Automotive
Slate Auto’s $20K EV Truck Dream Collapses Under Trump’s “Big Beautiful Bill”
Slate Auto’s sub-$20K electric pickup is no more—Trump’s new bill kills the EV tax credit that made the price possible.
Last Updated on July 7, 2025 by Daily News Staff
Image Credit: Slate Auto
The Affordable EV Dream, Derailed
Slate Auto made waves in early 2025 by announcing an electric pickup truck with a revolutionary promise: a starting price under $20,000. With a minimalist, modular design and direct-to-consumer sales model, the company hoped to disrupt the industry by delivering a rugged, no-frills EV that everyday drivers could actually afford.
But that promise may now be broken.
In July 2025, the newly passed “Big Beautiful Bill” from President Donald Trump eliminated the $7,500 federal EV tax credit, a cornerstone of Slate’s pricing model. And as of now, Slate has quietly removed its sub-$20K price claims, signaling a dramatic shift in its market positioning.
What Was the Original Plan?
Slate Auto’s vision was simple:
Base price of the pickup: ~$25,000 Subtract $7,500 tax credit → final cost: $17,500 Optional bolt-on accessories and upgrades for customization
This formula positioned the Slate truck as a compelling solution for tradespeople, students, rural drivers, and eco-conscious buyers seeking low-cost alternatives to gas trucks.
What Changed?
The Trump administration’s “Big Beautiful Bill,” passed in July 2025, includes a provision that eliminates all federal EV tax credits starting September 30, 2025. That means:
No more $7,500 off at the point of sale Budget EVs like Slate’s are left to float—or sink—on their true retail pricing EV industry analysts warn of broader slowdowns in adoption
For Slate, it means their truck is no longer “America’s first under-$20K EV pickup.” Instead, the expected price now ranges from $25,000 to $27,500, and could rise to $35K with add-ons—putting it closer to competitors like the Ford Maverick Hybrid and Chevy Equinox EV.
The Fallout
This change hits hard for Slate, which built its brand on simplicity and accessibility. Without the tax credit:
Entry-level customers are priced out Preorder holders may cancel based on unexpected price hikes Market differentiation is weakened, as affordability was Slate’s primary value proposition
Meanwhile, critics argue the rollback of tax credits slows EV adoption at a critical time in the climate fight. Environmental groups and consumer advocates are already pushing back, saying the bill disproportionately hurts low- and middle-income Americans who were just beginning to consider electric vehicles.
What’s Next for Slate?
Slate says it still plans to begin production in late 2026, but without the EV credit, it must rework its pricing strategy and value offering. Possibilities include:
Offering fewer standard features Creating stripped-down fleet or worksite models Lobbying for state-level incentives to offset federal losses
Whether these changes will be enough to keep Slate competitive remains to be seen.
Final Thoughts
The electric vehicle space is undergoing seismic shifts, and the demise of the federal EV tax credit is likely to create ripple effects across the industry. For Slate Auto, the dream of a sub-$20K EV pickup may be over—but if they can pivot wisely, the company could still carve out a niche in the fast-evolving electric truck market.
Visit Slate Auto: https://www.slate.auto/en
Dive into “The Knowledge,” where curiosity meets clarity. This playlist, in collaboration with STMDailyNews.com, is designed for viewers who value historical accuracy and insightful learning. Our short videos, ranging from 30 seconds to a minute and a half, make complex subjects easy to grasp in no time. Covering everything from historical events to contemporary processes and entertainment, “The Knowledge” bridges the past with the present. In a world where information is abundant yet often misused, our series aims to guide you through the noise, preserving vital knowledge and truths that shape our lives today. Perfect for curious minds eager to discover the ‘why’ and ‘how’ of everything around us. Subscribe and join in as we explore the facts that matter. https://stmdailynews.com/the-knowledge/
Automotive
Finding the Right SUV for Your Lifestyle
Finding the Right SUV: While what’s new, popular or different can certainly play a role in car buying decisions, knowing how you actually live can help you choose the right vehicle for your lifestyle. From length of work commutes to whether you’ll be hauling sports gear, family members or other cargo on a regular basis, figuring out the right fit comes down to identifying your daily habits.
Finding the Right SUV for Your Lifestyle
(Feature Impact) You’ve likely heard the phrase “bigger is better,” but when it comes to vehicle shopping, that may not actually be the case. While what’s new, popular or different can certainly play a role in car buying decisions, knowing how you actually live can help you choose the right vehicle for your lifestyle.
Watch this video to learn more
“SUVs and crossovers dominate the market today, and it’s easy to gravitate toward the newest and biggest models,” said James Bell, head of corporate communications for Kia America, “but the right vehicle isn’t what’s trending; it’s about your daily commute, your weekend road trip and hauling kids and gear. For a lot of drivers, a smaller, more affordable SUV like the KIA Seltos is simply a better fit.”
From length of work commutes to whether you’ll be hauling sports gear, family members or other cargo on a regular basis, figuring out the right fit comes down to identifying your daily habits.
“Start by being honest about how you use your vehicle every day,” Bell said. “A lot of drivers overbuy, paying for space and features that they rarely, if ever, use. The right SUV can save money without sacrificing comfort or functionality.”
For example, the 2027 Kia Seltos is available in five trim levels and offers best-in-class interior room and max cargo room as well as a 10-year, 100,000-mile industry-leading limited powertrain warranty, making it an option for car buyers with both extended commutes and hauling capacity needs. Plus, for weekend warriors, the turbocharged X-Line model comes equipped with multi-terrain all-wheel drive.
To explore your options and find an SUV to fit your needs, visit Kia.com.
SOURCE:
🚗 Stay in the driver’s seat with the latest automotive news, vehicle reviews, industry updates, recalls, and buying tips. Share your opinions in the comments and subscribe to the STM Daily News newsletter for the latest Consumer Corner Automotive stories delivered straight to your inbox.
Automotive
Beyond the Sticker Price: Identifying the Most Affordable New Vehicles to Insure for 2026
For most households, buying a new vehicle is one of the largest financial decisions they’ll make. The purchase price is only the beginning, however. To help consumers make more informed purchasing decisions, consider these rankings of the most affordable new 2026 model year vehicles to insure.
Beyond the Sticker Price: Identifying the Most Affordable New Vehicles to Insure for 2026
(Feature Impact)For most households, buying a new vehicle is one of the largest financial decisions they’ll make. The purchase price is only the beginning, however. Fuel, maintenance, depreciation and insurance all contribute to the total cost of ownership, making affordability a consideration that extends well beyond the showroom.
To help consumers make more informed purchasing decisions, Mercury Insurance recently released its annual rankings of the most affordable new 2026 model year vehicles to insure, identifying the top-performing SUV, truck, sedan and electric or hybrid vehicles in four of today’s most popular categories.
“Consumers naturally compare purchase price, fuel economy, safety ratings and technology features before buying a vehicle,” said Chong Gao, director of research and development for Mercury Insurance. “Insurance is one of the few ownership costs drivers can estimate before making a purchase. Factoring it into the decision gives consumers a more complete picture of what that vehicle is likely to cost over the years they own it.”
While every driver’s premium is unique, this year’s rankings also revealed a broader trend: Practical, mainstream vehicles continue to offer some of the strongest long-term insurance value.
“Vehicles designed for everyday drivers often strike the best balance between safety, repairability and replacement costs,” Gao said. “That’s reflected in this year’s rankings, where familiar models from manufacturers like Hyundai, Chevrolet, Honda, Kia and Volkswagen rose to the top. It reinforces the idea that choosing a practical vehicle can pay dividends well beyond the purchase price.”
A Cost You Can Plan For
Unlike unexpected repairs or fluctuating fuel prices, insurance is a predictable ownership expense consumers can research before purchasing a vehicle.
Comparing insurance costs alongside purchase price, fuel economy, maintenance expenses and expected repair costs can help shoppers better understand the long-term financial commitment of vehicle ownership.
Factors Influencing Insurance Costs
Insurance costs are influenced by many factors, but repair complexity, parts availability, vehicle safety systems and historical claims experience all contribute to how a vehicle is insured. While advanced safety technology can help reduce accidents, vehicles that are easier and less expensive to repair can also help improve long-term affordability. Among the considerations insurers evaluate are:
- Repair and replacement costs
- Historical claims experience
- Vehicle safety features and crash performance
- Theft frequency
- Availability and cost of replacement parts
- Vehicle performance characteristics
The Most Affordable Vehicles to Insure
This year’s rankings show practical, mainstream vehicles continue to offer some of the strongest insurance value. The top spot in both the SUV and electric and hybrid categories was claimed by Hyundai while Chevrolet led the truck category and Volkswagen topped the sedan rankings. Rounding out Mercury’s rankings were several familiar nameplates recognized for balancing insurance affordability with everyday value.
SUVs:
- Hyundai Santa Fe
- Chevrolet Blazer
- Honda Pilot
- Kia Sportage
- Honda Passport
Trucks:
- Chevrolet Colorado LT
- Chevrolet Silverado C3500
- Ford Maverick and Ranger
- Hyundai Santa Cruz SE
- Toyota Tundra CrewMax
Sedans and Coupes:
- Volkswagen Golf R
- Acura Integra
- Honda Prelude
- Kia K4
- Mazda3
Electric and Hybrids:
- Hyundai Santa Fe Hybrid
- Chevrolet Blazer EV
- Kia Sportage Hybrid
- Ford Escape Hybrid
- Honda CR-V Hybrid
“The smartest vehicle purchase isn’t always the one with the lowest sticker price,” Gao said. “It’s the one that delivers the best overall value over time. Comparing insurance before buying gives consumers another tool to make a more informed decision.”
Visit MercuryInsurance.com to see the full rankings and request a quote to get a more complete understanding of long-term ownership costs.
Photo courtesy of Hyundai America (Hyundai Santa Fe)
Photo courtesy of Shutterstock (couple using laptop)
SOURCE:
📰 Enjoying STM Daily News? Join the conversation!
💬 Leave a comment, share your thoughts, and subscribe to our newsletter for the latest stories, updates, and “News You Can Use This Moment!” delivered to your inbox.
Stay connected with STM Daily News!
Automotive
EV Interest Climbs as Gas Price Uncertainty Pushes Families Toward Electric SUVs
With ongoing uncertainty surrounding global oil prices, more U.S. consumers are buying and showing more interest in electric vehicles (EVs). The shift comes as car shoppers weigh fuel costs, improving affordability and a growing number of family-friendly electric SUVs.
EV Interest Climbs as Gas Price Uncertainty Pushes Families Toward Electric SUVs
(Feature Impact)With ongoing uncertainty surrounding global oil prices, more U.S. consumers are buying and showing more interest in electric vehicles (EVs). The shift comes as car shoppers weigh fuel costs, improving affordability and a growing number of family-friendly electric SUVs.
Watch this video to learn more
According to Spectrum News, EV sales increased in the first quarter of this year. In the same time frame, interest in new EVs increased 16% and interest in used EVs increased by 30%. As families look for opportunities to ditch the gas pump without sacrificing power or space, new all-electric options create a compelling argument for families to turn to EVs.
For those looking to offset their weekly fuel up, the 2026 Kia EV9 can save drivers around $1,800-3,400 per year compared to gas-powered SUVs. Cars.com named the 2026 Kia EV9 the Best Electric Vehicle of 2026 for the second consecutive year.
“The Kia EV9 stood out because it delivers everything we want from a modern electric SUV – strong real-world range, fast charging, excellent space and comfort, and smart flexibility across the lineup,” said Mike Hanley, Sr. Road Test Editor, Cars.com.
For those who aren’t ready to switch to a fully electric vehicle, Kia has expanded its hybrid options. The 2026 Kia Sportage Hybrid adds horsepower and updated design features, while the Kia Telluride model offers a hybrid version for the first time with a total driving range of up to 637 miles on the Ex FWD-trim.
To learn more about the Kia EV9 and Kia’s hybrid models, visit Kia at kia.com.
SOURCE:
🚗 Stay in the driver’s seat with the latest automotive news, vehicle reviews, industry updates, recalls, and buying tips. Share your opinions in the comments and subscribe to the STM Daily News newsletter for the latest Consumer Corner Automotive stories delivered straight to your inbox.
