Overview

• The Spanish government has officially launched the fourth call of the Perte VEC program, allocating €1.25 billion in loans and grants to support electric vehicle projects.
• This phase introduces a new management structure, with the state-owned Sepides fully overseeing the program for the first time.
• Regulatory bases have been published in the Boletín Oficial del Estado, with calls for battery projects expected in the coming weeks, followed by those for the broader value chain.
• The initiative seeks to foster industrial growth by creating new facilities, expanding production capacities, and converting existing lines to produce innovative products.
• Recent data highlights strong growth in Spain’s automotive market, with April registrations up 7.1% and electrified vehicle sales increasing by 80% year-on-year.