GM President Mark Reuss recently announced that Chevy will be launching some cheap EVs soon.

"That word comes directly from GM President Mark Reuss. Speaking during GM's investor day presentation, he specifically referenced an electrified version of the Chevrolet Equinox, GM's second-best-selling vehicle behind the Silverado. Moreover, he said the Equinox EV would have a $30,000 price tag, which would place it on the lower end of the Equinox family. No other information was offered, but any version of the Equinox with electric power is a big deal considering the only other electric option for GM buyers at the moment is the subcompact Bolt.

The Chevrolet Blazer was also singled out for a dedicated electric version. It's not quite as popular as the Equinox, but with 94,599 units sold last year it has no shortage of buyers. Price wasn't mentioned for a Blazer EV, but Reuss also mentioned a new as-yet-unnamed entry-level Chevrolet EV. Presumably, that means something in the $20,000 range as the Bolt starts at $31,000."