pain in now firmly on the radar of lithium producers from across the globe after the Spanish government revealed plans to invest billions in establishing the nation as electric vehicle (EV) development hub.
This summer, Spain’s president Pedro Sánchez, presented the “Strategic Project for the Recovery and Economic Transformation” (PERTE) of Electric and Connected Vehicles as a key plank in the government’s planning.
He told a small audience recently that the project will be based on public-private partnership and focused on strengthening the value chains of the Spanish automotive industry, which the government considers as a strategic sector.
“Our priority is economic, social and territorial recovery. And to achieve a vigorous recovery we cannot be satisfied with returning to the point prior to COVID, but we must transform our economy,” he said.
He noted that the Spanish economy must be more productive and create more jobs, as well as being more digital – and green.
The development of the PERTE foresees a total investment of more than €24 billion in the period 2021-2023, with a public sector contribution of €4.3 billion and a private investment of €19.7 billion.
“With this investment to boost electric vehicles, we believe that the sector can increase its weight in GDP by up to 15% by 2030,” Mr Sánchez said.
The president said the aim is to create the necessary ecosystem in Spain to develop and manufacture electric and grid-connected vehicles, and turn the country into the European hub for electromobility.
“The PERTE is aimed at one of the strategic sectors of the Spanish economy, with a tractor effect due to its weight in the national GDP and direct and indirect employment and its contribution to the trade balance.”
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