The Ministry of Industry plans to launch a third call for the automotive Perte VEC that will be added to the previous two and that will be financed from the funds that Spain receives related to the addendum to the Recovery Plan sent to Brussels, according to department sources. Directed by Hector Gomez.
The minister has also indicated, in a conference organized by El Español, that this third call will have an endowment of 1,200 million euros and that the forecast is that all the funds provided for the first two will be exhausted.
The third call, they indicate from the ministry, will have a part of loans and another part of subsidies. The addendum is intended to strengthen key sectors and strategic projects, and the electric vehicle is one of the main ones.
The new amount will be added to the slightly more than 790 million euros of the first call and the 2,200 million of the second, whose order of bases will foreseeably be launched on July 1 and in which 834 million euros will be reserved for projects of batteries. The rest will correspond to individual initiatives, which no longer have to be accompanied by business consortia.
The idea is that the aid that is released from now on is adapted to simple competition processes in which the participation conditions are made more flexible and the categories of projects likely to be supported are increased.
The new funds will come from the 94,344 million euros requested by the Government from Brussels as part of the Recovery Plan. The term of execution of the projects will be until 2026, but the companies hope to extend it until 2028.
While preparing the third call, Industry is finalizing the ministerial order for the second, which will have two sections, A, on electric vehicle batteries, in which the investment plan will consist of a single project, and B, on the vehicle electrical and connected, in which the investment plan may be made up of more than one project.
