Reported about 17 hours ago
Slate Auto, an electric vehicle startup supported by Jeff Bezos, has dropped its pricing claim of 'under $20,000' for its upcoming electric pickup truck after the Trump administration's tax cut bill led to the end of the federal EV tax credit. Initially relying on the $7,500 credit to meet its pricing goal, the company now faces uncertainty about the actual starting price of its vehicle, which is expected to begin production in 2026. The change could hinder Slate's mission to offer an affordable electric vehicle in a market where vehicle prices have escalated.
Source: YAHOO