Fisker prepares Model S competitor

The current Fisker Karma is priced at $87,900 - not bad for an electric car, but pretty bad when they announced models like Tesla Model S priced at just $49900, or the future Chevrolet Volt that will be also kept in the same $40k area. In conclusion Fisker will also need a cheaper model.

In an interview with Inside Line, Fisker spokesman Russell Datz said: "One of the future products we have is something that is significantly less than what will be on the market first. It may be a step above [the Chevrolet Volt and Tesla Motors Model S], but it’s hard to say right now."

He gave no name for the future model, but he confirmed that future plans include a lower-cost vehicle.