Fisker PEAR won’t be priced at $29,900 for long, which is why we recommend you should reserve the electric vehicle now.
Fisker PEAR is going to be one of the most revolutionary EVs ever made at an amazing price. That is why we are highly recommending you get your reservation in right now.
As we’ve learned with the Fisker Ocean, the $29,900 price tag on the Fisker PEAR won’t be available forever.
Fisker said it would lock-in the price of the Fisker Ocean for the first 40,000 reservation holders. After that, Fisker can’t guarantee pricing will remain static. However, it will try its best to hold pricing steady thanks to its asset-light business model. The same thing will apply to Fisker PEAR pricing throughout 2024. We will explain.
Advertised Price of $29,900
Fisker has confirmed it will keep the Fisker PEAR priced at $29,900 throughout 2024. This advertised price is a lock for those that purchase in 2024. The question is, how many PEAR electric vehicles will Fisker and Foxconn produce in 2024 for purchase? That will determine who gets to purchase the Fisker PEAR for $29,900 or at a higher price in 2025. Beyond 2024, who knows what the price of the Fisker PEAR will be with inflation soaring.
2024 PEAR Production
The Fisker PEAR will start production in the second half of 2024. At peak production, the Foxconn factory in Lordstown will produce 250,000 units/year or 20,833 units/month.
While Foxconn is the heavyweight champion of producing consumer electronics, its new to manufacturing electric vehicles. That means it’s going to take a little while for the company to ramp production.
In 2024, we estimate the company will produce 30,000 units. That means approximately 30,000 units will be available at a price of $29,900.
Current Fisker PEAR Reservations
Reservations for Fisker PEAR started on February 16th. On June 7th, at Fisker’s annual shareholder meeting, the company reported 3,200 Fisker PEAR reservations.
It took the company 111 days to hit 3,200 reservations. This equates to about 29 net new PEAR reservations per day.
Since last week, Fisker has probably added another 175 reservations. That means the next 26,625 reservations holders have a good chance of locking in the 2024 pricing of $29,900.
Another Reason to Reserve Now
In the United States, the first 200k electric vehicles produced by a manufacturer qualify for a government tax incentive. That means early Fisker PEAR reservation holders may qualify for the tax credit. That is unless the Fisker Ocean hits 200k units in sales before PEARs are delivered. The $7,500 tax credit helps you offset your tax liability at tax time. That means, if you purchase one of the first 200k Fisker EVs, your taxable liability will decrease by $7,500. You can claim up to $7,500 in credit against federal income taxes you owe in the year you buy the Fisker PEAR. (The same tax incentive applies for the Fisker Ocean too.) While the Fisker PEAR is priced at $29,900, it will cost you $22,400 after government tax credits. The Fisker PEAR will be the least expensive electric vehicle built in the United States.
Reserving Your Fisker PEAR
We reserved our Fisker PEAR on May 25th. It cost us $250 to get our name on the reservation list. That puts us at around reservation # 2,823.
While $250 is a lot of money to lock up for nearly 2 years, it will save us thousands of dollars if we can purchase the PEAR in 2024 as opposed to 2025.
If you’re at all interested in the Fisker PEAR, you’ll want to reserve yours now. You can thank us in 2024 when you’re able to pre-order the Fisker PEAR.
Reserve Your Fisker Ocean
You can reserve your Fisker Ocean or PEAR by visiting https://fiskerinc.com/reserve. Use referral code DDK87H.
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