2024 Jeep Wagoneer EV Costs $25k More Than Model Y

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Automotive Editor

Based out of the Washington, D.C. area, Joel Patel is an automotive journalist that hails from Northern Virginia. His work has been featured on various automotive outlets, including Autoweek, Digital Trends, and Autoblog. When not writing about cars, Joel enjoys trying new foods, wrenching on his car, and watching horror movies. 

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, Automotive Editor - June 6, 2024
2024 Jeep Wagoneer S EV

The iconic Jeep brand has finally entered the all-electric scene with the arrival of the 2024 Jeep Wagoneer S EV. While the electric SUV shares the same name as Jeep’s largest and most luxurious SUV, it’s smaller than the midsize Grand Cherokee, putting it in the same segment as the incredibly popular Tesla Model Y. Unfortunately, the new Wagoneer S EV is a lot more expensive than the Model Y.

At the moment, Jeep has only announced one trim for the 2025 Wagoneer S EV – the Launch Edition. Pricing for the model starts at $71,995 with destination. That makes the all-electric Jeep $25,615 more than the base Model Y which starts at $46,380. It’s a hefty price difference that may have some shoppers scratching their heads in seeing the value behind Jeep’s EV.

This, though, isn’t an apples-to-apples comparison since the 2024 Jeep Wagoneer S EV delivers a lot more performance than the base Model Y. For a more appropriate comparison, you’ll have to move up to the Model Y Performance and add Full Self-Driving Capability for $8,000. When you do that, the price of a comparable Model Y costs $60,880. That’s still $11,115 less than the Jeep.

The Tesla Model Y, though is eligible for a $7,500 federal tax credit for eligible shoppers who purchase a model. According to The Detroit News, Wagoneer S EV will be eligible for half of the federal tax credit, or $3,750, when shoppers purchase a model and $7,500 when leased. That alone could have shoppers look to purchase the Tesla instead of the Jeep.

Tesla Model Y

While the 2024 Wagoneer S EV doesn’t have the same strong value as other EVs in the class, it looks like an impressive SUV. It comes with dual electric motors that make a combined 600 horsepower and 617 pound-feet of torque. Jeep claims the SUV can get to 60 mph in 3.4 seconds, which is on par with the Model Y Performance. A standard 100-kWh battery pack brings more than 300 miles of range and can go from 20% to 80% charged in 23 minutes.

The 2024 Jeep Wagoneer S EV’s performance is impressive, but its tech features are even more noteworthy. The SUV comes with a total of 45 inches of screen space that includes a 12.3-inch digital instrument cluster, a 10.25-inch passenger screen, and a 12-inch center display. The SUV also has a lower screen instead of physical controls at the bottom of the center console.

We expect Jeep to introduce more affordable versions of the Wagoneer S, though they could have less performance, less range, and fewer tech features. Time will tell, but at the moment, the 2024 Jeep Wagoneer S EV Launch Edition looks like it’s going to be one of the most expensive options in the segment.

Pictured: 2024 Jeep Wagoneer S (Top), Tesla Model Y (Middle)

Source: The Detroit News

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, Automotive Editor

Based out of the Washington, D.C. area, Joel Patel is an automotive journalist that hails from Northern Virginia. His work has been featured on various automotive outlets, including Autoweek, Digital Trends, and Autoblog. When not writing about cars, Joel enjoys trying new foods, wrenching on his car, and watching horror movies. 

Follow On: Twitter

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