Chevy launches Equinox EV at $49K, $35K 320-mile model coming soon
Chevy announced its Equinox EV rollout plan today on a conference call to journalists. It acknowledged being late but also had some pleasant surprises for its new lowest-cost EV.
The Chevy Equinox will launch at a much higher price than initially anticipated and it will launch a few months later than expected. Initially scheduled for “Fall 2023”, the Equinox will start rolling off the line at the beginning of 2024. Order banks will open up next week and GM says it already has “200,000 hand raisers”. So it seems like it will be quite popular.
The initial front-wheel drive version will cost about $49,000 while the AWD version will be about $3400 more. That’s all the info we have at the moment on this car. But the higher price point would seem to indicate a much higher trim package as the graphic below shows with the 2-tone paint job.
But what about the plan to deliver a $30,000 vehicle that goes 250 miles that CEO Mary Barra touted? Well they mostly missed one piece and smacked the other out of the park.
Chevy now says that at the end of next year (2024), Chevy will begin deliveries of the $30,000 model except it will cost $34,995. And about that range…
The range however is quite impressive at 319 miles and with the Federal and other discounts will make this a mid-$20K car. That’s a pretty compelling package. In fact, the $35k model will have the same battery as the ones going on sale next week.
Some other notes:
- Chevy will not extend the Bolt builds in Orion plant as it delays retooling for the Silverado.
- Chevy Bolt EVs will be available until March 2024 in many markets by the time they wind down production which will end in December.
Electrek’s take:
NGL it is hard to take Chevy at its word on timing and prices at this point. There’s been a ton of movement on its EV plans and we could easily see all of these plans slide further down the road with prices that may also fluctuate. Also, that price still says “starting around $34,995″.
However, the $30K $35K Equinox will be a solid deal with Federal Tax Credits available upfront. Also, it is interesting that there will be only 1 battery for this vehicle and it will take the base model a very respectable 319 miles.
Why not continue to build the very popular Bolts during the newly created gap between Silverado production? I imagine it isn’t profitable and supply chain parts orders can’t just be spooled up at the drop of a hat.
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Chevron is not seeing signs that the U.S. is close to a recession even as President Donald Trump’s tariffs weigh on expectations for oil demand, CEO Mike Wirth said Tuesday.
“There’s no signs that we see at this point that we are in or close to a recession,” Wirth told CNBC’s “Squawk Box.” “There are signs that growth may be slowing and we have to always be prepared for that.”
The International Monetary Fund on Monday cut its growth outlook for the U.S. this year to 1.8%, down from 2.7% previously.
The oil market is expecting reduced demand as a consequence of Trump’s tariffs and the decision by OPEC+ increase production faster than expected, Wirth said. Chevron isn’t changing its capital spending plans in response to drop in prices, the CEO said.
U.S. crude oil prices have fallen about 11% since Trump announced his tariffs on April 2. West Texas Intermediate was last up about 72 cents at $63.80 per barrel. OPEC and the International Energy Agency have cut their demand outlooks for this year.
Wirth said U.S. onshore oil production in patches like the Permian Basin is likely to pull back if prices hit $60 per barrel. Offshore production likely won’t be affected, he said.
“That’s an area where if we were to be at a $60 price or even lower you’re likely to see activity pull back in this sector and you’ll see the production response over a few months,” Wirth said. “That’s what we should watch, not so much the deep water activity.”
Chevron is not expecting a major direct impact on its business from Trump’s tariffs as energy has largely been exempt from the levies, Wirth said.
“The effects that we feel are likely to be more the macroeconomic effects as they flow through the economy,” Wirth said. “The bigger issues would be what would it mean for growth, and global trade and how does that evolve.”
Executives at oil and gas companies were scathing in their criticism of Trump’s tariffs in an anonymous March survey by the Federal Reserve Bank of Dallas, warning that steel tariffs were raising their costs and low prices could impact their activity.
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Little is known about super-secretive EV startup Slate, but the fledgling brand is rumored to be backed by Jeff Bezos and determined to shake up the existing electric order with an affordable lineup of compact SUVs and pickups with that golden $25,000 price tag.
Now, at least, we know what it’s gonna look like. The battle of the billionaires is on!
Redditor jonjopop over at the spotted subreddit spotted what looks like an early prototype of an unbranded SUV with bizarre “CryShare” wrap. CryShare, as a concept, seems to combine the functionality of a ride sharing app like Uber or Lyft with the familiar (to parent, anyway) idea that small babies will often sleep better in a moving car than in their own cribs … but that’s not what’s important here.
Instead, focus on the vehicle itself – parked on Abbot Kinney Boulevard in Los Angeles without explanation or fanfare, this is our best look yet at the kind of vehicle(s) Slate is likely to reveal in the coming days.
Stumbled upon the Bezosmobile [Slate Automotive…idk?] being revealed with an absolutely bizarre marketing campaign
byu/jonjopop inspotted
Other local automotive journalists caught wind of the public unveiling, too – and our friends at The Autopian (Hi, Matt!) sent their own David Tracy out on the streets of LA to check it out. Tracy took the following video and posted it to Instagram.
The Slate breaking cover and causing buzz just ahead of what’s sure to be a painful Q1 earnings call for Tesla is a masterstroke of marketing – especially as doubts surrounding the viability of a “less expensive” Tesla Model Y or Model 3 continue to mount amid the uncertainty of Trump’s tariffs and declining sales of the brand’s more profitable models both at home and abroad.
As with so much involving Slate, however, there is nothing here written in stone – or even cast in cheese. Nothing has been announced, nothing is promised, and for all we know this might have more to do with the affordable Rivian brand launch, a new BYD, or be a viral marketing bit from some local Art Center design student in (relatively) nearby Pasadena. In fact, about the only thing I think we can say about Bezos (?) new Slate project with confidence today is this: Elon could probably use that drink.
SOURCES | IMAGES: Reddit, The Autopian.
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