The Strategic Project for Recovery and Economic Transformation (PERTE) of electric and connected vehicle that the Government presented at Moncloa in front of representatives of the automotive, energy and new technologies sector will play a crucial role in the coming years to boost the Spanish economy.

The PERTE will involve an investment of 4,295 million euros to be financed with funds from the European Union. The rest, about 19,700 million euros, will come from private investment.

The Government expects the PERTE VEC to generate 242,000 jobs and add 25.7 billion euros to GDP.

18,572 of those millions will come from the investments planned in the electric car value chain. Another 6,900 will be generated by measures aimed at facilitating citizens’ access to electric vehicles.

The PERTE VEC is the first and most important of the seven major projects that the State is going to promote with European funds. The objective is to turn Spain into a large electric car operations center. In Spain, the mineral for batteries will be extracted, these will be manufactured, cars will be produced and later distributed to national and international sales channels.

The PERTE VEC is a vital project for an industry that currently contributes 8% of GDP and generates 9% of national jobs.

Spain, international epicenter

The Volkswagen group is willing to make Spain the epicenter of its strategy for urban cars (something essential for the Landaben plant in Navarra) and to set up its third battery factory, out of a total of six, in our country.

In addition, Seat is going to launch, together with other large companies such as Telefónica and Iberdrola, the Future Fast Forward project to create the first 100% Spanish connected electric car.

For this, Seat has the auxiliary automotive industry in our country. Industry that currently works with all groups operating in Spain. These are companies such as Antolín or Gestamp, that generate hundreds of thousands of jobs around the different production plants that exist in our country.

The Government believes that 250,000 registered electric vehicles can be reached by 2023 and between 80,000 and 110,000 recharging points deployed.

A vital project

The magnitude of the PERTE VEC approved by the Government makes it a vital project. First of all, because it positions us at the head of a key industry in Europe. Second, because it guarantees the future of one of our main industries. Industry that at this moment, and without PERTE, would be doomed to disappear.

The PERTE VEC will transform the Spanish automotive industry, but it will also help retrain workers into higher value-added jobs. In addition, it will allow the cementing of a future export industry that will be the driving force for new investments, both public and private, around it.

The plan will require the deployment of a network of chargers throughout the country. It will also involve the deployment and development of 5G, which in turn will allow the updating of old roads. in new connected road infrastructures that increase safety and allow energy savings.

The PERTE VEC will mean a radical transformation of the automotive sector that will help modernize and revitalize the productive fabric, and that will generate wealth and employment for the Spanish. Hence the importance of the plan being successful. Our country, the second largest vehicle manufacturer in Europe and the ninth in the world, you play a lot with it.

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