Letas
Well-Known Member
- Thread starter
- #1
Before I get into this, let me just clarify- this is MY opinion, and you are entitled to yours as well.
I’ve seen frequent repetition floating around that the new Slate electric truck is “not a competitor with the Maverick/Tacoma/whatever other ICE) I think that completely misses the point of what Slate is doing — and why it absolutely belongs in the same conversation as trucks like the Ford Maverick, Toyota Tacoma, Honda Ridgeline, and even Rav4, Trax, etc.
Here’s why:
1. Price Point & Utility First, EV Second
Slate’s real innovation isn’t just being electric — it’s bringing real utility at a price that undercuts or matches gas competitors. If the base model comes in around $25K you’re suddenly talking about a truck that can be cross-shopped aggressively with Mavericks and lower-end Tacomas.
It’s a no-nonsense work/play truck, not a luxury lifestyle EV like the Rivian. That’s the Maverick/Tacoma audience. It just happens to be an EV.
2. Market Share
I did some quick research of car sales in the US. Numbers might not be spot on, but they work for napkin math.
In 2024, there were ~16m new cars sold in the US. Of that, ~1.5m were EVs. Slate is trying to sell 150,000 a year.
The EV market share is growing rapidly, certainly in part due to improving battery tech, as well as the EV tax credit. If we accept this rhetoric that Slate is “only competing with other EVs”- you are denying 90% of the market! Now Slate has to capture 10% of EV sales, vs just 1% of total car sales to succeed.
As of today, most consumers do not own an EV. People have many reasons for why not, but one of the largest is simply price. The lowest cost new EV (that isn’t a Bolt) is ~$35k. There are still decent ICE crossovers in the low and mid 20k range. Why put the Slate in a box and pretend it doesn’t attract those buyers?
3. It’s not just a truck.
Something I think is often forgotten here is the fact that the Slate is not just a truck. It can be configured to be an SUV (hopefully for not too expensive)- which directly opens it up to significantly larger market pools. Sure, it’s not a great solution for a family of 4 with two car seats, but for the occasional trip? It’ll do the trick.
TL;DR:
Slate will win by casting a wide net of potential buyers, and skimming from that, rather than trying to deeply penetrate and win one very specific market. It can and should pull from current ICE buyers, as this directly competes with ICE vehicles of today.
I’ve seen frequent repetition floating around that the new Slate electric truck is “not a competitor with the Maverick/Tacoma/whatever other ICE) I think that completely misses the point of what Slate is doing — and why it absolutely belongs in the same conversation as trucks like the Ford Maverick, Toyota Tacoma, Honda Ridgeline, and even Rav4, Trax, etc.
Here’s why:
Slate’s real innovation isn’t just being electric — it’s bringing real utility at a price that undercuts or matches gas competitors. If the base model comes in around $25K you’re suddenly talking about a truck that can be cross-shopped aggressively with Mavericks and lower-end Tacomas.
It’s a no-nonsense work/play truck, not a luxury lifestyle EV like the Rivian. That’s the Maverick/Tacoma audience. It just happens to be an EV.
I did some quick research of car sales in the US. Numbers might not be spot on, but they work for napkin math.
In 2024, there were ~16m new cars sold in the US. Of that, ~1.5m were EVs. Slate is trying to sell 150,000 a year.
The EV market share is growing rapidly, certainly in part due to improving battery tech, as well as the EV tax credit. If we accept this rhetoric that Slate is “only competing with other EVs”- you are denying 90% of the market! Now Slate has to capture 10% of EV sales, vs just 1% of total car sales to succeed.
As of today, most consumers do not own an EV. People have many reasons for why not, but one of the largest is simply price. The lowest cost new EV (that isn’t a Bolt) is ~$35k. There are still decent ICE crossovers in the low and mid 20k range. Why put the Slate in a box and pretend it doesn’t attract those buyers?
Something I think is often forgotten here is the fact that the Slate is not just a truck. It can be configured to be an SUV (hopefully for not too expensive)- which directly opens it up to significantly larger market pools. Sure, it’s not a great solution for a family of 4 with two car seats, but for the occasional trip? It’ll do the trick.
TL;DR:
Slate will win by casting a wide net of potential buyers, and skimming from that, rather than trying to deeply penetrate and win one very specific market. It can and should pull from current ICE buyers, as this directly competes with ICE vehicles of today.