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U.S. manufacturing would make certain vehicle models eligible
for a tax credit under the Inflation Reduction Act, a $430
billion bill focused on lowering healthcare costs, promoting
clean energy and increasing corporate taxes.
The California-based company also said it has sold out the Sport
and Ultra variants of the Ocean vehicle that it planned to
produce in 2023 for the U.S. market.
Demand for electric vehicles has surged as countries worldwide
chase cleaner transport options and seek to achieve net-zero
carbon emissions targets to tackle climate change.
Production of the Ocean sports utility vehicle (SUV) is slated
to begin this November at contract manufacturer Magna
International's Austrian unit.
"Yes, we are flexible and capable of supporting our customer's
needs and/or schedule requirements," Magna said on Friday, when
asked for comment on Fisker mulling the 2023 production
increase.
Over the weekend, Fisker said it had reached out to U.S.
customers who have pre-ordered to ensure they have the
opportunity to retain eligibility for the $7,500 federal tax
credit for EVs should the Inflation Reduction Act be signed into
law.
To be eligible for the credit, vehicles must be assembled in
North America, which would make some current EVs ineligible as
soon as the bill takes effect.
U.S. House Speaker Nancy Pelosi said on Wednesday the House of
Representatives would pass the Inflation Reduction Act on
Friday.
(Reporting by Akash Sriram and Kannaki Deka in Bengaluru;
Editing by Devika Syamnath)
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