Slate Auto’s Indiana-made electric pickup, known for its minimalist design with no paint, stereo, or touchscreen, has seen its promised sub-$20,000 price increase to the mid-$20,000 range. This change follows the anticipated end of the federal EV tax credit on September 30th, as part of legislation supported by Donald Trump, which aims to terminate these incentives. Originally, the $7,500 federal tax credit made the pickup affordable at under $20,000 and was a key selling point promoted by the company, backed by Jeff Bezos. The price change reflects the impact of political decisions on the EV market, with Trump’s policies favoring traditional oil and gas sectors and potentially benefiting Chinese clean energy manufacturers while challenging U.S. EV adoption efforts.
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