The buzz around electric vehicles is getting louder. A new player is stepping into the ring with a unique offer. Slate Auto, a company with some serious backing, is rolling out an electric truck that can also transform into an SUV. The best part? It's priced to be accessible to the average person. After federal incentives, the starting price is a mere $20, 000.

The truck, which is about two-thirds the size of a Chevy Silverado EV and slightly smaller than a Ford Maverick, has a payload capacity of 1, 400 pounds. It's designed to be simple and functional, not flashy. Think of it as the anti-Tesla, focusing on essential features rather than high-tech gadgets. This means no power windows or infotainment screens. The goal is to keep it straightforward and affordable.

The truck's range is decent, with a maximum of 150 miles on a single charge. For those needing more distance, there's an option for a longer-range battery pack that can go up to 240 miles. The design and engineering are a collaborative effort between California and Michigan, with assembly happening somewhere in the Midwest. Rumors suggest Indiana is the likely location for the assembly plant.

The company has some big names behind it. Jeff Bezos, the founder of Amazon, along with Mark Walter, the controlling owner of the Los Angeles Dodgers, and Thomas Tull, another investor, have all chipped in. They've raised $111 million to bring this project to life. This kind of backing shows they're serious about making a splash in the EV market.

The truck isn't hitting the roads anytime soon. Customers can reserve one for a refundable $50 fee, but deliveries aren't expected until late 2026. This gives the company plenty of time to fine-tune the design and iron out any kinks. It's a bold move, and it will be interesting to see how it plays out. The EV market is heating up, and this truck could be a game-changer.

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