Volkswagen and Renault plan to request funds from a revamped Spanish government scheme aimed at encouraging electric vehicle production in the country, while Stellantis and newcomer AEHRA may do so, the carmakers told Reuters
of the PERTE scheme around July, worth 2 billion euros after last year's initial funding round flopped, with only 27% of an earmarked 2.9 billion euros allocated.
"Spain tried the best it could with the first but we need to make sure that the second one is a lot better and more flexible," said Wayne Griffiths, chief executive of Volkswagen's"We need to speed up. We can't afford to lose any more time.", which could imply manufacturing additional EVs or assembling batteries in Spain, projects not covered by the funds it received last year.
Jose Maria Lopez, who is now in charge of the programme, said he was confident the scheme's remaining 2 billion euros will be disbursed across twin tenders, for EV and battery production, to be launched around July. Griffiths said using the EU funds is "essential" for Spain's future as some investments would otherwise be non-viable.
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