Slate’s electric truck can still dip under $20,000 — but only for some

Slate Auto's electric truck is now priced starting at $24,950, but certain buyers can still acquire it for under $20,000 due to state-level electric vehicle rebates. The availability and value of these rebates are contingent on the buyer's location and income level, with some rebates potentially not applicable to the Slate truck. For instance, California's Clean Vehicle Rebate Project, which offered up to $7,000, ended on July 12, 2024, impacting potential savings for residents. Similarly, a proposed $5,000 rebate in New York, aimed at incentivizing lower-income buyers, has not yet been finalized. The company is also navigating the complexities of federal tax credits, which require vehicles to meet specific battery component and critical mineral sourcing requirements, criteria that the Slate truck may not fully satisfy. This tiered pricing structure, influenced by a patchwork of state incentives and federal regulations, creates a variable effective price for consumers.