Skoda Peaq EV Unveiled: What It Means for Your Novated Lease

A new all-electric seven-seater has entered the chat. Skoda has unveiled the 2026 Peaq, a three-row SUV with up to 647km of claimed range — squarely aimed at the Kia EV9, Hyundai Ioniq 9, and Volvo EX90. According to EVcentral, the Peaq is Skoda's flagship electric offering and marks a serious push into the premium family-SUV space.

For Australian families who need seven seats and want to run their car through a novated lease, the electric large-SUV segment is suddenly a lot more interesting. More competition tends to mean better pricing — and better pricing matters a lot when you're structuring a lease.

What this means for novated lease customers

The key reason any of this matters to a salary packager is the FBT exemption for eligible battery electric vehicles. Under current legislation, BEVs under the luxury car tax threshold for fuel-efficient vehicles can be packaged through a novated lease with zero fringe benefits tax — meaning your employer pays no FBT and you fund the car entirely from pre-tax salary. The Peaq hasn't been priced for Australia yet, so we can't tell you whether it will sit under that threshold. That's something to watch closely when local pricing drops.

What we can say is this: if the Peaq lands at a competitive price point — which Skoda typically aims for relative to German-brand rivals — it could become one of the more accessible ways to put a genuine three-row electric SUV on a novated lease. The EV9 and Ioniq 9 are already popular in this space. A third credible option with strong range figures gives families real choice rather than a take-it-or-leave-it market.

There's no confirmed Australian launch date or pricing yet. If you're in the market for a seven-seat EV and a novated lease, it's worth building a comparison now — across the Peaq, EV9, and Ioniq 9 — so you're ready to move when stock arrives.

Common questions