The Chevy Equinox EV is now way more expensive to lease, but the Bolt is a bit cheaper
Get the Energy newsletter
Daily energy & climate — solar, EVs, oil, the policy fights and tech bets shaping the transition. Free.
- Equinox EV lease prices surged in June, with the base FWD LT1 jumping from $269/month (39 months, April) to $554/month for the same terms — more than doubling the monthly payment
- Chevy cut the Equinox EV's April $10,000 discount (20% off) down to just $1,000 in cash allowance on select trims, and the 0% APR for 60 months offer became 2.9% APR for 36 months
- The 2026 Equinox EV LT2 now leases at $529/month for 36 months with $4,729 due at signing — an effective $650/month
- 2027 Chevy Bolt EV leases dropped to $411/month (39 months) for Costco members via a new $1,000 incentive ($1,250 for executive members), undercutting the Equinox by $143/month
- Hyundai IONIQ 5 remains the standout deal per the source, with a $7,000 discount and 24-month leases starting at $259/month ($425 effective with $3,999 down)
- Tesla Model Y undercuts the Equinox EV this month, starting at $459/month for 36 months with $4,155 due at signing
- Equinox EV delivers up to 319 miles of range and 102 cubic feet of passenger volume; the Bolt offers 262 miles and 96.6 cubic feet, and only the Equinox is available with AWD
Why it matters: Budget-conscious EV shoppers who were waiting for the Equinox's deep April discounts now face a base lease of $554/month — roughly double — and the source explicitly notes the Tesla Model Y undercuts it. The new $1,000 Costco Bolt incentive only applies to the smaller, 262-mile vehicle, leaving consumers wanting range, interior space, and AWD with no affordable option left on Chevy's lot.
