Fisker releases details on its new electric vehicle that is priced under $30,000

Fisker releases details on its new electric vehicle that is priced under $30,000.
Electric vehicle companies continue rolling out new models ready to compete in a fierce market, led by the industry’s top seller Tesla (TSLA) – Get Free Report. American legacy carmakers Ford (F) – Get Free Report, General Motors (GM) – Get Free Report and Stellantis (STLA) – Get Free Report have made some commitments to converting to all-electric inventories, but that will take several years to complete.

Ford said it will go all-electric in Europe by 2030, but hasn’t made a commitment yet in the U.S. GM said it would phase out all gasoline-powered vehicles by 2035. Stellantis will go all-electric in Europe and commit to 50% of passenger vehicle sales in the U.S. being all electric by 2030.
Then you have smaller electric vehicle companies that are all-in electric from the beginning, such as Fisker.

Fisker unveiled its all-electric four-door pickup truck, Alaska, on Aug. 3 with plans to compete with the upcoming Tesla Cybertruck. The truck, with a range of up to 340 miles, starts at $45,400 before incentives. Production on the Alaska will begin in the first quarter of 2025 with deliveries coming shortly thereafter, the company said.

The Los Angeles-based EV maker began delivering its Ocean SUV, which retails as low as $37,499, on June 23, according to the company.

The Fisker Ocean hopes to compete with Tesla’s Model Y basic all-wheel drive that’s priced at $47,740 and Ford’s 2023 Mustang Mach-E Select that starts at $42,995. GM’s new 2024 Chevy Blazer began rolling off the assembly line June 26 for as low as $44,995 for the 1LT.

Fisker also unveiled on Aug. 3 its Ronin four-door convertible GT sports luxury EV sedan, which is expected to retail for $200,000 beginning in 2025. The EV will seat five and have a 600-mile range.

Resource: The Street website