Slate Auto, an electric vehicle startup backed by Jeff Bezos, has stopped publicity and the upcoming pickup truck will start “below $20,000” after President Trump’s tax cut bill passes. The bill is expected to be signed into law by Trump on July 4, which will result in the end of the federal electric vehicle tax credit in September, a $7,500 incentive that Slate notes to help its fully electric pickup to clear the trademark.
When the Slate appeared invisible mode in April, the startup promoted it vigorously, with its all-electric pickup truck starting at a rate of “$20,000 under $20,000” and starting with a $7,500 federal electric vehicle tax credit. According to the Web Archives data, the language is still on yesterday’s website.
The change is a potential blow to the young company building a substantial affordable electric vehicle.
Slate didn’t offer precise prices for electric vehicles at its launch; it hasn’t said what the actual starting price of its vehicles is yet to be said, sans-credit. A slate spokesman declined to comment on the change.
The company didn’t start manufacturing trucks until the end of 2026. Slate’s business is also designed to make the car highly customizable, meaning few people will buy the basic model.
Prices of less than $20,000 are a major attraction for the company’s products, a major focus after the launch event in April.
Chief Commercial Officer Jeremy Snyder said at the event that the automotive industry “pushed prices to places that most Americans can’t afford.” “But we’ve changed that here.”
CEO Chris Barman added at the time: “We are building affordable vehicles that have long been promised but have never been delivered.”
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