AI Generated Image
Slate's electric truck can still dip under $20,000 - but only for some
Electrek • • business
Key Points:
- Slate Auto's electric truck now starts at $24,950, up from the initially promised sub-$20,000 price, due to the elimination of the $7,500 federal EV tax credit as of September 30, 2025.
- Some buyers can still purchase the truck for under $20,000 by combining state-level EV rebates, but these incentives are limited to low-income buyers in a few states and are subject to funding availability.
- Only about 17 states maintain consumer EV incentive programs, many of which have income qualifications, geographical restrictions, and require purchases through licensed in-state dealers—conditions that may exclude Slate buyers due to its direct-sales model.
- Despite the price increase, Slate's $24,950 truck remains competitively priced compared to gas vehicles and other electric trucks, with production expected to begin by the end of 2026 following recent funding.
- Prospective buyers should carefully evaluate whether the truck can realistically cost under $20,000 for them personally, as the advertised low price depends heavily on individual eligibility for rebates and local program rules.
