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

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

The Toyota RAV4 LE (gas) stays the cheaper car to own — about $40,486 vs $51,325 for the Chevrolet Equinox EV LT, a $10,839 difference over 5 years.

Q: 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 $10,839 in favor of the Toyota RAV4 LE (gas).

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

The Toyota RAV4 LE (gas): $0.68 vs $0.86 per mile all-in ($675 vs $855 per month) in Maryland.

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 Maryland, the Toyota RAV4 LE (gas) stays the cheaper car to own — about $40,486 vs $51,325 for the Chevrolet Equinox EV LT, a $10,839 difference over 5 years. Maryland's electricity (22.1¢/kWh, 17% above the U.S. average) and $3.74/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 · MarylandToyota RAV4 LE (gas) · $40,486 total · $10,839 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 component	Electric · Chevrolet Equinox EV LT	Gas · Toyota RAV4 LE
Depreciation (estimated)	$20,997 (41%)	$10,800 (27%)
Charging / fuel	$5,673 (11%)	$7,486 (18%)
↳ of which charging loss	12% (~$681)	—
Maintenance	$3,660 (7%)	$5,520 (14%)
Insurance	$13,750 (27%)	$11,000 (27%)
Financing interest	$6,017 (12%)	$5,078 (13%)
Registration & fees	$1,228 (2%)	$603 (1%)
Total cost of ownership	$51,325	$40,486

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: $51,325
Cost / month: $855
Cost / mile: $0.86
MSRP: $34,995
Powertrain: Electric
Efficiency: 29 kWh/100mi

Gas Lower 5-yr cost

Toyota RAV4 LE (gas)

5-yr total cost: $40,486
Cost / month: $675
Cost / mile: $0.68
MSRP: $30,000
Powertrain: Gas
Efficiency: 30 mpg

Maryland electricity: 22.1¢/kWh EIA
Gas price (Maryland): $3.74/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 Maryland?

The Toyota RAV4 LE (gas) stays the cheaper car to own — about $40,486 vs $51,325 for the Chevrolet Equinox EV LT, a $10,839 difference over 5 years.

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

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 $10,839 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 $0.86 per mile all-in ($675 vs $855 per month) in Maryland.