Slate EV Pickup Starts at $24,950, Becomes Cheapest Truck in US

EV startup Slate has unveiled the starting price for its electric pickup truck: $24,950 for the base model, making it the most affordable truck in the American market.

The Product

The Slate pickup is designed as a bare-bones electric truck to achieve this low price point, with options for higher trims. Full specs on motor and battery have not been released yet, but the company emphasizes affordability.

Pricing and Availability

The base price of $24,950 applies to the entry-level version. Deliveries are expected to begin next year, with pre-orders opening soon.

Competition

At this price, Slate competes with trucks like the Ford F-150 Lightning (starting around $40,000) and Chevrolet Silverado EV, as well as traditional gasoline-powered pickups like the Ford F-150 (starting around $30,000).

Potential Impact on the Company

The low price could help Slate break into the rapidly growing electric truck market, but profitability remains a challenge given battery costs.