General Motors has revealed the Chevrolet Equinox EV, an electric SUV set to be one of the cheapest on the market when it is released in about a year. The vehicle will have a starting price of around $30,000, which will make it one of the cheapest electric vehicles of any kind. The average electric vehicle currently has a base sticker price of around $47,500, according to Edmunds. The Equinox EV is expected to be the cheapest compact electric SUV on the market, and its price does not include tax credits. However, GM is not currently eligible for any electric vehicle tax credits. The Nissan Leaf, with a base price of $28,500, is currently the only mass-market EV in the 2022 model year that costs less than the Equinox EV, and it also qualifies for a $7,500 federal tax credit. The Chevrolet Bolt EV and the SUV-like Bolt EUV are also available in the low- to mid-$30,000 price range. The Equinox EV will have a range of up to 300 miles and will be available with front- or all-wheel-drive. It will be offered in three versions: the Blazer 1LT, 2LT, and sporty RS.
