2023 Fisker Ocean Price Cut To $24,999

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Automotive Editor

Based out of the Washington, D.C. area, Joel Patel is an automotive journalist that hails from Northern Virginia. His work has been featured on various automotive outlets, including Autoweek, Digital Trends, and Autoblog. When not writing about cars, Joel enjoys trying new foods, wrenching on his car, and watching horror movies. 

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, Automotive Editor - March 29, 2024
Fisker Ocean

In a dramatic bid to bring in some much-needed funds, Fisker has dramatically cut pricing for the Ocean, its only vehicle on sale. In an emailed statement to Bloomberg, Fisker confirmed that price cuts would see the all-electric Ocean SUV start at $24,999 without the mandatory destination. That represents a price cut of $14,000 or 36%, marking one of the largest price drops we’ve ever seen for a vehicle.

The mid-level Ultra trim is getting a 34% drop in pricing, which equates to an $18,000 decrease, and now costs $34,999. The range-topping Ocean Extreme gets the largest price cut of any model in the lineup. That trim now starts at $37,499 – $24,000 less than before and a 39% decrease.

Fisker is updating its pricing for the Ocean SUV to make the EV “a more affordable and compelling EV choice.” With a starting price tag of $24,999, the Ocean becomes the most affordable electric vehicle on sale. It undercuts the Nissan Leaf ($28,140), which was previously the most affordable EV, by a wide margin and makes the Mini Cooper SE ($30,900) look extravagant.

Fisker Ocean Charging

Fisker isn’t changing the Ocean’s specs, so the electric SUV still has impressive performance and range. The base Ocean Sport has a single electric motor on the front wheels that makes 275 and offers up to 231 miles of range. At the other end of the range, the Ocean Extreme comes with dual electric motors with up to 564 hp and up to 360 miles of range.

While these discounts are a great time for interested shoppers to purchase a Fisker Ocean, they’re gut-wrenching for current Ocean owners to see. Current Ocean owners paid a lot for their EVs and probably own more on their loans than the new vehicles are selling for now.

Even with the price cuts, purchasing a Fisker Ocean is risky. The automaker has openly stated that it won’t be able to stay in business until the end of the year if it doesn’t find an automaker to partner with and reports indicate that talks have ended. With the pending delisting of Fisker’s stock and the automaker pausing production, it looks like Fisker is heading for bankruptcy. If that happens, it would be difficult for owners to get their complex electric vehicles serviced and to find parts.

Pictured: Fisker Ocean

Source: Automotive News

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, Automotive Editor

Based out of the Washington, D.C. area, Joel Patel is an automotive journalist that hails from Northern Virginia. His work has been featured on various automotive outlets, including Autoweek, Digital Trends, and Autoblog. When not writing about cars, Joel enjoys trying new foods, wrenching on his car, and watching horror movies. 

Follow On: Twitter

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