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It's Been a Turbulent Journey With Our Long-Term Fisker Ocean

We've weathered stormy seas with our Fisker Ocean — are calmer waters ahead?

Edmunds long-term Fisker Ocean update
  • We bought a Fisker Ocean for $69,012 in January 2024.
  • It's lost 69% of its value in just three months.
  • Has a big software update solved any of our problems?

The start of our Fisker Ocean ownership journey has been bumpy, to say the least. We experienced numerous software glitches, a key that didn’t want to unlock our vehicle, and a hill-hold feature that was more of a hill-pause. Then came the gut punch: Our Ocean has lost 69% of its value in the three months we’ve owned it. Ouch.

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Am I Ready for an EV?

  • EV ownership works best if you can charge (240V) at home or at work This typically means a 240V home installation, but you could also have a similar setup at your office or other places your car is already parked for several hours each day. Don't expect a regular household outlet (120V) to suffice unless you've got a plug-in hybrid, in which case overnight charging at home is feasible.
  • If you can’t charge at home, charging at a charging station could take at least 10x longer than at a gas station With public charging infrastructure still in its infancy, the user experience can be maddeningly inconsistent. Tesla owners tend to rave about the reliability and speed of the company's proprietary Supercharger stations, but rival DC fast options have thus far been plagued by technical issues and overcrowding. It's an evolving landscape and our best advice is to do your research on the available options for the EV you want to buy.
  • Adding a 240V home charging system could cost up to $1,600 or more If your existing electrical service can handle the additional demands of EV charging, you may be able to add Level 2 charging at home for less than a grand, including installation. But your costs will multiply if you need to upgrade your electrical panel or add a dedicated circuit.

That news came shortly after Fisker dramatically cut prices on the Ocean. That happened before Fisker was delisted from the New York Stock Exchange but after the company released Version 2.0 of the Ocean's software. So, did the update solve any of our Ocean's problems? Where does Fisker go from here? And why do we recommend you stay away from this start-up electric vehicle? Check out our video.

Edmunds says

Here's hoping our Ocean can eventually find its way out of rough waters.