The Chevy Equinox EV is now way more expensive to lease, but the Bolt is a bit cheaper

General Motors significantly increased the leasing cost for the Chevrolet Equinox EV this month, a model previously lauded for its affordability and over 315 miles of range. Concurrently, the leasing price for the Chevrolet Bolt EV has seen a slight reduction. The Equinox EV, which launched in late 2023, was positioned as a competitive option in the electric vehicle market, aiming to attract a broader consumer base with its substantial range and accessible price point. The shift in leasing terms for the Equinox EV suggests a recalibration of GM's strategy for its electric offerings, potentially reflecting updated market demand, production costs, or profit margin targets. The Bolt EV, an earlier entrant in GM's EV lineup, continues to be offered, with its adjusted lease pricing potentially making it a more attractive option for budget-conscious buyers seeking an electric vehicle. These adjustments come as the automotive industry navigates evolving consumer preferences and the ongoing transition towards electrification.