Fisker (FSR) Establishes Process for Qualifying US-Based Fisker Ocean Reservation Holders to Retain Eligibility for $7.5K Federal Tax

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Go back to Fisker (FSR) Establishes Process for Qualifying US-Based Fisker Ocean Reservation Holders to Retain Eligibility for $7.5K Federal Tax

Fisker Establishes Process for Qualifying US-Based Fisker Ocean Reservation Holders to Retain Eligibility for $7,500 Federal Tax Credit Should Inflation Reduction Act Become Law

August 7, 2022 9:00 AM EDT

Fisker enables qualifying US Fisker Ocean reservation holders, in advance of the bills passage, to enter a binding contract with the automaker to purchase a vehicle, retaining potential eligibility for the current federal tax credit of up to $7,500. The current draft of the Inflation Reduction Act includes a North American production requirement that renders Fisker Ocean buyers ineligible for the proposed tax credit. US-based Fisker Ocean reservation holders are not required to commit additional funds to convert deposits to non-refundable orders. The Fisker Ocean will commence production on November 17, 2022, and ramp up to... More