Slate, the EV startup backed by Jeff Bezos, has come out of stealth, introducing its first electric vehicle. Pricing will start at $20,000 after tax credits. Slate Auto, the Jeff Bezos–backed electric-vehicle company,

Jeff Bezos-backed startup Slate Auto is launching a barebones electric truck for just $20,000 as it calls for a return to affordability after years of stubborn inflation drove everyday prices up.

Michigan-based startup Slate Auto introduced a new $25,000 EV pickup that could shake up the industry in a big way.