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2024 Chevrolet Equinox EV previewed; starting price about $30k

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Chevrolet Previews Equinox EV

 

DETROIT – Chevrolet will expand its EV lineup in fall 2023 to include the Equinox EV, an affordable, functional compact SUV that will start at an estimated MSRP of around $30,000 in the U.S. The Equinox EV, which will be launched with both fleet and retail versions, including LT and RS trims, will leverage GM’s Ultium Platform.

“The Equinox has always played an important role for Chevrolet as the second-highest selling brand nameplate,” said Steve Hill, Chevrolet vice president. “Providing an affordable EV option in the industry’s highest volume segment proves Chevy is going to make EVs available to everyone.”

The announcement of the Equinox EV comes on the heels of Chevy’s reveal of the 2024 Silverado EV and confirmation of the Blazer EV SUV, which will be available in spring 2023.

 

 

2024-Chevrolet-Equinox-EV-007.jpg

2024-Chevrolet-Equinox-EV-001.jpg

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Teaser video of Chevy Equinox EV released today to coincide with vernal equinox.

 

 

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I kind of like it.  Looks like they stole the rear light design from Porsche.

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The instrument panel kinda reminds me of my first car, a 1970 Ford LTD...

 

image.thumb.png.2c00050e21d0d02924ff03729da3b9da.png

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If they can hold that price point they will sell. Looks good!

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Looks really good. $30k starting price is going to be a game changer. Lots of solid choices now at ~$45k starting price so this will really bring the price of good EV down significantly. 

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On 3/23/2022 at 11:30 AM, bzcat said:

Looks really good. $30k starting price is going to be a game changer. Lots of solid choices now at ~$45k starting price so this will really bring the price of good EV down significantly. 

 

This vehicle is a game changer, but I don't see how they can do it at that price point with the way it is being shown with that panoramic display. The vehicle being shown will be closer to $50,000. The stripped down model will look more like an Escape S than a $45,000 Escape Titanium Elite. And the Escape S has a little 4 inch display screen. Chevy has no big time cost advantage over Ford. 

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1 hour ago, FordBuyer said:

Chevy has no big time cost advantage over Ford. 

 

That's correct FordBuyer for ICE powered vehicles. But for BEV, Chevy/GM has a huge advantage over Ford and other incumbent automakers thanks to the economies of scale provided by Ultium.

 

John McElroy from Autoline Daily talked about this a couple weeks ago.

 

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I think it will create a good development for chevy electric vehicles economically. 👌

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Second teaser video, focusing on Equinox EV's interior.

 

 

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On 3/23/2022 at 11:30 AM, bzcat said:

Looks really good. $30k starting price is going to be a game changer. Lots of solid choices now at ~$45k starting price so this will really bring the price of good EV down significantly. 

 

Considering Ford is offering a F150 Lightining (Crew Cab 4X4 Truck) starting at 40K, I am not surprised to see this. I am sure these pics are not of the base model...

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Maybe as a precursor to launch of Equinox EV, today General Motors announced that prices on Bolt EV and Bolt EUV are being lowered by $5,900 and $6,300 respectively for 2023. 2023 Chevrolet Bolt EV/EUV Prices Confirmed: Much Lower Than 2022 (insideevs.com)

 

2023 Chevrolet Bolt EV/EUV prices:

Model Base Price Dest. Charge Tax Credit Effective Price
2023 Chevrolet Bolt EV 1LT $25,600 +$995 N/A $26,595
2023 Chevrolet Bolt EV 2LT $28,800 +$995 N/A $29,795
2023 Chevrolet Bolt EUV LT $27,200 +$995 N/A $28,195
2023 Chevrolet Bolt EUV Premier $31,700 +$995 N/A $32,695

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36 minutes ago, rperez817 said:

Maybe as a precursor to launch of Equinox EV, today General Motors announced that prices on Bolt EV and Bolt EUV are being lowered by $5,900 and $6,300 respectively for 2023. 2023 Chevrolet Bolt EV/EUV Prices Confirmed: Much Lower Than 2022 (insideevs.com)

 

2023 Chevrolet Bolt EV/EUV prices:

Model Base Price Dest. Charge Tax Credit Effective Price
2023 Chevrolet Bolt EV 1LT $25,600 +$995 N/A $26,595
2023 Chevrolet Bolt EV 2LT $28,800 +$995 N/A $29,795
2023 Chevrolet Bolt EUV LT $27,200 +$995 N/A $28,195
2023 Chevrolet Bolt EUV Premier $31,700 +$995 N/A $32,695

 

Kudos to GM for offering a very affordable, multi functional BEV for under $30,000. And decent range. 

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Fire sale?

 

Too soon?

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16 hours ago, akirby said:

Fire sale?

 

Given the fire related recalls and stop sale actions issued for Chevy Bolt last year and earlier this year, the term "fire sale" may be quite appropriate. 🤣

 

106907704-1625675106805-Chevy_Bolt_fire.

 

In all seriousness, GM's price drops for 2023 Bolt EV and Bolt EUV represents the company's foray into pricing strategy for BEV that's similar to consumer electronics products like smartphones. The lower prices over time on mature products (Bolt and Bolt EUV) leaves room for higher prices on new products (Equinox EV and other Ultium based vehicles), allowing GM to serve a broad BEV customer base.

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On 6/2/2022 at 3:35 PM, rperez817 said:

Maybe as a precursor to launch of Equinox EV, today General Motors announced that prices on Bolt EV and Bolt EUV are being lowered by $5,900 and $6,300 respectively for 2023. 2023 Chevrolet Bolt EV/EUV Prices Confirmed: Much Lower Than 2022 (insideevs.com)

 

2023 Chevrolet Bolt EV/EUV prices:

Model Base Price Dest. Charge Tax Credit Effective Price
2023 Chevrolet Bolt EV 1LT $25,600 +$995 N/A $26,595
2023 Chevrolet Bolt EV 2LT $28,800 +$995 N/A $29,795
2023 Chevrolet Bolt EUV LT $27,200 +$995 N/A $28,195
2023 Chevrolet Bolt EUV Premier $31,700 +$995 N/A $32,695

 

Bolt is now basically the same price as EcoSport... Makes you wonder how Ford still manages to sell several thousands of these miserable turds every month.

 

EcoSport

SE $25,510

SES $28,205

Titanium $28,395

 

EcoSport S is cheaper at $22,040 but it is not comparable because Chevy doesn't sell a Bolt LS barebones model like the S.

 

 

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Because a rather large number of buyers can’t make EVs work very easily, especially those with lower incomes.

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Posted (edited)
4 hours ago, akirby said:

Because a rather large number of buyers can’t make EVs work very easily, especially those with lower incomes.

 

My post wasn't about EV. It was about the horrible value proposition of EcoSport which is Ford's entry in the B-segment CUV and Bolt competitor.

Edited by bzcat

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Posted (edited)
1 hour ago, bzcat said:

 

My post wasn't about EV. It was about the horrible value proposition of EcoSport which is Ford's entry in the B-segment CUV and Bolt competitor.


You asked why anyone would buy an Ecosport over a Bolt.  I gave you a valid reason.

Edited by akirby

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18 hours ago, bzcat said:

.... Makes you wonder how Ford still manages to sell several thousands of these miserable turds every month.

 

One persons "miserable turd" is another persons "first new car". it's all about perspective I would guess. EcoSport is not bad per se, but it does nothing extremely well either...just a middle of the road appliance mobile that has come to it's end.

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I look at it the opposite direction.  Why the F does Chevy need to sell the Bolt so low?  I just can't believe they're making any money on it.  With battery and chip shortages, it's a waste of good resources for little to no profit.

 

If GM thinks the Bolt battery issue has damaged the model to the point of where it can't sell, then axe it.  Re-allocate the chips and batteries to somewhere GM can actually make some profit.

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1 hour ago, twintornados said:

 

One persons "miserable turd" is another persons "first new car". it's all about perspective I would guess. EcoSport is not bad per se, but it does nothing extremely well either...just a middle of the road appliance mobile that has come to it's end.

 

EcoSport served its purpose as an entry level vehicle but subsequently failed by Ford's lack of attention and updates to make it competitive. Unfortunately, the only entry level vehicle available from Ford is the Maverick with virtually no stock units available and, similar to so many other vehicles, an extremely long OTD (Order to Delivery) timeframe due to the microchip, commodity, plant and supplier constraints. Congratulations to Ford for the Maverick's success but it serves and fills a specific market segment. There's still a good size part of the market, that has no interest or need for a compact pickup, and is forced to competitors' vehicles.  

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14 hours ago, 92merc said:

Why the F does Chevy need to sell the Bolt so low? 

 

This may be part of GM's efforts "on closing equity gaps, or disparities, as the auto industry transitions to electric and emissions-free vehicles", as Detroit News reported last year. General Motors commits $25 million to promote equity in EV transition (detroitnews.com)

 

We [GM] want to make sure that we have a complete portfolio that allows everyone to have access to a product that’s going to meet their respective needs

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I wish Ford would hurry up and bring a hybrid Puma to the US, a nice alternative to the ugly duckling Ecosport

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9 hours ago, jpd80 said:

I wish Ford would hurry up and bring a hybrid Puma to the US, a nice alternative to the ugly duckling Ecosport

 

Most Ecosport customers could never afford a hybrid Puma. 

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