Chevrolet Equinox EV vs Tesla Model Y: cost to own

Verdict, over 6 years

The Chevrolet Equinox EV costs about $7,437 less

That's $103 a month. Closest matching trims: same fuel and drive where possible.

Equinox EV LT FWD✓ $1,115/moTrue cost

Model Y Rear-Wheel Drive$1,219/moTrue cost

2026 Chevrolet Equinox EV

Closest matching trim: Equinox EV LT FWD

Sticker (MSRP)$46,199

+$4,897→↓Freight, fees, HST

Drive away$51,096

+ running costs→↓− $15,975 resale

True cost$1,115/moA month to own, after resale

2026 Tesla Model Y

Closest matching trim: Model Y Rear-Wheel Drive

Sticker (MSRP)$49,990

+$4,771→↓Freight, fees, HST

Drive away$54,761

+ running costs→↓− $17,016 resale

True cost$1,219/moA month to own, after resale

Line by line


Price
Sticker (MSRP)	✓ $46,199	$49,990	Equinox EV by $3,791
Freight and fees, before tax	$3,444	✓ $2,896	Model Y by $548
Sales tax (HST)	✓ $6,454	$6,875	Equinox EV by $421
EV rebate	−$5,000	−$5,000	—
Drive-away price	✓ $51,096	$54,761	Equinox EV by $3,665
Running costs, 6 years
Fuel or charging	$3,245	✓ $2,590	Model Y by $655
Insurance (estimate)	✓ $14,121	$19,862	Equinox EV by $5,741
Maintenance (estimate)	$7,433	✓ $5,682	Model Y by $1,751
Loan rate	6.5%	6.5%	—
Loan interest	✓ $9,695	$10,466	Equinox EV by $771
Lost return on your money	✓ $10,594	$11,301	Equinox EV by $707
Resale after 6 yrs	−$15,975	✓ −$17,016	Model Y by $1,041
Total
True cost	✓ $80,300	$87,737	Equinox EV by $7,437
True cost a month	✓ $1,115/mo	$1,219/mo	Equinox EV by $104
You pay each month	✓ $1,121/mo	$1,228/mo	Equinox EV by $107
Practical
Fuel type	Electric	Electric	—
Seats	5	5	—
Carry-ons, 2 people	6	Not published	—
Towing, lb	1,500	—	—
Cargo behind row 2, litres	748	Not published	—
Range, km (winter about 70%)	✓ 513 (359)	463 (324)	—
Length	4.84 m	—	—
Ground clearance	16 cm	—	—
Resale % after 6 yrs	✓ 35%	34%	—
US crash test	5★	5★	—
European crash test	—	✓ 5★ (2025)	—

Price

Sticker (MSRP)

Equinox EV LT FWD ✓ $46,199Model Y Rear-Wheel Drive $49,990Cheaper by Equinox EV by $3,791

Freight and fees, before tax

Equinox EV LT FWD $3,444Model Y Rear-Wheel Drive ✓ $2,896Cheaper by Model Y by $548

Sales tax (HST)

Equinox EV LT FWD ✓ $6,454Model Y Rear-Wheel Drive $6,875Cheaper by Equinox EV by $421

EV rebate

Equinox EV LT FWD −$5,000Model Y Rear-Wheel Drive −$5,000Cheaper by —

Drive-away price

Equinox EV LT FWD ✓ $51,096Model Y Rear-Wheel Drive $54,761Cheaper by Equinox EV by $3,665

Running costs, 6 years

Fuel or charging

Equinox EV LT FWD $3,245Model Y Rear-Wheel Drive ✓ $2,590Cheaper by Model Y by $655

Insurance (estimate)

Equinox EV LT FWD ✓ $14,121Model Y Rear-Wheel Drive $19,862Cheaper by Equinox EV by $5,741

Maintenance (estimate)

Equinox EV LT FWD $7,433Model Y Rear-Wheel Drive ✓ $5,682Cheaper by Model Y by $1,751

Loan rate

Equinox EV LT FWD 6.5%Model Y Rear-Wheel Drive 6.5%Cheaper by —

Loan interest

Equinox EV LT FWD ✓ $9,695Model Y Rear-Wheel Drive $10,466Cheaper by Equinox EV by $771

Lost return on your money

Equinox EV LT FWD ✓ $10,594Model Y Rear-Wheel Drive $11,301Cheaper by Equinox EV by $707

Resale after 6 yrs

Equinox EV LT FWD −$15,975Model Y Rear-Wheel Drive ✓ −$17,016Cheaper by Model Y by $1,041

Total

True cost

Equinox EV LT FWD ✓ $80,300Model Y Rear-Wheel Drive $87,737Cheaper by Equinox EV by $7,437

True cost a month

Equinox EV LT FWD ✓ $1,115/moModel Y Rear-Wheel Drive $1,219/moCheaper by Equinox EV by $104

You pay each month

Equinox EV LT FWD ✓ $1,121/moModel Y Rear-Wheel Drive $1,228/moCheaper by Equinox EV by $107

Practical

Fuel type

Equinox EV LT FWD ElectricModel Y Rear-Wheel Drive ElectricCheaper by —

Seats

Equinox EV LT FWD 5Model Y Rear-Wheel Drive 5Cheaper by —

Carry-ons, 2 people

Equinox EV LT FWD 6Model Y Rear-Wheel Drive Not publishedCheaper by —

Towing, lb

Equinox EV LT FWD 1,500Model Y Rear-Wheel Drive —Cheaper by —

Cargo behind row 2, litres

Equinox EV LT FWD 748Model Y Rear-Wheel Drive Not publishedCheaper by —

Range, km (winter about 70%)

Equinox EV LT FWD ✓ 513 (359)Model Y Rear-Wheel Drive 463 (324)Cheaper by —

Length

Equinox EV LT FWD 4.84 mModel Y Rear-Wheel Drive —Cheaper by —

Ground clearance

Equinox EV LT FWD 16 cmModel Y Rear-Wheel Drive —Cheaper by —

Resale % after 6 yrs

Equinox EV LT FWD ✓ 35%Model Y Rear-Wheel Drive 34%Cheaper by —

US crash test

Equinox EV LT FWD 5★Model Y Rear-Wheel Drive 5★Cheaper by —

European crash test

Equinox EV LT FWD —Model Y Rear-Wheel Drive ✓ 5★ (2025)Cheaper by —

✓ marks the better figure. Resale is from used prices: the Equinox EV typical for its type and brand, the Model Y from its own. Their stickers differ by $3,791.