Chevrolet confirmed Monday evening that its upcoming electric crossover, the 2025 Chevrolet Equinox EV will start at $34,995 including destination, and before any applicable tax credits. It also confirmed that deliveries will begin in 2024 and order banks will open the first week of November.

Chevy had previously quoted the starting price of the Equinox EV “around $30,000,” with GM President Mark Reuss saying it would start in the “low $30,000s” exactly a year ago. As the EV inches closer to production, that figure has now changed to $35k for the most basic, front-wheel-drive model.

A spokesperson also specified that the Equinox EVs that’ll go into production in 2024 will be well-equipped, all-wheel-drive models around $48,995 to $52,395. Once those units are built and delivered, production of the basic models closer to the starting price will commence in 2025.

The Equinox EV promises up to 319 miles of driving range, though that figure is estimated by GM and not tested by the EPA just yet. The sporty-looking crossover will ride in GM’s Ultium platform.

When asked about the decreasing demand for EVs given the current economic and manufacturing climate, a GM spokesperson said that they are “closely monitoring the situation” and that the automaker feels confident that it’s delivering on the three most important fronts for EV buyers, “design, range, and value.”

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