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In a nutshell: Slate Auto, the EV startup that promised to make an all-American electrical pickup and promote it below $20,000, will not be inserting the car in that worth bracket. The rise is due to Donald Trump’s One Massive, Stunning Invoice Act, which can finish federal EV tax credit in September.
There’s been loads of pleasure surrounding the Slate Truck, the primary car from the Jeff Bezos-backed Slate Auto. Due to its no-frills design, together with plastic physique panels, an absence of touchscreen, radio, or Bluetooth, and different stripped-down components, it was set to reach with a sub-$20,000 worth.
Nevertheless, the truck’s low promoting level included the applying of the $7,500 federal EV tax credit score to its worth. Sadly for patrons, Trump’s invoice, which is being signed into regulation later at this time, will trigger the motivation to finish in September.
Slate Auto has up to date its website to mirror the change. It now reveals the truck with an anticipated worth of “mid-twenties,” indicating that it hasn’t settled on an actual worth but.
Slate was ready for this occasion. It had at all times included the warning that the truck’s base mannequin could be dearer than $20,000 as federal incentives have been “topic to alter.”
Manufacture of the truck will not begin till the tip of 2026 on the earliest. The corporate is highlighting the quite a few customization choices out there, corresponding to battery capacites, pre-installed equipment like wraps, and improve kits that convert the truck into an SUV – it is attainable that few prospects have been intending to purchase the most cost effective base mannequin.
Like Tesla, Slate is utilizing a direct-to-consumer mannequin for gross sales of its truck. There is no such thing as a dealership community; prospects can preorder one on-line for a $50 deposit and choose it up at regional facilities or go for house supply at an extra value.
ELON NEVER WANTED AN EV MANDATE OR SUBSIDIES
Elon’s opposition to the ‘One Massive Stunning Invoice’ has by no means been about its removing of EV tax credit or the EV mandate, it is merely about his passionate opposition to rising authorities debt.
He knew on the time he endorsed Trump that… https://t.co/nsZTRrDmSZ pic.twitter.com/yC2ZfHQSjA
– Mario Nawfal (@MarioNawfal) July 1, 2025
The One Massive, Stunning Invoice Act is the rationale behind the public fallout between Elon Musk and Donald Trump. Musk says his opposition to the invoice is not associated to it ending EV tax credit; he says it is over his opposition to rising authorities debt, which it’s anticipated to extend by $3.3 trillion.
