Slate Auto, an electric vehicle startup backed by Jeff Bezos, has ceased promoting its pickup truck price of "under $20,000" due to the ending of the federal EV tax credit. The tax cut bill is anticipated to become law soon, ending the $7,500 incentive that was integral to the company’s pricing strategy. Slate has not specified the new price without the credit, and their truck production won’t start until late 2026. The company aims to create an affordable, customizable electric vehicle to address high car prices in the industry.
"The auto industry has driven prices to a place that most Americans simply can't afford. But we're here to change that."
"We are building the affordable vehicle that has long been promised but never been delivered."
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