Electric Cars

In an unusual turn of events, the Fisker Ocean electric vehicle, once envisioned as a formidable competitor in the EV market, is now accessible at a mere fraction of its initial cost. This unexpected availability stems from the recent bankruptcy of Fisker Inc., which ceased production of the vehicle over a year ago. Despite the company's collapse, a surprising number of brand-new and lightly used models remain in dealer inventories across the United States. While the allure of a high-range electric SUV at such a reduced price is undeniable, prospective buyers must weigh the advantages against the inherent risks of acquiring a vehicle from a defunct manufacturer. The opportunity to secure a feature-rich EV that once commanded a premium price point for less than half its original sticker price is a compelling proposition for those willing to navigate the complexities of a product without direct manufacturer support.

This unprecedented situation has created a buyer's market for the Fisker Ocean, enabling consumers to experience advanced electric vehicle technology, including dual-motor all-wheel drive and impressive horsepower, at a remarkably low entry cost. The dramatic price reduction, from an original MSRP of $69,000 down to as low as $25,000, reflects dealers' urgent need to clear remaining stock. However, this enticing offer comes with the caveat of 'as-is' sales and the absence of a factory warranty, shifting the responsibility for future maintenance and potential issues entirely onto the owner. The availability of these vehicles, many with minimal mileage and updated software, represents a unique moment for EV enthusiasts and bargain hunters alike, providing a chance to own a distinctive electric SUV that promised much before its manufacturer's untimely end.

Accessing Discounted Fisker Ocean Models

The Fisker Ocean, a mid-size electric crossover that once aimed to challenge market leaders, is now hitting dealer lots at drastically reduced prices. Following the bankruptcy of Fisker Inc., approximately 11,000 units of the Ocean were produced before manufacturing ceased. While a significant portion of this inventory was acquired for taxi services, a considerable number of new vehicles are still available for purchase from remaining dealerships. These models, often listed as used despite having very low mileage, are being offered at prices that are less than half their original retail value. This unforeseen market dynamic presents an exceptional opportunity for consumers seeking a high-range electric vehicle without the premium price tag typically associated with new EVs.

Specifically, a dealership in Southern California, Newport Fisker, is offering nearly two dozen Fisker Ocean EVs, each with less than 100 miles on the odometer, at prices ranging from $24,990 to $27,990. These vehicles are sold 'as-is,' reflecting the absence of manufacturer support, but come with the latest software updates and have had all necessary recalls performed. Furthermore, Newport Fisker maintains a service department capable of addressing any issues, provided spare parts are accessible. For those prioritizing a brand-new title, Lumin Fisker of Folsom, another California dealer, has over a dozen zero-mile Fisker Oceans, though at a slightly higher price point of $30,995 to $37,995. This dual availability offers flexibility for buyers depending on their preference for vehicle status and willingness to invest a bit more for a truly new car, highlighting the unique market conditions created by Fisker's situation.

Navigating Ownership Without Manufacturer Support

While the prospect of owning a Fisker Ocean at a deeply discounted price is appealing, it's crucial for potential buyers to understand the implications of purchasing a vehicle from a bankrupt company. The primary challenge lies in the lack of direct manufacturer support, including warranties, future software updates, and readily available spare parts. Although some dealerships, like Newport Fisker, are offering localized service solutions and have performed essential updates, the long-term viability of repairs and maintenance could be a concern for owners. This situation underscores the importance of having a backup vehicle or a strong understanding of EV mechanics for those considering such a purchase. The decision to buy a Fisker Ocean now is essentially a trade-off: an incredible deal on a high-spec EV versus the potential hurdles of maintaining a car with no official factory backing.

The Fisker Ocean's specifications, including dual-motor all-wheel drive, up to 564 horsepower, and a remarkable 360 miles of EPA-estimated range, still make it a highly capable electric SUV. Some models even feature solar roofs, adding to their unique appeal, though their practical contribution to range is minimal. The core issue revolves around the sustainability of ownership in the absence of a functioning parent company. Buyers are essentially acquiring a technically advanced vehicle that, while new, carries the risks associated with discontinued models. This scenario is best suited for consumers who are either very mechanically inclined, have access to alternative service networks, or view the purchase as an opportunistic acquisition for a secondary vehicle. Ultimately, the Fisker Ocean at half price is an extraordinary bargain, but one that requires a pragmatic approach and a clear understanding of the 'as-is' nature of the deal.

Despite grand pronouncements from international leaders two years ago at COP28 concerning the imperative to significantly boost global renewable energy capacity by 2030, a recent analysis suggests that practical implementation remains largely absent. A new report highlights a notable disparity between declared intentions and actual national strategies, casting doubt on the feasibility of achieving the ambitious targets set forth.

The energy think tank Ember has released new findings demonstrating that national renewable energy goals have seen minimal revision since the 2023 climate summit. Collectively, countries' projected renewable energy capacity for 2030 stands at just 7.4 terawatts (TW), representing a modest 2% increase in ambition since the initial agreement. This figure is considerably lower than the 11 TW required to achieve the global objective of tripling renewables, indicating that the world is currently on a path to merely double capacity.

Dr. Katye Altieri, a global electricity analyst at Ember, emphasized that national renewable energy targets are primarily intended to facilitate intelligent infrastructure development. Establishing clear objectives aids governments in strategic planning for project deployment, grid integration, and fosters investment in supply chains. Such proactive measures lead to more affordable and secure electricity supplies.

Since COP28, only 22 nations have updated their renewable energy targets, with the majority of these being members of the European Union. Outside the EU, a mere seven countries have demonstrated changes. This lethargic pace underscores a broader trend where most governments continue to operate at their customary planning speeds, despite the urgency of the climate crisis.

Furthermore, major global electricity producers have shown little progress. The United States lacks a national 2030 renewable target, and with the potential rollback of the Inflation Reduction Act (IRA), prospects for such a target under the current administration appear dim. India's 500 GW target remains unchanged, though it already aligns with the tripling objective. Russia, notably, has no 2030 target and no stated intention to establish one.

As countries prepare for COP30 in Brazil, this report serves as a critical reminder of the gap between rhetoric and reality. Without immediate and assertive updates to national targets and a clear roadmap for their execution, the 2030 renewable energy goal risks being missed. This failure would also represent a lost opportunity to stimulate investment, reduce reliance on fossil fuels, and cultivate a more economical and resilient energy framework.