The Chevy Equinox EV continues to establish itself as one of the most affordable electric vehicles on the Canadian market. For the month of February, Chevrolet is offering an unbeatable 20% discount, making the Equinox EV an even more attractive option for Canadian drivers seeking eco-friendly transportation.
As the 2027 model year approaches, the 2026 Chevy Equinox EV is available at an exceptional price this month. Following a $5,000 discount offered in January, Chevy has doubled down with an impressive $10,000 in total cash allowance for February.
This discount brings the 2026 Equinox EV RS down to $35,895, a full 20% below its $45,895 MSRP. The deal comprises $8,750 in customer cash, along with an additional $1,250 conquest cash for those who lease a 2021 model year or newer vehicle or own a 2012 model year or newer non-GM vehicle.
While the maximum $10,000 discount applies only to the RS trim, Chevrolet has also increased savings on other models: the LT 1 receives $6,500 off, and the LT 2 gets $8,000 off.
With a $6,500 customer cash discount, the 2026 Chevy Equinox EV LT 1 FWD is now available for just $30,295. This positions the Equinox EV slightly above the 2027 Bolt EV, which starts at $28,595, but it remains one of the most affordable electric vehicles on the Canadian market, comparable to the Nissan LEAF.
The 2026 Chevy Equinox EV LT 1 (FWD) boasts an impressive up to 519 kilometres of range, outperforming the 2027 Bolt EV with 336 kilometres and the Nissan LEAF with 387 kilometres.
In terms of interior space, the Equinox EV offers up to 260 litres of total passenger volume, providing more room than the Bolt with 244 litres and the LEAF with 233 litres.
The Equinox EV features a massive 17.7-inch touchscreen infotainment system, the largest in its class. This surpasses the Bolt’s 11.3-inch screen and the LEAF’s standard 12.3-inch display (with higher trims offering a 14.3-inch screen).
While the Hyundai IONIQ 5 and Tesla Model Y offer more cargo space and performance, the Equinox EV beats them on price. The 2026 Hyundai IONIQ 5 SE RWD Standard Range starts at $35,000, with the SE RWD trim beginning at $37,500. The Tesla Model Y RWD starts at $39,990.
Canadian buyers can maximise their savings through various iZEV incentives and provincial rebates. For example, Ontario residents may qualify for up to $4,000 through the Ontario EV Incentive Program (OEVIP), while Quebec offers up to $4,000 through the RÉVE Program. These rebates, combined with Chevrolet’s current discounts, can significantly lower the final purchase price.
Hyundai is offering 2026 IONIQ 5 leases starting at $259 for 24 months, with $3,999 due at signing for the standard range model. The SE RWD trim is available to lease for $269 per month.
In comparison, the 2026 Chevy Equinox EV LT 1 FWD can be leased for $380 a month for 24 months, with $3,999 due at signing. For those opting to purchase, Chevrolet offers 0% APR financing plus an extra $1,250 purchase allowance for owners or leasers of 2012 model year or newer non-GM vehicles.
One satisfied Canadian customer purchased a 2026 Chevy Equinox EV LT 1 FWD for $26,000 plus taxes in December, praising its smooth ride and integrated Google services, which are free for 8 years. This customer noted that they haven’t missed having Android Auto or CarPlay, finding the integrated Google system sufficient.
While GM promotes the Chevy Equinox EV as “Canada’s most affordable 515+ kilometre range EV,” the Hyundai IONIQ 5 may offer a better leasing deal this month. However, the Equinox EV’s combination of affordability, range, space, and advanced tech makes it a compelling choice for Canadian drivers.
Some of these offers are regional, so it’s essential to check for availability and specifics in your area. Use the links below to view local deals and find available models closest to you.
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