Skoda’s electric vehicles are dominating Europe, and their success does not harm the brand’s profitability.

While Volkswagen and CUPRA are facing pressure on their profit margins due to higher sales of their electric cars, Skoda is in a very different situation. Despite the success of the Elroq and Enyaq, which are among the most popular electric sedans in the European market, the Czech brand managed to achieve a healthy 8.3% profit margin in the first nine months of the year.

From January to September, electric and plug-in hybrid cars accounted for 29.8% of its sales volume on the old continent, a significant increase from 24.1% in the same period last year. Things are set to improve further in the short term, as the company has just launched two new electric models almost simultaneously: the Epiq and the Peaq.

The first is set to become the brand’s new entry-level electric vehicle, with initial data showing very high demand. The second will serve as the brand’s new flagship model, positioned at the top (hence its name) of the range. The impact of these additions on Skoda’s sales should become evident by next year.

Globally, Skoda delivered 203,100 electric and plug-in hybrid cars in the first nine months of 2026, representing a 34.7% year-on-year increase. Focusing on fully electric models, they accounted for the bulk of deliveries at 167,400 units, an increase of 41.3% compared to 2025.

Skoda Elroq and Eyaq rank in Europe’s top 4

92,200 Elroqs were delivered, representing a 52.7% increase from last year. The Enyaq saw 72,700 units delivered. In Europe’s electric car sales rankings, the Elroq and Enyaq placed third and fourth respectively. This helped Skoda become the fifth brand to sell the most electric cars in the region, which is impressive considering it previously offered only two models.

The Elroq was also the best-selling electric car in Germany, Denmark, and Slovakia during this period, while the Enyaq led in the Czech Republic. The Epiq and Peaq combined have already received over 82,000 orders, so it’s not surprising that Skoda could climb even higher in the coming months.

"In the first nine months, we increased deliveries by 6.1% and maintained our position as Europe’s second-best-selling car brand, while boosting operating profit by 7.4% and achieving a sales margin of 8.3%. This is the result of our broader and more updated model lineup, financial discipline, and ongoing efficiency improvements," says Holger Peters, Skoda’s interim CEO.

Source | ecomento