There's no way in hell they're making money at that price. They're probably not even breaking even.
Even the higher trims are going to have extremely thin margins, if they're making money at all. Seeing as it's an $8K jump in price from the base model to the second level trim, I imagine dealers are going to make it very difficult to buy a base model.
These prices are pretty meaningless. They said the same thing about Hyundai Konas but dealer prices are substantially different. Used/new car purchases continue to be a terrible value proposition.
By far the biggest problem I encountered with the Bolt EV was its transient but recurring inability to charge from DC charging stations. The Equinox has a far higher charging power, up to 150kW. It makes me wonder if they fixed anything and what.
If any automaker can make a car that meets these criteria, I will buy one immediately:
* it is available, new, at my local dealer, for <=$40k
* it will enable me to travel to a destination 1.5 hr away, and return, without stopping to charge
* it has a reliable fast-charging network
* doesn't stream video of me to someone else's computer
I don't really think I'm asking for much.
>GM said the Equinox EV will beat other entry-level models in its segment, including the Tesla Model Y...
Wow. No way they're going to beat the #1 best selling EV in the world. GM is clearly still learning how to both make and sell EVs.
It's a shame they couldn't bring it in at $30k because at $35k they will have to compete against the likes of the Volvo EX30, although this edges out on range.
I know someone with a 6 year old Tesla X that now has a range of around 120 miles. This is becoming a serious impediment for them. What happens to all the buyers of these vehicles when their range is halved before their life expectancy is up? Needing to pony up another $10-15k will probably be unaffordable for the average Joe.
I'm not really anticipating being a car buyer for another half decade, but the #1 thing I want to judge the industry by & see progressing is MPGe (or kWh per 100km elsewhere). How efficient is your vehicle?
Leaving everyone to go figure out efficiency obfuscates what should be a defining characteristics of these offerings!
I very much bet it will not. Or if it will they will be selling at a giant loss.
Here's another claim from them in 2018 about upcoming cars requiring a technological breakthrough:
https://www.npr.org/sections/thetwo-way/2018/01/12/577688125....
Well, now, that's actually interesting. I'll have to check back in 7-8 years, when used models should have depreciated down to half that price, and see if it makes sense to buy one.
Oh boy, another unnecessarily large crossover gets stats that would have been perfectly achievable if they just made a normal-ass sedan
This is a shitty submarine article.
To save you some time, here are some real prices (from the article):
2LT FWD starting at $43,295 (or $35,795 with tax credits)
2RS FWD starting at $44,795
3LT FWD starting at $45,295
3RS FWD starting at $46,795
On top of that, add $1,395 destination charge. Also, add your state taxes.
Rough realistic price is going to be $47,000. Priced exactly so you don't get to extract any value out of fuel savings during the lifetime of the vehicle ;).
Alternate headline: The Chevy Equinox EV range as low as 285 and cost up to $53,000
https://gmauthority.com/blog/2024/02/2024-chevy-equinox-ev-t...
And if the battery is damaged it will cost $40k to replace.
I just can’t get excited about large EVs anymore.
We need cheaper, smaller EVs in the US yesterday. Looking at the options China and Europe have and comparing to what we have you can really get the sense that car companies here only care about making SUVs/trucks/and _some_ crossovers electric but don’t actually care about making small cars electric because of one thing.. profit. They know they’ll make more money on the massive cars but that’s horrible for us because it further expands the need for larger parking spots, wider roads, and I won’t even get into the fatality statistics when comparing cars of different sizes.
The only thing that will force car companies to get smaller cars into the U.S. market is regulation. Then and only then will we see true EV offerings around the 20k mark
In other news, the EV we will be producing will have 30,000 miles of range and will cost $25 and will solve all of the problems in your life using magic.
Until it exists, it doesn’t exist.
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Do you need to log into it in order to shift it out of park? Can you drive it without a smartphone on your person? Do certain HVAC functions require a paid subscription?