When will Slate start delivering the pickup?

No specific date has been announced, but production is expected to begin next year.

Who are Slate's competitors in the electric pickup market?

Competitors include Tesla, Rivian, and Ford, but most of their trucks exceed $40,000.

What makes the Slate pickup different?

Its low price (under $25,000) is the key differentiator in a market lacking affordable EVs.

Slate Launches $25,000 Electric Pickup Truck

Slate has launched its first EV, a pickup truck priced under $25,000, targeting a gap in the US market for affordable electric vehicles. CEO Peter Faricy explains the contrarian bet.

June 28, 2026

2 min read

Source: Yahoo Finance

Key Numbers

price

$25,000

Slate has launched its first electric vehicle, a pickup truck priced under $25,000, aiming to fill a gap in the US market where affordable EVs are rare. CEO Peter Faricy called the vehicle a "unicorn" in the current market.

The Product

The Slate electric pickup is priced below $25,000, making it one of the cheapest EVs in the United States. The company targets consumers looking for a practical and affordable electric vehicle.

Pricing and Availability

Slate has not yet announced a specific delivery date, but indicates production will begin next year. The starting price of $25,000 includes federal incentives.

Competition

Slate faces competition from companies like Tesla, Rivian, and Ford, but bets on low price as a key differentiator. Most electric pickups on the market exceed $40,000.

Potential Impact on the Company

If Slate succeeds in its goals, it could capture a significant market share in the low-priced EV segment, a segment not yet targeted by larger automakers.

Frequently Asked Questions

It starts at $25,000, making it one of the cheapest EVs in the US.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.