Slate Auto unveils slate truck to tackle affordable EV market with a starting price of $20,000

Slate Truck aims to disrupt the EV market with a $20,000 price tag post-tax credits, catering to budget-conscious consumers amid rising car costs. Production is set to begin in 2026, with reservations already open.

Sources:
IslanderNews.comBusinessinsider
Updated 1h ago
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The Headline

Unveiling the Slate Truck: Features, pricing, and strategy

Price of Slate Truck after federal tax credits
$20,000
IslanderNews.com
Sticker price of Slate Truck
$25,000
IslanderNews.com
Horsepower of Slate Truck
201 hp
IslanderNews.com
Battery capacity for standard range
57.2 kWh
IslanderNews.com
Battery capacity for extended range
84.3 kWh
IslanderNews.com
Standard range of Slate Truck
150 miles
IslanderNews.com
Extended range of Slate Truck
240 miles
IslanderNews.com
Expected year of production start
2026
IslanderNews.com
Refundable deposit for reservations
$50
IslanderNews.com
Key Facts
  • Slate Auto, based in Michigan, has unveiled its first vehicle — a minimalist and compact electric pickup truck called the 'Truck'.IslanderNews.com
  • Slate Truck focuses on affordability to become the cheapest new electric vehicle and pickup truck in the U.S.Businessinsider
  • Slate's business model emphasizes a basic, no-frills base model, allowing consumers to choose optional features as they can afford them.Businessinsider
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Background Context

The challenge of affordability in automotive market

Average cost of new car
$50,000
Businessinsider
Key Facts
  • Affordable Electric Vehicle Prices have become crucial as the average cost of a new car approaches $50,000, making a budget EV crucial.Businessinsider
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