Fisker raises Karma prices by 6 percent image

California-based Fisker Automotive has announced it has raised prices of its Karma sedan by six percent to $102,000 for the base Eco Standard model starting December 15.

The car initially started at about $80,000 and now it has passed the $100,000-mark, even if deliveries haven’t yet begun. The top of the line Eco Chic trim level will now retail for $116,000. The company announced that customers who have already put down a deposit for the Karma must place firm orders until January 15 to benefit from the original price.

Fisker received a $500 million federal loan from the United States but its first model, the Karma, is being built under contract in Finland, a reason for the Congress to question its prospects. To make matters worse, the Karma hybrid has been recently classed by the government as a subcompact car as its batteries occupy a lot if inside space.

“This is the first price increase for the Fisker Karma since December, 2010, and given its advanced technology EVer hybrid technology and comprehensive list of standard features, we believe the Karma represents outstanding value for money compared to the competition in the luxury sports sedan segment,” Fisker spokesman Russell Datz was quoted as saying by USA Today.