Slate Auto has altered the expected pricing of its electric pickup truck, moving from an anticipated cost of under $20,000 to a new estimate in the 'mid-twenties.' This change follows the approval of a tax bill that would eliminate federal electric vehicle incentives, including a $7,500 tax credit, which the company hoped to utilize. The truck, which garnered significant interest with 100,000 reservations in three weeks, remains designed to be customizable despite lacking luxury features, with production slated to begin in Indiana by 2026.
Slate Auto's removal of the "under $20,000" price tag for its electric pickup indicates challenges stemming from the elimination of federal EV incentives, as seen in the recent tax bill.
Originally expected to be priced under $20,000 after federal incentives, Slate's electric truck is now expected to be priced in the 'mid-twenties' range.
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