Slate announced its first electric vehicle, a utilitarian pickup truck expected to cost under $20,000 after the federal tax credit. The startupâs choice of nickel-manganese-cobalt batteries over less expensive lithium-iron-phosphate is strategic, addressing supply chain challenges to comply with tax credit regulations. As Slate prepares to begin production in late 2026, it must overcome hurdles faced by previous EV startups. The company aims to tap into the domestic production incentives while offering a bare-bones truck that meets customer needs.
Slate's innovative electric pickup truck, priced under $20,000 with tax credits, aims to navigate the challenges of affordable EV production and supply chain limitations.
CEO Chris Barman emphasized the choice of nickel-manganese-cobalt batteries over cheaper lithium-iron-phosphate ones, aligning with supply chain requirements for federal tax credit.
#electric-vehicles #affordable-ev #ev-manufacturing #nickel-manganese-cobalt-batteries #federal-tax-credit
Collection
[
|
...
]