Fisker Establishes Environmental Policy in Advance of All-Electric Fisker Ocean's November 2022 Start of Production

• Fisker publishes its Environmental Policy ahead of production, setting the standard for automotive OEMs.
• The Environmental Policy includes statements regarding key initiatives.
• Deliveries of the Fisker Ocean will start shortly after production begins in November 2022 in select European countries and the US.
• The all-electric Fisker Ocean starts at $37,499* in the US.
• The Fisker Ocean is designed and engineered to be the world's most sustainable vehicle.

Fisker Inc. (NYSE: FSR) ("Fisker") – passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions – is publishing its Environmental Policy well in advance of its November 2022 start of production date, in keeping with its commitment to sustainability.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220329005683/en/

Designed by Henrik Fisker, the all-electric Fisker Ocean is a beautiful new icon of sustainable mobility. While keeping the design language and functionality of an SUV, the Fisker Ocean features a dramatically sculpted exterior with an aggressive stance, clean lines, sleek surfaces, ultra-slim lighting, and modern cubist sculptural shapes. Push a button and eight glass panels open simultaneously to transform a versatile SUV into a coastline-cruising convertible. With our exclusive California Mode, you can drop the front windows, both rear-seat windows, both rear Doggie windows next to the D-pillar, and the Rear Lift Gate Window while opening the SolarSky roof at the same time. You can even load a surfboard through the open rear window. (Photo: Business Wire)

Fisker continues pushing towards a Clean Future for All, setting performance standards applied to the company and its supply chain while staying laser-focused on production of the Fisker Ocean. Publishing its Environmental Policy ensures integration of Fisker's sustainability and social impact into every company practice.

"We are publishing our Environmental Policy because transparency builds confidence in our mission and our products. It's unusual for a new company to publicly commit to people and the planet, but this is fundamentally who we are at Fisker," says CEO Henrik Fisker. "We are always innovating and pushing the boundaries to lower our carbon footprint. But we cannot do this alone; our fantastic supply chain must join us in this quest, including the carbon-neutral production facility in Austria assembling the Fisker Ocean. We want other companies to learn from what we do, to build a community focused on what matters."

The Fisker Ocean is designed and engineered to be the world's most sustainable vehicle. The all-electric Fisker Ocean SUV starts at $37,499* in the US, with additional pricing, range, and specifications available at www.fiskerinc.com.

The Fisker Environmental Policy sets performance standards aligned with widely accepted criteria, greenhouse gas protocol, and regulatory bodies such as ISO (International Organization for Standardization). The policy outlines the company's push toward renewable energy sourcing and makes strong ecology statements against arctic shipping and deep seabed mining.

The full policy is available here.

*Pricing shown is for the continental US and excludes delivery, finance and government charges. Maintenance is not included. Pricing depends upon specifications and options chosen by you as you configure your actual vehicle closer to production. Pricing does not include various state and federal incentives and benefits which may be available to you. Learn more for your area by clicking HERE.

About Fisker Inc.

California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world's most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker's social media channels: Facebook, Instagram, Twitter, YouTube, and LinkedIn.

Download the revolutionary new Fisker mobile app from the App Store or Google Play store.

Forward-Looking Statements

This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel," "believes," expects," "estimates," "projects," "intends," "should," "is to be," or the negative of such terms, or other comparable terminology and include, among other things, the statements regarding the planned start of production, range, and MSRP of the Fisker Ocean, the Company's future performance and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker's limited operating history; Fisker's ability to enter into additional manufacturing and other contracts with Magna, or other OEMs or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed upon timelines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker's ability to execute its business model, including market acceptance of its planned products and services; Fisker's inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker's inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker's Annual Report on Form 10-K, as amended, under the heading "Risk Factors," filed with the Securities and Exchange Commission (the "SEC"), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Fisker files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

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