One of the cheapest electric vehicles sold in the U.S. has become up to $10,000 cheaper, which accounts for a massive 20% discount. We’re talking about the 2026 Chevrolet Equinox EV, the compact electric SUV that is already one of America’s cheapest EVs, alongside the 2027 Chevy Bolt and the 2026 Nissan Leaf.
As part of GM’s push to boost EV sales after the demise of the EV federal tax credit at the end of Q3 2025, the Equinox EV lineup gets discounts of up to $10,000 this month, with the highest price cut being applicable to the range-topping Equinox EV RS trim. Mind you, the LT1 and LT2 lower trims get significant discounts as well—$6,500 and $8,000, respectively.
Base Equinox LT1 FWD Costs Bolt LT Money In February
Chevrolet
As a result, the base Equinox LT1 trim now has a starting MSRP of $30,295 in FWD guise or $35,595 in AWD guise (both including $1,800 destination freight charge), after the $6,500 customer cash discount is applied. That makes the Equinox LT1 FWD almost as cheap as the new 2027 Chevy Bolt LT, which starts at $28,995 (including $1,395 destination).
At this price, getting a Equinox LT1 FWD over the Bolt LT is a no-brainer, as the former offers significantly more range—319 miles vs. 262 miles—more interior space, and better standard equipment.
Or You Can Have The Better-Equipped LT2 From $35,595
Chevy
The discounts also increase the appeal of the 2026 Equinox EV LT2 mid-level trim, which is now available with a starting MRSP of $35,595 in FWD guise and $38,895 in AWD guise after the $8,000 customer cash discount is deducted.
Compared to the base LT1 trim, LT2 adds comfort, convenience, and safety upgrades. Those include the four-camera HD Surround Vision system that offers a 360-degree view of the vehicle’s surroundings, wireless charging, power liftgate, and heated front seats/steering wheel, among other goodies. The LT2 also features higher-quality interior materials and exterior styling enhancements.
Equinox EV RS Range-Topper Starts At $35,895 After $10,000 Discount
As for the top-dog 2026 Equinox EV RS trim, Chevy offers $8,750 off as customer cash discount, but shoppers can qualify for an additional $1,250 in conquest cash, according to Electrek. To take advantage of the additional cash discount that brings the grand total to $10,000 off, customers must own a 2012 model year or newer non-GM vehicle or lease a 2021MY or newer non-GM vehicle.
Assuming they qualify for both cash bonuses, buyers can land a 2026 Equinox EV RS FWD model for just $35,895 (including $1,800 destination freight charge). Or, should they prefer the dual-motor AWD variant, that one will set them back $39,195.
Now, as with all special offers, there are some caveats. For starters, buyers must take new retail delivery of the vehicle by March 2, 2026 to get the discounts. Furthermore, as its name suggests, the customer cash discount only applies to cash purchases, not lease or special financing deals. Finally, while the 2026 Equinox EV online configurator factors in the customer cash discounts, the conquest cash bonus is not, so if you qualify for one, make sure to contact your nearest Chevy dealer.