We've reached price parity between EV and ICE vehicles****

The asterisk in the title is if you include the $7500 federal tax credit applied to electric vehicles manufactured and assembled in the USA. So keep that insanity in mind when you read articles on how EV's are now the same price as similar gasoline alternatives

In 2025, two Chevrolet Equinox crossovers will be offered for sale in the USA. While the names, the size, and dimensions are the same - they are technically very different. Both are on separate platforms, both are aimed at a different market, and both have very different expectations from a sales perspective.  

The 2025 Equinox shown below features a 4 cylinder turbo engine, an 8 speed automatic, runs on regular unleaded, and starts at $28,600:




The 2025 Equinox EV features up to 2 permanent magnet electric motors, about 330 miles of range, and starts at $34,995....but also qualifies for a $7500 federal tax credit. So thanks to Daddy Government, the EV starts at a slightly lower price as the gasoline model of the same size, from the same brand.



Chevrolet clearly put a lot of effort into both of these vehicles. The gasoline model will have to replace both the outgoing gasoline Equinox and the Malibu sedan that will be discontinued next year. The gasoline Equinox will probably turn a significant profit for Chevrolet within the first year the new model goes on sale.

The electric Equinox is a lower priced alternative to the Hyundai Ioniq5, Ford Mustang Mach E, Tesla Model Y, and Chevrolet's own Blazer EV. It's not likely that the Equinox EV will turn a profit for Chevrolet at all this generation. Within a year, the Equinox EV will be undercut in price by a competitor in its own showroom - the next generation Chevrolet Bolt.