Original Promise Changes
Slate Auto’s plan for an electric pickup priced under $20,000 has shifted. The Indiana-made truck, known for its no-frills design and simple build, will now cost buyers in the mid-$20,000s. This change follows the end of the federal EV tax credit that helped keep the starting price lower.
Why the Price Is Changing
The original price tag always relied on a $7,500 federal credit applied at the point of sale. With that incentive ending on September 30th, buyers will pay the full sticker price. Slate Auto updated its website, replacing the “under $20,000” promotion with a new “mid-twenties” estimate.
Fine Print Becomes Reality
Slate’s offer always came with an asterisk: the final price depended on current incentives staying in place. As policy changes, so do buyer costs. Some early fans expected the deal to hold, but the new law shifts the total cost back to the buyer.
Simple Truck, Higher Cost
Slate Auto’s electric truck has no paint, no stereo, and no touchscreen, keeping production costs as low as possible. At under $20K, that was a big draw. Now, at over $25K, some buyers may compare it to other budget EVs that include more standard features.
What This Means for Buyers
The final price now matches the actual cost of building the truck. Incentives always offset part of that cost for buyers but didn’t change what the truck costs to make. Without the credit, buyers cover the entire amount upfront.
Looking Ahead
Slate Auto still plans to deliver its first trucks in late 2026. EV technology continues to advance, and more choices will hit the market by then. Buyers will decide if a minimal, affordable electric pickup still makes sense at this new price point.
