2024 Fisker Ocean Extreme price cut by $7,500, while other trims get price hikes

Fisker is changing up the pricing for its Ocean SUV by drastically reducing the price of its top trim and increasing the price of its lower trims.

The biggest swing is for the Ocean Extreme trim, as Fisker is dropping the MSRP by $7,500 down to just $61,499. Additionally, Fisker says that “customers who have already ordered or purchased an Ocean Extreme will receive a $7,500 price adjustment.”

Why is Fisker dropping the price so much? “It is essential that Fisker responds to competitive realities in the rapidly growing EV market,” CEO Henrik Fisker said. Without saying so out loud, that means Tesla. The Model Y’s pricing has fluctuated wildly over the past couple years, and while a nearly $70,000 SUV might’ve been a competitive price point before, Fisker thinks it needs to get closer in line with the market’s current pricing.