Fisker Inc. cuts Ocean SUV prices by up to 39% to make it a more affordable EV option and possibly avoid bankruptcy.

Fisker Inc. has drastically cut the price of its only model, the Ocean SUV, by up to 39% as the electric vehicle maker struggles to stay in business. The base price of the top-of-the-line Fisker Ocean Extreme has been cut from about $62,500 to $37,500. Prices for the Sport trim level have been cut from $39,000 to $25,000. These price cuts are aimed at positioning the Ocean as "a more affordable and compelling EV choice," and may signal that the company is attempting to avoid bankruptcy.

March 27, 2024
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