## Fisker Ocean Tax Credit Loophole: How Buyers Can Lock In $7,500 Savings Before New Rules Take Effect

Fisker just dropped a strategic move that's caught market attention. With the Inflation Reduction Act potentially changing federal EV tax credit eligibility, the automaker is letting US reservation holders convert their existing deposits into binding purchase contracts—effectively locking them into the current $7,500 federal tax credit before any new legislation takes effect.

Here's the catch: the proposed Inflation Reduction Act includes a North American production requirement. Since Fisker Ocean production happens in Austria (at Magna's carbon-neutral facility in Graz), vehicles built there would lose eligibility under the new rules. That's why Fisker is pushing reservation holders to sign binding contracts now, while the existing tax credit still applies. Reservation holders don't need to put up extra cash—existing $250 or $100 deposits simply convert to non-refundable orders.

**Pricing and Production Timeline**

Fisker Ocean pricing starts at $37,499 for the base Sport trim, with the Ultra at $49,999 and Extreme reaching $68,999. The five-passenger SUV is designed in Manhattan Beach, California, and Fisker has confirmed production begins November 17, 2022. The company projects ramping to 40,000-50,000 units throughout 2023, which would represent significant scale for the young EV maker.

CEO Henrik Fisker emphasized the company's commitment to sustainability, noting the Austrian production facility's carbon-neutral operations. The move also addresses a vocal customer base—5,000 reservation holders recently committed $5,000 each to secure launch edition vehicles, signaling strong pre-launch demand.

**What This Means for Buyers**

The income cap under current law is $150,000 for single filers and $300,000 for couples, making the tax credit accessible to many EV shoppers. By moving now, qualifying US-based buyers can sidestep the uncertainty around whether future legislation will restrict access. However, the company notes this isn't legal or tax advice—reservation holders should consult tax professionals before making purchase decisions tied to any federal credit assumptions.

This approach reflects Fisker's asset-light manufacturing model with Magna, allowing faster time-to-market and lower fixed costs compared to fully integrated production operations.