Fisker Cuts Prices on High-End Ocean SUV Amid Slowing EV Demand, Raises Prices on Lower Models

Fisker cut prices of its high-end Ocean Extreme SUV by 11% in the U.S. and Canada amid slowing EV demand.

Fisker raised prices of lower-end Ocean Ultra and Sport models in the U.S. by 6% and 4% respectively.

Price adjustments come as EV startups face price war started by Tesla to maintain market foothold.

Fisker customers who already ordered Ocean Extreme will get $7,500 or C$10,200 price adjustment.

Lucid launched cheaper Air Pure sedan starting at $77,400 to boost demand amid competition.