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Spain to kick-start shift towards Electric vehicles with €4.3B from the funds received by EU
Spain announced its electric vehicle transformation as most countries are pushing towards zero carbon emission goals. Despite slow uptake in the industry, the country is adding this as a part of its major national spending program. The program is financed by European Union Recovery Funds.
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Spain’s prime minister, Pedro Sanchez announced that the government plan would include giving grants to companies to build battery plants, whole production chains and boost EV manufacturing. He added, “It is important for Spain to react and to anticipate this transformation in Europe’s automotive sector”. The government estimates that Spain’s private sector could contribute 19.7 billion euros in the coming three years. ....

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