After receiving more reservations than expected on its new Ocean SUV model, Fisker is looking to open a U.S. production base to meet demands. Story by alanohnsman
Fisker Inc.'s electric Ocean SUVs won't qualify for a revised federal tax credit for EVs that requires them to be built at domestic plants.Fisker Inc., a Los Angeles-based electric vehicle startup planning to deliver European-built SUVs late this year, is looking into adding a U.S. production site for its Ocean model now that changes to federal EV tax credits given to carbuyers favor those assembled at domestic plants.
“We already considered U.S. manufacturing for the Ocean before the Act,” Fisker CEO and cofounder Henrik Fisker said by email. “Once you reach more than 50,000 in sales in a region, local production makes sense. I project that we should pass 50,000 in sales in 2024 in the U.S. market.” If the Ocean were to be eligible for the tax credit, it would be one of the cheapest electric SUVs on the market, with an effective base price of about $30,000. General Motors, which will again be able to qualify for tax credits starting next year, plans to begin selling an electric version of its small Equinox SUV in 2023 priced from about $30,000. That model is to be built in the U.S. and should become even more affordable after the $7,500 credit.
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