Chevrolet has announced pricing details for the 2022 Equinox and while its starting price is now $2,000 higher, there’s a good reason for that.

Kicking off the 2022 Chevrolet Equinox range is the LS model that fills the void left behind by the old Equinox L. It starts at $26,995 and while that is $2,000 more than the L, it is actually $600 less than a 2021 Equinox LS.

Read Also: GM To Idle Production Of Its Second Best-Selling U.S. Model For Two Whole Months

Those looking for an Equinox with slightly more features can opt for the LT, now priced at $28,095, or $700 less than the 2021 LT. Similarly, the starting price of the flagship Equinox Premier has dropped by $500 to $32,195. Those who want an all-wheel drive system can upgrade for $1,600. New to the 2022 Chevrolet Equinox family is the RS model that starts at $31,295.

Chevrolet originally planned to launch the updated Equinox for the 2021 model year but delayed it until 2022 because of the coronavirus pandemic.

All variants of the 2022 Equinox come standard with a turbocharged 1.5-liter inline-four producing 170 hp and 203 lb-ft (275 Nm). Previous model year Equinox models were also available with a turbocharged 2.0-liter four-cylinder but it has been dropped from the line-up.

With that being said, there is speculation that the facelifted Equinox will, at some stage, be offered with the same 2.0-liter turbo four LSY engine as the Cadillac XT4. This powertrain produces 237 hp and 258 lb-ft (349 Nm) of torque and could be available for the 2023 model.