Slate made a splash with an affordable, electric pickup that was slated to cost less than $20,000 after federal incentives. However, that’s no longer the case as the company has quietly updated their website to say the “Blank Slate is expected to be priced in the mid-twenties.”

The company went on to say the “price is subject to change” and “does not include taxes, fees, and accessories.” While the latter is to be expected, Slate’s revised statement suggests we can expect a price hike of around $5,000. That makes the truck far less appealing as the bigger and better equipped Ford Maverick begins at $28,145.

More: Slate Shakes Up EVs With A Pickup That Turns Into An SUV And Costs Less Than $20,000

Slate hasn’t publicly addressed the change, but it appears to be tied to President Trump’s signing of The One Big Beautiful Bill into law. The sprawling piece of legislation includes everything from a tax deduction on auto loan interest to funding for a “Golden Dome” missile defense system.

It also cut funding for solar and wind facilities as well as the clean vehicle credit. The latter will be phased out on September 30, 2025 instead of December 31, 2032. This applies to both new and used vehicles.

Photos Slate Auto

While the changes are brief – just one line for the previously-owned clean vehicle credit – they’ll have a huge impact on electric vehicles as consumers will no longer get a discount of up to $7,500. This means prices will likely rise, while demand could fall.

It’s not hard to see why as it would be easy to live with a few tradeoffs for less than $20,000. However, at around $25,000, things get a little more complicated.

That being said, the Slate truck will have a rear-mounted motor producing 201 hp (150 kW / 204 PS) and 195 lb-ft (264 Nm) of torque. It will be powered by 52.7 and 84.3 kWh battery packs, which deliver ranges of approximately 150 and 240 miles (241 and 386 km). Customers can also expect a leisurely 0-60 mph (0-96 km/h) time of around eight seconds and a top speed of 90 mph (145 km/h).

H/T to TechCrunch

Building an electric vehicle that’s affordable, customizable, and actually something people want to drive has become the holy grail of the modern car industry. Slate Auto, a startup in the EV world, has been generating plenty of hype over the past few months by claiming it can deliver exactly that.

But beneath the viral videos and slick promises, the reality is a back-to-basics vehicle that skips many modern comforts and might not end up costing much less than a Ford Maverick. And according to one Stellantis executive, Slate’s wallet-friendly image could unravel pretty quickly.

Read: Slate Shakes Up EVs With $28,000 Pickup That Turns Into An SUV

The startup has adopted a novel approach with its EV. Known simply as The Truck, as the company wants buyers to name their pickups, all of Slate’s vehicles will leave the factory looking exactly the same. Shoppers will then be able to select options and special features to make their Slate stand out.

Want it to resemble more of an SUV? Just check the box for the optional roof. Want an exterior wrap or speakers for the optional audio system? Those are on the list too. Just check the boxes and build it out from there. Slate says pricing will start under $28,000, or around $20,500 after applying the $7,500 federal EV tax credit.

However, as part of the Trump administration’s proposed One Big Beautiful Bill Act, this incentive could be phased out after 2026. In practice, it might disappear even sooner, by the end of 2025, since it would only apply to vehicles from automakers that have sold fewer than 200,000 EVs.

Kuniskis Reacts

Ram chief executive Tim Kuniskis thinks that prices of the Slate electric truck will be much higher than advertised. “I think it’s super interesting,” he told CNBC. “The idea behind it, we’ve talked about that idea a million times. Now, what’s it going to actually transact at in the marketplace … when people start to option them up, it’s not going to be $20,000. It’s going to be $35,000, and by the time you get to $35,000, you’re in midsize truck territory.”

Kuniskis has a point. The starting price of the Slate may be compelling, but it’s important to note that it lacks many of the features you’d expect from a modern car. It doesn’t have an infotainment system, there are no speakers, and there are manual window winders. Option in some of those things, like Bluetooth speakers, and the price will rise. Once the tax credit is gone, the Slate may not seem so appealing.

Affordability Still Elusive

“Slate is an example of why and how hard it is to produce a cheap EV,” iSeeCars auto analyst Karl Brauer told CNBC. “They are producing an electric vehicle with only two seats, 140-mile range, manual windows, no touch screen, and it’s still $27,500 … To me, it’s not a competitive vehicle at that point.”

For now, Slate is chasing a compelling idea of an EV that’s simple, customizable, and affordable. But unless costs stay low without the help of government incentives, it risks becoming yet another example of how tough it really is to build an electric car for the everyman.

As automakers worldwide scramble to future-proof themselves in the electric era, China has been comfortably in the lead, cranking out next-gen EVs packed with cutting-edge tech and advanced battery systems one after the other at record pace. But behind the buzz and impressive new models, there’s a financial reality dragging at the wheels: most of China’s EV brands are still burning cash, not banking it.

Read: Seres 5 Crushes Tesla Model Y In Comfort But Loses The Battle Where It Counts

At last count, there were around 50 EV brands competing for space on Chinese roads. Out of those, just three of them are thought to be profitable. These include BYD, Li Auto, and Seres. Despite this, brands continue to offer generous discounts to grow their footprint, forgoing financial security in the pursuit of sales.

Discounts Keep Climbing

According to a JP Morgan study cited in a South China Morning Post report, industry-wide discounts averaged a record high 16.8% in April, up from an already steep 16.3% in March. The China Passenger Car Association puts the average discount for 2024 at 8.3%. To top it off, average EV prices were trimmed by 10% back in December. That’s not just aggressive, it’s unsustainable.

Last year, the difference between the selling price of an EV and an automaker’s costs, including raw materials, labor, and logistics, known as the vehicle margin, dropped to 10%. This is down from approximately 20% just four years ago. Analysts believe that most of China’s smaller EV manufacturers will be forced out of the market or will be acquired by larger rivals over the next couple of years.

“Nearly all of them were the victims of price competition,” said Phate Zhang from CnEVPost. “But if any of them chooses to exit the price war, their sales will decline and make it more difficult to post a net income.”

Looking Beyond China’s Borders

One potential lifeline is exports. Chinese carmakers have begun shipping more EVs abroad, where they can command better margins. According to JPMorgan’s Nick Lai, international sales are proving to be more profitable and could provide the breathing room these companies need.

“Price competition has turned fiercer this year. Unfortunately, we have not seen a jump in [EV] demand so far,” Lai noted. The domestic market, while massive, isn’t growing fast enough to offset the steep discounts.

Still, exports are trending upward. In the first four months of 2025, EVs made up roughly 33% of China’s total vehicle exports, up from about 25% over the past two years. It’s not a total solution, but it’s a glimmer of hope for brands looking to survive the increasingly brutal home turf battle.

New Poll: American Voters Support Federal Investments in Electric Vehicles Broad, Bipartisan Support for EV Investments and Incentives that Lower Costs, Expand Access, and Help the U.S. Beat China in the Race for Auto Manufacturing WASHINGTON, D.C. – A new bipartisan national poll conducted by Meeting Street Insights and Hart Research finds broad public support …

The post Support for Electric Vehicles appeared first on Alternative Energy HQ.

Bergen, Norway February 17th, 2025 — Since going into service in 2015, the MF Ampere has now sailed an astonishing distance equivalent to 17 times around the equator on batteries alone, solidifying its place as a groundbreaking achievement in sustainable maritime transport. A decade on and the Ampere continues to showcase the transformative potential of electric …

The post World’s first fully electric ferry celebrates 10 years of success appeared first on Alternative Energy HQ.