TL;DR
Slate Auto announced its electric pickup truck will start at $24,950, positioning it as the most affordable EV and truck in the US. Preorders are live, with production scheduled for late 2026, amid high reservation interest.
Slate Auto has announced that its electric pickup truck will start at $24,950, making it the least expensive electric vehicle and pickup in the US market. The company opened preorders today, with production scheduled to begin in late 2026, offering a low-cost option for consumers seeking an American-made EV truck.
The no-frills, minimalist electric pickup by Slate Auto is priced at $24,950, aligning with the company’s revised target after initially aiming for a price below $20,000. Customers can place non-refundable deposits of $300 within 30 days to secure a delivery slot, with expected deliveries starting in late 2026. The company reports approximately 180,000 reservations to date, indicating strong consumer interest.
Compared to the current market, the Slate truck is significantly cheaper than average new vehicles, which sold for an average of $49,220 in May, according to Cox Automotive. Its closest competitors, such as the Ford Maverick and Chevrolet Bolt EV, start at around $30,000. The vehicle’s affordability is highlighted by its price point, which is even lower than the average used vehicle price of $26,918.
Impact of the Low-Priced Electric Pickup on the Market
The $24,950 price point positions the Slate Auto truck as the most affordable electric pickup and EV in the US, potentially broadening access to electric vehicles and increasing competition in the segment. Its high reservation count suggests strong consumer demand for budget-friendly EV options, which could influence pricing strategies across the industry. The vehicle’s entry might accelerate adoption among cost-conscious buyers and reshape the market landscape.
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Market Trends and Previous EV Pricing Expectations
Earlier this year, Slate Auto warned it would not meet its initial goal of producing an electric pickup under $20,000, citing market and production challenges. The company’s revised starting price of $24,950 still makes it the most affordable EV and pickup in the US, amid rising average vehicle prices and increased competition from automakers expanding their electric lineups. The announcement follows a broader industry trend of increasing EV adoption and pricing pressures.
“The price point of $24,950 makes this vehicle a compelling entry for budget-conscious consumers looking for an electric truck.”
— an anonymous researcher
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Unconfirmed Details About Vehicle Specifications and Availability
Details about the truck’s full specifications, range, and features remain unconfirmed. It is also unclear how many units will be produced initially and whether the price will remain stable as production begins. The timeline for delivery beyond the broad estimate of late 2026 is still uncertain.
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Upcoming Production and Preorder Milestones
Preorders are now open, with customers able to lock in their slots by paying a $300 deposit. The company plans to begin production in late 2026, with initial deliveries expected shortly thereafter. Monitoring reservation numbers and official vehicle specifications will be key in the coming months.
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Key Questions
When can I place a preorder for the Slate Auto electric pickup?
Preorders are now open, and customers can pay a $300 non-refundable deposit within the next 30 days to secure a delivery window starting in late 2026.
What features will the Slate Auto truck include at this price?
Specific vehicle features and specifications have not yet been fully disclosed; the vehicle is described as minimalist but not stripped down.
How does the price compare to other electric pickups?
The starting price of $24,950 makes it the least expensive EV and pickup available in the US market, significantly lower than competitors like the Ford Maverick and Chevrolet Bolt EV.
Will the price stay the same as production begins?
It is not yet clear whether the price will change once the vehicle enters production, but current preorders are based on the $24,950 starting point.
How many reservations has Slate Auto received so far?
The company reports approximately 180,000 reservations to date, indicating strong consumer interest.
Source: The Verge
