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
- EV: $12,405 more. Saves $737 a year.
- Break-even: 202,000 miles.
- 12,000 miles a year. Gas $3.20. Electricity 17 cents a kWh.
Every EV pair
| Pair | MSRP | Rating | Energy a year | Price gap | Saves a year | Payback | Ahead after 6 years |
|---|---|---|---|---|---|---|---|
| EV LT FWD LT FWD | $41,900 $29,495 | 31.1 kWh/100 mi 28 mpg | $634 $1,371 | $12,405 | $737 | 16.8 years | Gas, $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 | $737 | 20.8 years | Gas, $10,878 |
| EV RS FWD RS FWD | $43,400 $30,950 | 31.1 kWh/100 mi 28 mpg | $634 $1,371 | $12,450 | $737 | 16.9 years | Gas, $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 | $737 | 22.8 years | Gas, $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 | $737 | 23.5 years | Gas, $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 | $737 | 25.5 years | Gas, $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 | $737 | 26.5 years | Gas, $15,078 |
| EV Launch Edition FWD LS FWD | $47,600 $26,600 | 31.1 kWh/100 mi 28 mpg | $634 $1,371 | $21,000 | $737 | 28.5 years | Gas, $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 | $737 | 28.5 years | Gas, $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 | $760 | 27.9 years | Gas, $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 | $760 | 30.0 years | Gas, $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
| Measure | EV | Gas | Change |
|---|---|---|---|
| Max towing | 1,500 lb | 1,500 lb | about the same |
| Cargo, seats up | 29.9 cu ft | 29.9 cu ft | about the same |
| Cargo, seats down | 57.2 cu ft | 63.9 cu ft | -6.7 cu ft |
What this cannot tell you
Incentives, insurance, upkeep and resale are not included.
Your own mpg will differ.
- 2 or more sources
- 1 source
- Model-level, rule or estimate
- Sources disagree