Electric cars may become quite pricey. A lot of electric SUV models cost more than $40,000.

Small electric automobiles may start at more than $30,000.

EVs cost more than cars with internal

combustion engines because their complicated powertrain systems now cost more to manufacture. 

The purpose of the federal electric vehicle tax incentive is to promote consumer and carmaker sales

of EVs. Has the Chevrolet Equinox EV just become the most cheap new electric SUV thanks to the improved incentive?

The basic 1LT variant of the 2024 Chevrolet Equinox EV is anticipated to cost roughly $30,000. 

the Chevy Equinox EV. Of course, taxes and levies will increase the cost of the electric SUV.