"This will be affordable luxury," says Fisker.
The Fisker all-electric SUV has been a slow burn since it was announced. We still have little information on specs and details, and there's still no actual name for the upmarket SUV announced. As is the way of things these days, the latest nugget of information has arrived through Twitter with Henrik Fisker announcing that his company won't be selling the electric SUV directly or making it available through a traditional leasing model.
Instead, it will only be available through what Fisker describes as, with his spelling and punctuation, "a flexible lease with no long term comtract !"
A few automakers, such as Porsche and Volvo, are experimenting with non-traditional business models for customers to access their cars. However, none have committed to not actually directly selling their cars at all yet. When asked if the service would be similar to Care by Volvo, Fisker said that it would be way lower in cost, less of a restriction on miles to use it for, and with no minimum contract term. That sounds like a fancy way of saying "rental service" to us but, to be fair, that would give customers the "total freedom," Fisker claims the model will provide.
As a reference point, Car by Volvo starts at $700 per month for an S60 sedan or an XC40 compact crossover and tops out at $800 a month for an XC90. The service includes insurance coverage, maintenance, roadside assistance, a 15,000 mileage allowance per year, and the option to upgrade to a new Volvo after 12 months.
In the Twitter thread, Fisker also says a name for the electric SUV is to be announced next week. We suspect it's unlikely it'll be called Vapor as someone wisecracked though. Fisker expects production to start in 2021 and ramp-up in 2022, which hopefully means we'll see a full reveal before this year is over.