Sunday, July 14, 2024

GM’s cheapest electric car available in the market

Immigration News

Mehr Ali Altaf
Mehr Ali Altaf
Mehr Ali is a young bilingual journalist from Afghanistan working for the English language version of Khaama Press online. His main responsibility include researching and writing news reports for the sports, tech and entertainment sections.

General Motors revealed a new electric SUV that the automaker expects will be the cheapest compact electric SUV on the market when it goes into product in about a year.

The Chevrolet Equinox EV will have a starting price around $30,000 which, at any rate, will make it among the cheapest electric vehicles of any sort.

The average electric vehicle available today has a base sticker price of about $47,500, according to The $30,000 price for the Equinox EV would be, of course, for the simplest version with no optional features.

That price does not include tax credits but GM is not currently eligible for any electric vehicle tax credits, anyway, and it’s uncertain if any GM vehicles will be eligible under new rules, either.

Among 2022 model year mass-market EVs, only the Nissan Leaf, with its base price $28,500, costs less and it also currently qualifies for a $7,500 federal tax credit. There are a few other models in the low- to mid-$30,000 price range, too. Among them are Chevrolet’s own Bolt EV and the SUV-ish Bolt EUV.

Despite having the same name, the Equinox EV shares very little with the gasoline-powered small SUV that is Chevrolet’s second-best-selling model after the Silverado pickup. GM took the same approach with the Chevrolet Silverado EV pickup and the Chevrolet Blazer EV SUV, both of which were unveiled earlier this year.

They share only their names and their basic size and form with gas models. All three, along wth GM’s GMC Hummer EV truck and Cadillac’s Lyriq SUV are designed around the same electric vehicle battery pack design and structure.

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