Fisker has announced a price reduction for its top-level Ocean Extreme electric SUV, lowering the price from $68,999 to $61,499 in the U.S. market. The price change is effective immediately.
Customers who have already ordered or purchased the Ocean Extreme will receive a $7,500 price adjustment, even if their vehicle is already in production.
“It is essential that Fisker responds to competitive realities in the rapidly growing EV market,” said Henrik Fisker, Chairman and CEO of Fisker Inc., in a statement on Monday to Tesla North. “We want our customers to have greater access to the Ocean and to be able to take advantage of its exciting combination of innovative features, striking design, sustainable materials, and class-leading range.”
The Ocean Extreme features a 113 kWh battery pack and has an EPA-estimated range of 360 miles, making it the longest-range new electric SUV in its class, touts the company.
Fisker also announced that it will open 2024 orders for all Ocean trim levels, including Ultra and Sport, starting on November 6, 2023. The pricing for these models will increase: the Ultra will be priced at $52,999, up from $49,999, and the Sport will be $38,999, up from $37,499. The Ultra model has exceeded Fisker’s EPA range estimates, achieving an official range of 350 miles.
Current pricing for the Sport and Ultra models will remain in effect for all orders completed by November 5, 2023.
“We are very confident in the continued demand for the Ocean and we expect the Sport and Ultra models to be the highest sellers starting in 2024,” added Henrik Fisker. “We expect our overall margins will be unaffected because higher Sport and Ultra pricing, combined with our cost-reduction initiatives and lower input prices, will support the anticipated trajectory of our profits.”
