Slate Auto has removed its under $20,000 price for its electric pickup following the end of federal EV tax credits. This price point was dependent on a $7,500 tax credit, and without it, the expected price has shifted to the mid-twenties. The change comes after Trump's legislative actions and campaign promises to eliminate incentives supporting electric vehicles. As a result, the market landscape could favor foreign manufacturers, particularly Chinese companies, while the US appears to fall behind in the electric vehicle industry.
Slate Auto's decision to remove the under $20,000 price tag reflects changes in federal EV tax credits due to new legislation, affecting the selling point significantly.
Trump's administration has prioritized oil and gas, while dismantling incentives for electric vehicles, causing a shift in market dynamics that favors foreign electric car manufacturers.
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