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Spain Earmarks New EV-Industry Funds as Automakers Warn Europe Is Falling Behind

Spain moved to bolster its auto supply chain with €134.7 million for 34 Perte VEC IV projects.

Overview

  • Industry group ANFAC warned that Spain is losing roughly 400,000 cars of annual manufacturing output despite rising electrified vehicle demand.
  • Vehicle sales in Spain grew 12% last year with about 100,000 electric cars sold and a 20% share for electrified models, while production and exports fell.
  • ACEA president Ola Källenius called for EU measures including infrastructure investment stimuli, purchase incentives, and flexible, pragmatic targets.
  • ACEA noted that manufacturers and suppliers in Europe have invested more than €300 billion in electrification and decarbonization over the past five years.
  • Sector leaders highlighted Plan Auto 2030 as the common strategy to steer factory transitions and reinforce the domestic automotive value chain.