<ul data-eligibleForWebStory="false"><li>Slate Auto, an electric vehicle startup backed by Jeff Bezos, has halted its promotion of the upcoming pickup truck priced 'under $20,000' due to the end of the federal EV tax credit by the Trump administration.</li><li>The $7,500 federal EV tax credit, which will cease in September, was a crucial factor for Slate's all-electric pickup to meet the sub-$20,000 mark.</li><li>The exact price of Slate's EV without the tax credit is yet to be disclosed, and the company plans to commence truck production no earlier than the end of 2026.</li><li>Slate's focus on affordability aimed to challenge the auto industry's high prices, with the startup emphasizing customizable options for the vehicle.</li></ul>

Slate Auto drops ‘under $20,000’ pricing after Trump administration ends federal EV tax credit

Discover more