Fisker adjusts prices as EV market sees signs of demand slowdown

- Fisker cut prices of its high-end Ocean Extreme SUV on Monday, while raising prices on two lower-priced variants, as the firm grapples with a slowdown in electric-vehicle demand and a price war started by dominant player Tesla.

"It is essential Fisker responds to competitive realities in the rapidly growing EV market," CEO Henrik Fisker said. Fisker said it was also raising prices for the lower-end Ocean Ultra and Sport models in the U.S. by 6% and 4% to $52,999 and $38,999, respectively. The vehicles will see a similar price increase in Canada.

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