Fisker plans to release an electric SUV under $40,000 in 2021

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There’s one main issue: you’ll have to wait. Fisker doesn’t expect a drivable prototype until sometime before the end of 2019, and a production model won’t be ready until the second half of 2021. That’s around the same time that Tesla plans to deliver its sub-$40K Model Y, but roughly a year after higher-priced variants. It’s also uncertain just how readily available the SUV will be at that point, although Fisker plans to build its SUV in the US and will sell directly to customers instead of going through dealerships.

However it arrives, the SUV is part of a big bet for Fisker. It’s planning two additional “affordable” electric vehicles beyond this model — this isn’t a one-off so much as it is a transition away from Fisker’s reputation as a niche luxury brand for the eco-conscious. It sees the market for EVs exploding in the near future, and it wants to get in while the market is relatively young.

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