Fisker Inc.'s Sub-$40K All-Electric SUV for 2021

Fisker 40K EV

"At an affordable price point, starting below $40,000, we're delivering a desirable, luxuriously rugged and green vehicle-complete with unique new experiences and technologies-that's accessible to people across the U.S. and the world".

He tweeted the news about the EV SUV on Monday after teasing about it over the weekend.

For the interior, Fisker said there will be a large head-up display and a "unique" interface complemented by high-quality materials.

Fisker has announced an all-new all-electric SUV which is expected to take on the Tesla Model Y when it launches.

Designer Henrik Fisker says the goal with the exterior styling was muscular-meets-elegant, a dramatic aesthetic that would stir emotions.

Fisker previews electric SUV to rival the Tesla Model Y

It's not yet confirmed where the new model will be produced, but Fisker said prototype testing will begin before the end of this year.

The SUV will be powered by a dual-motor system (one at each axle) and have a target range of 300 miles. Reservations for the vehicle will be available closer to the production date. The Fisker EMotion luxury electric sedan was unveiled back at CES 2018, a stunning four-seater with gullwing doors front and rear, and the promise of 400 miles of range.

The move by Fisker comes as Tesla ramps up efforts for more affordable electric cars including a Model 3 priced at $35,000 and a Model Y SUV starting at $39,000. And expect that careful use of the word "enhanced" could correspond to the supplemental use of the solid-state battery tech Fisker has been cheerleading (and co-developing)-or ultracapacitors, perhaps. Power will be supplied by a lithium-ion battery pack with a capacity of approximately 80 kWh. Back in 2018, Fisker suggested it could have automotive-grade batteries ready "sometime after 2020".

The other two more affordable models in the brand's upcoming lineup should follow the EMotion. That'll give Fisker time to continue working on the battery tech - and, presumably, help finance it with the proceeds of the cheaper vehicle, which will use a more traditional li-ion battery pack. That pegs its release about a year after the arrival of the Model Y.

The company projects to eventually have three different vehicles.

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