The second call to apply for Perte VEC aid is open

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2023-08-18 13:30:01

08/18/2023 at 1:30 p.m.

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The second phase of the Strategic Project for the Recovery and Economic Transformation of the Electric and Connected Vehicle (Perte VEC) is now open, aimed at the value chain of the electric and connected vehicle authorized by the Government.

This line has a budget of 559 million euros, of which the maximum total amount called will be 344.42 million euros in the form of a grant and 215.24 million in the form of loans, which will be repayable at the interest rate of the 2.88% and with a total repayment term of 10 years with a 3-year grace period.

will be available until september 15and the resolution of projects will be by a simple competition system, that is, by order of arrival as well as the possibility of presenting individual projects instead of around a driving project.

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This line is intended to support investments linked to the industrial value chain of the electric and connected vehicle, as well as its systems, subsystems and components, in addition to some necessary auxiliary infrastructure systems.

Acting Minister of Industry, Commerce and Tourism, Hector Gomezhas assured that “this is a decisive step” that responds to the demands of the automotive sector in Spain and that places Spain “at the forefront of green and sustainable mobility in Europe”.

In total, between the two lines, the one published this Thursday and the one related to the production of batteries, the budget reaches 1,409 million euros.

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