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The Nexus
BUSINESSJul 4 · 11:00 UTCGUARDIAN USTom Perkins in Detroit

As auto costs rise, will the US miss the golden age of electric vehicles?

Slate Auto, a Jeff Bezos-backed Detroit-based electric vehicle startup, introduced an affordable pickup truck priced at $24,950. However, the US faces rising auto costs and competition from cheap Chinese electric vehicles, which can be purchased for as little as $10,000.

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