Gas vs Electric · Head-to-head running cost
Chevy Equinox EV vs Chevy Equinox: what it really costs to run
The Chevy Equinox EV and the gas Chevy Equinox share a name and a shape, so this is about as clean an electric-versus-gas comparison as you get, with the calculator below already set to both.
When you come out ahead
Showing cumulative fuel savings. Add the two cars' prices in the controls to plot your exact break-even point.
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Because these are the same nameplate, the only real running-cost difference is what fuels them. The gas Equinox at about 28 mpg burns regular you buy at the pump; the Equinox EV at roughly 3.2 mi/kWh runs on electricity, and if you charge at home its cost per mile lands well below the gas version's. Divide the price you pay by each vehicle's efficiency and the EV wins the per-mile math comfortably, and that edge holds up even as gas prices drift up and down through the year.
The catch with an EV is usually the sticker, but here the gap is unusually small: the Equinox EV starts around $35,000 against roughly $29,000 for the gas Equinox, a premium of about $6,000. That modest gap, plus the EV's lower per-mile cost and its maintenance savings, means break-even can arrive fairly quickly for a typical driver. One honest caveat: those numbers assume home charging. Lean on public DC fast-charging and the Equinox EV's per-mile edge shrinks, so how and where you plug in matters a lot.
What to keep in mind
- Same vehicle, different fuel: at about 28 mpg the gas Equinox pays pump prices, while the Equinox EV at roughly 3.2 mi/kWh runs on much cheaper home electricity per mile.
- The price premium here is small for an EV, only about $6,000 between a ~$35,000 Equinox EV and a ~$29,000 gas Equinox, so the fuel savings have less ground to make up.
- Your Equinox EV cost per mile depends heavily on charging at home versus public fast-charging, so set the calculator to your real electricity price.
Chevy Equinox EV vs Chevy Equinox: common questions
Is the Equinox EV cheaper to run than the gas Equinox?
For most home-charging drivers, yes. At about 3.2 mi/kWh on home electricity, the Equinox EV's cost per mile is well below the gas Equinox at roughly 28 mpg buying regular at the pump. Set the calculator to your local rates to see your own numbers.
Is the higher price of the Equinox EV worth it?
The premium is unusually small, roughly $6,000 between the ~$35,000 Equinox EV and the ~$29,000 gas model. Combined with lower fuel and maintenance costs per mile, that gap can pay back fairly quickly, though your break-even depends on your mileage and whether you charge at home rather than at public fast-chargers.