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

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

The Toyota RAV4 Hybrid LE stays the cheaper car to own — about $38,238 vs $52,849 for the Chevrolet Equinox EV LT, a $14,611 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 $14,611 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 $0.88 per mile all-in ($637 vs $881 per month) in Rhode Island.

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 Rhode Island, the Toyota RAV4 Hybrid LE stays the cheaper car to own — about $38,238 vs $52,849 for the Chevrolet Equinox EV LT, a $14,611 difference over 5 years. Rhode Island's electricity (28.3¢/kWh, 50% above the U.S. average) and $3.80/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 · Rhode IslandToyota RAV4 Hybrid LE · $38,238 total · $14,611 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	$7,274 (14%)	$5,308 (14%)
↳ of which charging loss	12% (~$873)	—
Maintenance	$3,660 (7%)	$4,680 (12%)
Insurance	$13,750 (26%)	$11,500 (30%)
Financing interest	$6,017 (11%)	$5,435 (14%)
Registration & fees	$1,150 (2%)	$150 (0%)
Total cost of ownership	$52,849	$38,238

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: $52,849
Cost / month: $881
Cost / mile: $0.88
MSRP: $34,995
Powertrain: Electric
Efficiency: 29 kWh/100mi

Hybrid Lower 5-yr cost

Toyota RAV4 Hybrid LE

5-yr total cost: $38,238
Cost / month: $637
Cost / mile: $0.64
MSRP: $31,900
Powertrain: Hybrid
Efficiency: 43 mpg

Rhode Island electricity: 28.3¢/kWh EIA
Gas price (Rhode Island): $3.80/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 Rhode Island?

The Toyota RAV4 Hybrid LE stays the cheaper car to own — about $38,238 vs $52,849 for the Chevrolet Equinox EV LT, a $14,611 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 $14,611 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 $0.88 per mile all-in ($637 vs $881 per month) in Rhode Island.