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2024 Chevrolet Equinox EV vs gas: is the EV worth it?

EV LT FWD vs LT FWD

No. Does not pay back in 6 years.

16.8years to pay back

Pick another car

$0$2,000$4,000$6,000$8,000$10,000$12,000$14,00013567911131517Year 17Your 6 yearsPrice gap $12,405
Bars: total energy saving after each year. Dashed line: the $12,405 price gap. Orange bar: the saving passes the gap.

Every EV pair

2024 Chevrolet Equinox EV vs gas: every pair
PairMSRPRatingEnergy a yearPrice gapSaves a yearPaybackAhead after 6 years
EV LT FWD
LT FWD
$41,900
$29,495
31.1 kWh/100 mi
28 mpg
$634
$1,371
$12,405$73716.8 yearsGas, $7,983
EV LT with 2LT FWD
LS FWD
$41,900
$26,600
31.1 kWh/100 mi
28 mpg
$634
$1,371
$15,300$73720.8 yearsGas, $10,878
EV RS FWD
RS FWD
$43,400
$30,950
31.1 kWh/100 mi
28 mpg
$634
$1,371
$12,450$73716.9 yearsGas, $8,028
EV RS with 2RS FWD
LS FWD
$43,400
$26,600
31.1 kWh/100 mi
28 mpg
$634
$1,371
$16,800$73722.8 yearsGas, $12,378
EV LT with 3LT FWD
LS FWD
$43,900
$26,600
31.1 kWh/100 mi
28 mpg
$634
$1,371
$17,300$73723.5 yearsGas, $12,878
EV RS with 3RS FWD
LS FWD
$45,400
$26,600
31.1 kWh/100 mi
28 mpg
$634
$1,371
$18,800$73725.5 yearsGas, $14,378
EV 4dr RS w/0RP FWD
LS FWD
$46,100
$26,600
31.1 kWh/100 mi
28 mpg
$634
$1,371
$19,500$73726.5 yearsGas, $15,078
EV Launch Edition FWD
LS FWD
$47,600
$26,600
31.1 kWh/100 mi
28 mpg
$634
$1,371
$21,000$73728.5 yearsGas, $16,578
EV Launch Edition RS FWD
LS FWD
$47,600
$26,600
31.1 kWh/100 mi
28 mpg
$634
$1,371
$21,000$73728.5 yearsGas, $16,578
EV 4dr RS w/0RS AWD
LS AWD with 1LS
$49,400
$28,200
35.1 kWh/100 mi
26 mpg
$717
$1,477
$21,200$76027.9 yearsGas, $16,638
EV Launch Edition AWD
LS AWD with 1LS
$51,000
$28,200
35.1 kWh/100 mi
26 mpg
$717
$1,477
$22,800$76030.0 yearsGas, $18,238

What changes the answer

  • Gas price for a 6-year payback: $6.30.
  • Miles a year for a 6-year payback: 33,700.

What you give up

EV LT FWD vs LT FWD: other differences
MeasureEVGasChange
Max towing1,500 lb1,500 lbabout the same
Cargo, seats up29.9 cu ft29.9 cu ftabout the same
Cargo, seats down57.2 cu ft63.9 cu ft-6.7 cu ft

What this cannot tell you

Incentives, insurance, upkeep and resale are not included.

Your own mpg will differ.

How values are checked