A new auto startup is launching with a made-in-America EV that with federal tax credits will cost just $20,000. Backed by Jeff Bezos and Eric Schmidt, Slate Auto says that affordable price is possible because of its pared-down, basic model that can then be customized—and even transformed from a truck into an SUV.

An 11 kW onboard charger enables Level 2 charging in less than five hours for the small pack, while a standard NACS port and Level 3 DC fast charging of up to 120 kW can refill the battery from 20-80% in about 30 minutes. Slate estimates a range of 150 miles with the 52.7 kWh pack, and up to 240 miles with the larger pack.

We built it, you make it.” That’s the motto for Slate, a new American EV company, which just revealed its launch model and is backed by ex-Amazon execs including, reportedly, Jeff Bezos’ family office Slate says its EV pickup —a bare-bones truck with a footprint smaller than a Ford Maverick — will cost somewhere in the mid-$20K range,