Slate Launches Affordable EV Truck
Slate, a new electric vehicle startup, has unveiled its first product: the Slate Truck, a compact electric pickup truck priced to be under $20,000 after the $7,500 federal EV tax credit. This move challenges the conventional wisdom in the EV market, where most new models are launched at premium prices.
The Slate Truck measures 174.6 inches in length, with a wheelbase of 108.9 inches, making it significantly shorter than other small pickups like the Ford Maverick and Hyundai Santa Cruz. Its bed is 5 feet long and 42.9 inches wide between the wheel wells. The truck can be converted into different body styles, including an SUV with a three-seat bench, using flat-pack kits.
Key Features and Specifications
- Battery: 52.7 kWh or optional 84.3 kWh pack
- Range: 150 miles (52.7 kWh) or up to 240 miles (84.3 kWh)
- Motor: Single permanent magnet synchronous motor, 201 hp, 195 lb-ft torque
- Charging: Level 2 charging in under 5 hours, DC fast charging up to 120 kW
- Price: Under $20,000 after $7,500 federal EV tax credit
Slate’s business model focuses on keeping costs low through simplicity and modular design. The truck features crank windows, no touchscreen, and stainless steel wheels. The company plans to make additional revenue through accessories and upgrades.
The Slate Truck is set to begin production at a former paper manufacturing facility in Warsaw, Indiana, late next year. Interested buyers can place a $50 deposit on the company’s website.
Industry Impact
Slate’s approach could potentially disrupt the EV market by making electric vehicles more accessible to budget-conscious consumers. With backing from investors including Amazon founder Jeff Bezos, Slate has raised $111 million to support its venture.
While the viability of Slate’s business model remains to be seen, the company’s experienced leadership team includes veterans from major automotive manufacturers. The success of the Slate Truck could pave the way for more affordable EV options in the market.
