bolt.
  • Chevrolet Bolt EUV.
  • Chevrolet Silverado EV (with certain options and trim levels)
  • Ford F-150 Lightning (with certain options and trim levels)
  • Ford Mustang Mach-E.
  • Nissan Leaf.
24 Aug 2022

How do I claim my 7500 EV tax credit? ›

Claiming the $7,500 Electric Vehicle Tax Credit: A Step-by-Step...
  1. Choose an EV that qualifies. ...
  2. Make sure the automaker still has credits available. ...
  3. Obtain a letter of certification from the dealer. ...
  4. Estimate your tax obligation for that year. ...
  5. IRS forms. ...
  6. Claiming state rebates and credits on top.
30 Sept 2018

What are the tax credits for electric vehicles? ›

The Inflation Reduction Act, which President Biden signed Aug. 16, created a tax credit for consumers who buy new electric vehicles. The clean vehicle credit is worth up to $7,500. It's nonrefundable, meaning buyers need to have a federal tax liability to get full or partial benefits.

Does the Chevy Equinox come in electric? ›

With a starting price of around $30,0001 on the 1LT, the Equinox EV plugs Chevrolet into the critical compact SUV segment and is expected to be the most affordable EV in its class11.

Is the Chevy Equinox a hybrid? ›

As such, the 2022 Equinox maintains exactly the same design as the preceding model year, but adds two important new features: a 48V mild hybrid powertrain and a new, larger infotainment screen as standard on the higher trim levels.

Where will EV Equinox be built? ›

The automaker has announced that the all-new 2024 Chevy Equinox EV will be manufactured at the GM Ramos Arizpe plant in Mexico, as GM Authority had anticipated at the end of March based on information from sources familiar with the matter.

How big is a Chevy Equinox EV? ›

Chevrolet Equinox EV
Wheelbase116.3 in (2,954 mm)
Length190.4 in (4,836 mm)
Width75.4 in (1,915 mm)
Height63.5 in (1,613 mm)
19 more rows

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