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SPAIN APPROVES €4.3 BILLION RECOVERY PLAN TO INTEGRATE NATIONAL EV VALUE CHAIN

The EU Next Generation mechanism will enable the mobilisation of another €19 billion in private investment, bringing the total amount to approximately €24 billion between 2021 and 2023.

PERTE is part of a €13 billion commitment to the sustainable transformation to eMobility. Spain is expected to receive €70 billion in grants from the €140 billion committed in grants and low interest loans under the EU’s €750 billion recovery and resilience packages.

"The government firmly believes in the capacity, the industrial potential of our country, to face this challenge, which will affect the entire production chain, from the extraction of raw materials such as lithium... in short, the automotive industry is going to receive public support throughout the manufacturing process".

https://www.openbriefing.com/AsxDownload.aspx?pdfUrl=Report%2FComNews%2F20210714%2F02395117.pdf