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Slate Auto, a startup supported by Jeff Bezos, has decided to change its marketing approach for its upcoming pickup truck, dropping the “under $20,000” price tag after the Trump administration’s tax cut bill ended the federal EV tax credit. This move has raised questions about the company’s ability to deliver an affordable electric vehicle as promised.
The Impact of the Tax Credit Cut
Initially, Slate Auto heavily promoted that its all-electric pickup would start at “under $20,000” with the help of the $7,500 federal EV tax credit. However, with the imminent end of this credit, the company is facing challenges in maintaining this price point.
The Future of Slate Auto
With the uncertainty surrounding the actual starting price of the electric vehicle without the tax credit, Slate Auto’s plans to start production by the end of 2026 may be affected. Additionally, the company’s focus on customization may limit the demand for the base model, further complicating its pricing strategy.
“We are building the affordable vehicle that has long been promised but never been delivered,” CEO Chris Barman emphasized, highlighting the company’s commitment to offering an affordable electric vehicle in a market dominated by high prices.
