Skoda Auto to invest Euro 5.6 billion for electric vehicles, plans a small affordable SUV EV by 2025

The Czech car maker however reiterated that cars with modern and highly efficient internal combustion engines and plug-in hybrid powertrains will continue to be an important mainstay during the transformation phase.

26 Apr 2023 | 4516 Views | By Ketan Thakkar

With a commitment of Euro 5.6 billion, Skoda Auto is accelerating its electrification strategy with plans to launch six battery electric vehicles by 2026. The company plans to enter the affordable small EV market by 2025 with a target price of Euro 25,000, Klaus Zellmer, the Global CEO of Skoda ...

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