General Motors said it plans to release an electric Chevrolet SUV priced around $30,000, targeting cost-conscious buyers as prices soar on other plug-in models.

The electric Chevy Equinox will go on sale in fall 2023 and have a top driving range of 300 miles on a single charge, GM said Thursday. The gas-powered Equinox, a compact SUV, is GM’s No. 2 seller in the U.S. behind the Chevy Silverado pickup truck.

This post first appeared on wsj.com

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