Chevrolet is developing a second-generation Equinox EV targeting a 2029 launch, according to reports. The redesigned compact electric SUV will ride on a new platform, representing a substantial evolution from the current generation that debuted for the 2024 model year.
The timing reflects GM's strategy to refresh its EV lineup within a five-year window. The original Equinox EV, priced starting around $35,000, established itself as a direct competitor to the Tesla Model Y and Ford Mustang Mach-E by offering mainstream pricing without sacrificing range or performance. A next-generation version arriving in 2029 positions Chevrolet to capitalize on what will be an expanded EV market by then, while also allowing engineers to integrate advances in battery chemistry, electric motor efficiency, and autonomous driving technology.
The new platform matters. Rather than stretching the current Ultium architecture, a fresh platform suggests Chevrolet aims to improve cost efficiency, boost range, or reduce weight. This approach mirrors industry-wide trends where manufacturers use platform refreshes to implement manufacturing efficiencies and meet stricter emissions regulations worldwide.
Competitors won't stand still. Tesla continues refining the Model Y, which maintains price and performance leadership. Ford's Mustang Mach-E gets regular updates. Hyundai's Ioniq 5 and Kia EV6 set benchmarks for design and technology. By 2029, the compact EV segment will feature models from Genesis, Volkswagen, and Chinese manufacturers like BYD and Li Auto pushing into North American markets.
For consumers, this development cycle matters less than what ships in 2029. The next Equinox EV must deliver improved efficiency to extend range, faster charging speeds, and the infotainment features buyers now expect standard. Chevrolet