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Slate Auto's budget EV truck jumps above $20,000 as Trump's bill ends federal tax credits

  • Slate Auto, backed by Jeff Bezos, has updated its website to show its modular electric pickup priced in the mid-twenties, replacing an earlier under $20,000 estimate.
  • This adjustment in pricing comes in response to the upcoming passage of President Donald Trump's Big Beautiful Bill, which will terminate the federal tax incentive of $7,500 for newly manufactured electric vehicles in the United States starting this September.
  • Slate had originally planned a no-frills truck built in Indiana, priced below $20,000 after federal incentives, relying heavily on this subsidy to attract customers with a basic design lacking a radio, touchscreen, and paint.
  • The disappearance of the under $20,000 price tag was reported as recently as Thursday, and Slate cautions the base price may rise since federal incentives are subject to change.
  • Without the federal tax credit, Slate faces a stronger pricing challenge against competitors offering fuller-featured EVs near $30,000, leaving the company to demonstrate its truck’s value despite stripped-down elements and late 2026 production.
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The Verge broke the news in United States on Friday, July 4, 2025.
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