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Skoda will bring forward launch of three electric models

Volkswagen Group’s Skoda brand will launch three new electric models by 2026, four years earlier than originally planned, its boss told Handelsblatt business daily.

The Czech carmaker will spend the vast majority of its planned investment on these new models, Skoda CEO Klaus Zellmer added.

This would bring the proportion of electric models in its range to 70 percent by 2030.

“We’re coming with three more electric models by 2026, with more to come. This is earlier than we had previously announced,” Zellmer told Handelsblatt in a interview published on Wednesday.

“We are investing 5.6 billion euros by 2026 in electromobility. That is around 80 percent more than we planned a year ago,” Zellmer added.

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