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.”
Consolidation of quality jobs’ Spain is already the second largest vehicle manufacturer in Europe and the ninth largest in the world. It represents 11% of total industrial turnover. The automotive sector is the fourth largest export sector and represents 15% of total Spanish exports.
To boost and promote the PERTE, the president has announced the creation of an Alliance for Electric and Connected Vehicles, which will involve all relevant stakeholders and ensure permanent dialogue. The ministries involved will be represented in this Alliance, as well as the automotive round table where the representative associations of the automotive sector, trade unions and regional governments are present.
Mr Sánchez said he expects that PERTE in relation to electric vehicles will contribute to the creation and consolidation of quality jobs, as all projects approved will contain a training component to ensure the qualification and requalification of workers.
“In this area I would like to point out that Spain is the first country in which an Academy for Batteries is to be set up. This initiative will enable the training of some 150,000 people in the coming years in the different areas related to the development and manufacture of batteries for electric cars,” he said.
Other expected impacts would be to reach 250,000 registered EVs and between 80,000 and 110,000 charging points deployed by 2023.
“It is important for Spain to react and to anticipate this transformation in Europe’s automotive sector,” the president said.
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