How much money does Slovakia invest in electromobility?

It is worth EUR 1.2 billion and it focuses on battery production. Slovakia secured another significant investment on electromobility. A joint undertaking of the Chinese Group Gotion and the Slovak Company InoBat plans to construct a battery production plant for electric vehicles in the Lower Nitra Region.

Does Slovakia offer financial support for electric cars?

Currently, no form of financial support is provided in Slovakia that would motivate households to buy electric vehicles. The country’s sales of low-emission vehicles at a mere 3 percent (out of 90,074 new car registrations in 2022), which is deeply below the European average of around 19 percent.

When will Volvo Cars start production in Slovakia?

Volvo Cars, as the fifth vehicle manufacturer located in Eastern Slovakia plans to have equipment and production lines installed during 2024 and start its 250,000-capacity serial production of pure electric next generation vehicles in 2026. With184 cars per 1,000 inhabitants Slovakia remains an automotive powerhouse.

Why should we invest in the Slovak economy?

We expect this cooperation to have a positive effect on our economy in the long term and it will also contribute to further development of the innovation potential of our country,” highlighted the Deputy Prime Minister and Minister of Economy of the Slovak Republic Denisa Saková in connection with the importance of the investment for Slovakia.

When will Slovak government update its action plan for Electromobility?

In June 2023 Slovak government approved an update of its 2019 Action Plan for the Development of Electromobility.