Chevrolet Equinox EV LT vs Toyota RAV4 Hybrid LE: 5-year cost to own in New York

Q: Is the Chevrolet Equinox EV LT or the Toyota RAV4 Hybrid LE cheaper to own over 5 years in New York?

The Toyota RAV4 Hybrid LE stays the cheaper car to own — about $38,606 vs $52,076 for the Chevrolet Equinox EV LT, a $13,470 difference over 5 years.

Q: How much more does the Chevrolet Equinox EV LT cost to buy than the Toyota RAV4 Hybrid LE?

The Chevrolet Equinox EV LT starts at $34,995 — $3,095 more than the Toyota RAV4 Hybrid LE ($31,900). Over 5 years the ownership gap is $13,470 in favor of the Toyota RAV4 Hybrid LE.

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

The Toyota RAV4 Hybrid LE: $0.64 vs $0.87 per mile all-in ($643 vs $868 per month) in New York.

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 New York, the Toyota RAV4 Hybrid LE stays the cheaper car to own — about $38,606 vs $52,076 for the Chevrolet Equinox EV LT, a $13,470 difference over 5 years. New York's electricity (29.4¢/kWh, 56% above the U.S. average) and $4.12/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 · New YorkToyota RAV4 Hybrid LE · $38,606 total · $13,470 less than the Chevrolet Equinox EV LT

Chevrolet Equinox EV LT vs Toyota RAV4 Hybrid LE — 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	Hybrid · Toyota RAV4 Hybrid LE
Depreciation (estimated)	$20,997 (40%)	$11,165 (29%)
Charging / fuel	$7,570 (15%)	$5,745 (15%)
↳ of which charging loss	12% (~$908)	—
Maintenance	$3,660 (7%)	$4,680 (12%)
Insurance	$13,750 (26%)	$11,500 (30%)
Financing interest	$6,017 (12%)	$5,435 (14%)
Registration & fees	$81 (0%)	$81 (0%)
Total cost of ownership	$52,076	$38,606

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 Hybrid LE 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 Hybrid LE, side by side

Electric

Chevrolet Equinox EV LT

5-yr total cost: $52,076
Cost / month: $868
Cost / mile: $0.87
MSRP: $34,995
Powertrain: Electric
Efficiency: 29 kWh/100mi

Hybrid Lower 5-yr cost

Toyota RAV4 Hybrid LE

5-yr total cost: $38,606
Cost / month: $643
Cost / mile: $0.64
MSRP: $31,900
Powertrain: Hybrid
Efficiency: 43 mpg

New York electricity: 29.4¢/kWh EIA
Gas price (New York): $4.12/gal AAA

Change the miles, your state & either car

Full cost breakdowns

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

FAQ

Is the Chevrolet Equinox EV LT or the Toyota RAV4 Hybrid LE cheaper to own over 5 years in New York?

The Toyota RAV4 Hybrid LE stays the cheaper car to own — about $38,606 vs $52,076 for the Chevrolet Equinox EV LT, a $13,470 difference over 5 years.

When does the Chevrolet Equinox EV LT become cheaper than the Toyota RAV4 Hybrid LE?

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

The Chevrolet Equinox EV LT starts at $34,995 — $3,095 more than the Toyota RAV4 Hybrid LE ($31,900). Over 5 years the ownership gap is $13,470 in favor of the Toyota RAV4 Hybrid LE.

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

The Toyota RAV4 Hybrid LE: $0.64 vs $0.87 per mile all-in ($643 vs $868 per month) in New York.