What is the evidence that P could equal NP?
This is a rather strange question to ask, given that a large majority of complexity theorists believe that P is different from NP. All the evidence we have points at P being different from NP, which is why most people believe that P doesn't equal NP.

It's like asking a climate scientist for the evidence that there is no connection between global warming and greenhouse gasses. The main difference is the standard of proof involved. The climate scientist is content with trying to convince you that there is strong evidence for anthropogenic global warming. The complexity theorist's goal is a proof, and she would not settle for less.

That said, much of complexity theory tacitly relies upon P being different from NP: if P were to equal NP, many of the results would be meaningless. Officially, such results are stated as "if P$\neq$NP then X" (such results are known as conditional results). However, the perceived semantics is simply "X holds". 

Sometimes the results need a strong assumption, "if A then X", for various different As. The weaker the A, the stronger the result. Some of the assumptions A don't enjoy widespread acceptance, for example the Unique Games Conjecture. Others are considered pretty likely, such as the (Strong) Exponential Time Hypothesis. All of these are stronger assumption than P$\neq$NP (that is, they imply that P$\neq$NP).