Slate Auto Retreats on “Under $20,000” Pricing for Electric Pickup Truck Following Federal EV Tax Credit Phase-Out
Slate Auto, an electric vehicle startup backed by Jeff Bezos, has dropped its promise to offer its upcoming pickup truck for “under $20,000” in the wake of the Trump administration’s tax cut bill. The bill, set to be signed into law, will eliminate the federal EV tax credit of $7,500 in September, an incentive that Slate had factored into its pricing strategy. When Slate emerged from stealth mode in April, the company heavily emphasized that its all-electric[…]