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Bezos-Backed Startup Slate Launches US-Made Electric Pickup
Slate Auto, a startup funded by Jeff Bezos, plans to launch an American-made electric pickup truck priced under $20,000, utilizing federal subsidies. The truck, which is bare-bones with limited features and a range of about 240 miles, targets American consumers amidst a declining interest in electric vehicles due to their increasing costs. Positioned in the Detroit area and employing around 400 people, Slate Auto's initiative emerges amid high average EV prices exceeding $59,000. The vehicle will be assembled in Indiana, with deliveries anticipated by late 2026, and will have modification kits available for conversion into an SUV.
Expert opinion stresses that Slate Auto’s focus on affordability could be crucial in reviving interest in EVs. The reliance on tax incentives raises questions about long-term viability, especially if proposed incentives are eliminated. However, if the company can maintain the promised low price point and quality, it could significantly disrupt the current EV market and cater to budget-conscious consumers while aligning with their patriotic preferences.
Expert opinion stresses that Slate Auto’s focus on affordability could be crucial in reviving interest in EVs. The reliance on tax incentives raises questions about long-term viability, especially if proposed incentives are eliminated. However, if the company can maintain the promised low price point and quality, it could significantly disrupt the current EV market and cater to budget-conscious consumers while aligning with their patriotic preferences.