Greenway of the European Commission for the aid plan in Spain for the production of batteries for electric and connected vehicles. Brussels has approved this plan, which consists of aid in the form of direct grants and loansthat have the objective of promoting the transition towards a zero emission economy.
These aids, valued at €837 millionform part of the total of 1,415 million euros of which the second call for the PERTE of the electric vehicle in Spainwhich opens next June.
The beneficiaries of these aids will be the companies that produce batteries, their essential components and related raw materials. Investments in the field of batteries will receive a maximum aid of between 100 and 300 million euros, depending on whether they are carried out in an assisted area or not; a maximum of 100 million for investments in essential components and a maximum of 25 million euros for investments in raw materials.
«The establishment of this Spanish aid plan constitutes an important step in the transition to a net zero emissions economywhile protecting a level playing field in the single market in line with cohesion objectives,” said Commission Vice-President and Competition Director in Brussels, Daisy Vestager.
One more than necessary for Spain
it’s a plane”necessary, appropriate and proportionate accelerate the energy transition”, assures the European Commission, and adjust to the conditions established in the Crisis and transition time frameadopted in March 2022 and later revised to take measures to support the economy after the war unleashed in Ukraine.
This same Framework, which is part of the Industrial Plan of the Green Pact of the European Union to define the production of “clean” industries, mark as The deadline for these grants is December 31, 2025.
We will see how this second call for PERTE works in Spain, since the first one was a flopby being awarded “only” 800 million euros out of a total of 3,000 million euros allocated to aid.
These amounts come from the Next Generation Recovery Funds of the European Union and have two lines: the battery ecosystem (the one just approved by the European Commission) and individual projects with an impact on different links in the value chain.
Projects like the Volkswagen battery gigafactory in Sagunto (Valencia) could be one of the projects that can easily receive this aid. The Valencian plant is expected to be operational by the year 2026.
