Fisker unveils Fisker Pear EV to undercut Tesla Model 3 — and it's only $29K

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Fisker's second EV aims to be a lot more affordable

fisker pear ev concept art
(Image credit: Fisker)

Update: Fisker is going high-end too, and has started teasing the Fisker Ronin — a convertible sports car with over 600 miles of range

Fisker is jumping both feet first into the affordable electric vehicle market with Project PEAR. The car that spawned from this move, the Fisker Pear EV, is now available to be reserved.

We don’t know a whole lot about the car right now, other than the fact it has a five-seat configuration. But it's being called an "urban EV" which suggests it’ll be a more compact model than the upcoming Fisker Ocean.

There is one downside, though. The Fisker Pear isn't going to be sitting on your driveway this year. Or even next year. Deliveries are supposed to start in 2024 which feels quite a long way away.

There are concerns to go with that downside, too. As Engadget has rightly pointed out, Fisker's only just coming back from the dead after a merger with Spartan Energy Acquisition and production on the Ocean, its first car, won’t begin until later this year. 

Then there's the question of what the EV market will look like by the time the Pear rolls off the production line. There are already electric cars available at this price point right now. Not many, but that could well change in the next two years as competition between automakers ramps up. 

Then there's the manufacturing itself. Fisker has partnered with Foxconn, a company best known for building iPhones. The Pear will be produced in Ohio with a minimum initial production of 250,000 units per year.

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Oliver Haslam
Oliver Haslam
Contributing writer

Oliver is a contributing writer for Tom's Guide based in the U.K. who has covered the tech world for more than a decade. His writing has appeared in titles such as How-To Geek, PC Mag, iDownloadBlog, iMore and TechRadar. Oliver covers general computing and mobile news but predominantly writes about car tech and EVs for Tom's Guide. He's been gaming since the days of Atari and is always trying to discover the next great mobile game. He's still looking.