"Slate Auto's sub-$20,000 electric pickup price tag is threatened by the elimination of federal tax credits under the Trump administration's spending package."
"Slate Auto's minimalist design aimed to offer a low-cost electric truck with a base model featuring just essential components, requiring further add-ons for additional features."
Slate Auto's ambition to launch an electric pickup truck priced under $20,000 faces obstacles following the Trump administration's spending package, which removes crucial federal tax credits. These credits were integral to achieving the low price point for their minimalist EV truck. This vehicle aimed to provide a no-frills experience, allowing customers to customize their truck with add-ons. Despite achieving significant interest with over 100,000 reservations shortly after its unveiling, the company now faces challenges to maintain competitive pricing in a market with other EVs becoming available at lower costs.
Read at InsideEVs
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