EVCostIQ

The EV cost intelligence platform

Chevrolet Equinox EV LT vs Toyota RAV4 LE (gas): 5-year cost to own in Connecticut

By the EVCostIQ research desk · reviewed against our public methodology · every source dated on this page

As of July 1, 2026, over 5 years in Connecticut, the Toyota RAV4 LE (gas) stays the cheaper car to own — about $40,506 vs $52,912 for the Chevrolet Equinox EV LT, a $12,406 difference over 5 years. Connecticut's electricity (32.2¢/kWh, 71% above the U.S. average) and $3.95/gal gas are fed straight into both totals. The expired federal $7,500 EV credit is not applied to either total.

Cheaper to own over 5 years · ConnecticutToyota RAV4 LE (gas) · $40,506 total · $12,406 less than the Chevrolet Equinox EV LT

Chevrolet Equinox EV LT vs Toyota RAV4 LE (gas) — where the money goes

5-year total cost of ownership by component, by vehicle (USD). Estimates; sources dated in the methodology.
Cost componentElectric · Chevrolet Equinox EV LTGas · Toyota RAV4 LE
Depreciation (estimated)$20,997 (40%)$10,800 (27%)
Charging / fuel$8,287 (16%)$7,908 (20%)
↳ of which charging loss12% (~$994)—
Maintenance$3,660 (7%)$5,520 (14%)
Insurance$13,750 (26%)$11,000 (27%)
Financing interest$6,017 (11%)$5,078 (13%)
Registration & fees$200 (0%)$200 (0%)
Total cost of ownership$52,912$40,506

The charging-loss row is the ~10–15% of electricity lost to AC charging that you pay for but never reaches the battery — we include it; most calculators don't.

When does the Chevrolet Equinox EV LT win?

Even at 30,000+ mi/yr or a 15-year hold, the Toyota RAV4 LE (gas) stays cheaper here — its lower price and slower depreciation dominate. The Chevrolet Equinox EV LT is the pick mainly for reasons beyond 5-year cost (performance, emissions, HOV access, home-charging convenience).

Chevrolet Equinox EV LT vs Toyota RAV4 LE (gas), side by side

Electric

Chevrolet Equinox EV LT

5-yr total cost
$52,912
Cost / month
$882
Cost / mile
$0.88
MSRP
$34,995
Powertrain
Electric
Efficiency
29 kWh/100mi
Gas Lower 5-yr cost

Toyota RAV4 LE (gas)

5-yr total cost
$40,506
Cost / month
$675
Cost / mile
$0.68
MSRP
$30,000
Powertrain
Gas
Efficiency
30 mpg
Connecticut electricity
32.2¢/kWh EIA
Gas price (Connecticut)
$3.95/gal AAA

Change the miles, your state & either car

Full cost breakdowns

← Chevrolet Equinox EV LT vs Toyota RAV4 LE (gas) (U.S. average)

FAQ

Is the Chevrolet Equinox EV LT or the Toyota RAV4 LE (gas) cheaper to own over 5 years in Connecticut?

The Toyota RAV4 LE (gas) stays the cheaper car to own — about $40,506 vs $52,912 for the Chevrolet Equinox EV LT, a $12,406 difference over 5 years.

When does the Chevrolet Equinox EV LT become cheaper than the Toyota RAV4 LE (gas)?

Even at 30,000+ mi/yr or a 15-year hold, the Toyota RAV4 LE (gas) stays cheaper here — its lower price and slower depreciation dominate. The Chevrolet Equinox EV LT is the pick mainly for reasons beyond 5-year cost (performance, emissions, HOV access, home-charging convenience).

How much more does the Chevrolet Equinox EV LT cost to buy than the Toyota RAV4 LE (gas)?

The Chevrolet Equinox EV LT starts at $34,995 — $4,995 more than the Toyota RAV4 LE (gas) ($30,000). Over 5 years the ownership gap is $12,406 in favor of the Toyota RAV4 LE (gas).

Which costs less per mile — the Chevrolet Equinox EV LT or the Toyota RAV4 LE (gas)?

The Toyota RAV4 LE (gas): $0.68 vs $0.88 per mile all-in ($675 vs $882 per month) in Connecticut.