Slate Auto's electric truck starts at $24,950 with 205 miles of range

5 hours ago

Slate Auto reveals pricing for its electric truck at $24,950, opening preorders.
Base model range increased to around 205 miles, making it cheaper than most new US vehicles.
The truck is stripped down with features like hand-crank windows and no paint options, using customizable wraps.
Uses a 65 kWh LFP battery pack with 181 hp, and sells directly to customers without traditional dealerships.
Undercuts competitors like Chevy Bolt and Nissan Leaf, and is cheaper than most gas vehicles.
Company raised $1.4 billion, with partnerships hinted via Carvana warrant.
Original $20,000 target was reliant on federal EV tax credit, which is now gone.
First deliveries expected by end of 2026, with strategy focusing on simplicity and affordability.
Approach contrasts with industry trends, eliminating costly features like paint shops to reduce price.
Market reception highlights demand for affordable EVs, though challenges remain in production and profitability.

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