Slate Auto's electric pickup, previously advertised as 'under $20,000,' has seen a price increase to 'mid-twenties.'
The price adjustment is due to Trump's impending legislation that will end federal EV tax credits, impacting Slate Auto's pricing strategy.
The sub-$20,000 price was a key selling point for Slate Auto, backed by Jeff Bezos, and was made possible by the $7,500 tax credit on the retail price.
As a result of the tax credit removal, Slate Auto's website now displays an expected price of 'mid-twenties,' with implications on the future of electric vehicle adoption in the US and globally.