Chevrolet Equinox EV (LT FWD) vs Toyota RAV4 (Hybrid LE AWD): 5-year cost to own (Canada)
Over 5 years in Canada (15,000 km/yr), as of July 1, 2026, the Toyota RAV4 (Hybrid LE AWD) stays the cheaper car to own — about $48,042 vs $57,851 for the Chevrolet Equinox EV (LT FWD), a $9,809 difference over 5 years.
Canada EVAP: up to $5,000 off an eligible new EV ($2,500 PHEV); Quebec / BC may add more. Shown for reference; not in the totals above. Source: Transport Canada.
Cheaper to own over 5 years · CanadaToyota RAV4 (Hybrid LE AWD) · $48,042 total · $9,809 less than the Chevrolet Equinox EV (LT FWD)
Chevrolet Equinox EV (LT FWD) vs Toyota RAV4 (Hybrid LE AWD) — where the money goes
| Cost component | Electric · Chevrolet Equinox EV | Hybrid · Toyota RAV4 |
|---|---|---|
| Depreciation (estimated) | $26,796 (46%) | $18,000 (37%) |
| Charging / fuel | $3,528 (6%) | $6,804 (14%) |
| ↳ of which charging loss | 12% (~$423) | — |
| Maintenance | $3,248 (6%) | $4,500 (9%) |
| Insurance | $15,655 (27%) | $11,750 (24%) |
| Financing interest | $8,125 (14%) | $6,488 (14%) |
| Registration & fees | $500 (1%) | $500 (1%) |
| Total cost of ownership | $57,851 | $48,042 |
When does the Chevrolet Equinox EV (LT FWD) win?
Even at high mileage or a long hold, the Toyota RAV4 (Hybrid LE AWD) stays cheaper here — its lower price and slower depreciation dominate. The Chevrolet Equinox EV (LT FWD) is the pick mainly for reasons beyond 5-year cost.
Chevrolet Equinox EV (LT FWD) vs Toyota RAV4 (Hybrid LE AWD), side by side
Electric
Chevrolet Equinox EV (LT FWD)
- 5-yr total cost
- $57,851
- Cost / month
- $964
- Cost / km
- $0.77
- Starting price
- $46,200
- Powertrain
- Electric
- Efficiency
- 19.3 kWh/100km
Hybrid
Lower 5-yr cost
Toyota RAV4 (Hybrid LE AWD)
- 5-yr total cost
- $48,042
- Cost / month
- $801
- Cost / km
- $0.64
- Starting price
- $37,500
- Powertrain
- Hybrid
- Efficiency
- 5.4 L/100km
- Canada electricity
- 16.50c/kWh provincial utilities
- Gasoline (Canada)
- $1.68/L CAA
FAQ
Is the Chevrolet Equinox EV (LT FWD) or the Toyota RAV4 (Hybrid LE AWD) cheaper to own over 5 years in Canada?
The Toyota RAV4 (Hybrid LE AWD) stays the cheaper car to own — about $48,042 vs $57,851 for the Chevrolet Equinox EV (LT FWD), a $9,809 difference over 5 years.
When does the Chevrolet Equinox EV (LT FWD) become cheaper than the Toyota RAV4 (Hybrid LE AWD)?
Even at high mileage or a long hold, the Toyota RAV4 (Hybrid LE AWD) stays cheaper here — its lower price and slower depreciation dominate. The Chevrolet Equinox EV (LT FWD) is the pick mainly for reasons beyond 5-year cost.
How much more does the Chevrolet Equinox EV (LT FWD) cost to buy than the Toyota RAV4 (Hybrid LE AWD)?
The Chevrolet Equinox EV (LT FWD) starts at $46,200 — $8,700 more than the Toyota RAV4 (Hybrid LE AWD) ($37,500). Over 5 years the ownership gap is $9,809 in favour of the Toyota RAV4 (Hybrid LE AWD).
Which costs less per km — the Chevrolet Equinox EV (LT FWD) or the Toyota RAV4 (Hybrid LE AWD)?
The Toyota RAV4 (Hybrid LE AWD): $0.64 vs $0.77 per km all-in ($801 vs $964 per month).