The PERTE for electric and connected vehicles will mobilise 11,855 million euros in 13 projects

News - 9.6.2022

The call for proposals for integrated actions in the industrial chain of the electric and connected vehicle within the PERTE of the Electric and Connected Vehicle has received applications from 13 tractor projects worth 5,927 million euros of eligible investment comprising 487 primary projects involving 327 companies.

It is expected that for every euro of public investment they will trigger 4 euros of private investment. Therefore, the 13 applications submitted will mobilise 11,855 million euros in investments, between public aid and private financing. All the major car manufacturers with a presence in our country are involved in some of the projects presented, which demonstrates the interest of the major brands in Spain.

For the Minister for Industry, Trade and Tourism, Reyes Maroto, "this data confirms that the PERTE public-private partnership model works to attract industrial transformation projects, with a scheme that prioritises the role of SMEs and contributes to balanced territorial development. With this new industrial policy we are helping to strengthen our industrial autonomy but also to write a success story for the Spanish and European automotive industry, which is going to make disruptive changes in its value chain and business model that will enable it to maintain its global leadership. The PERTE model works in a scheme in which SMEs will be the main players.

SMEs represent 55.7% of the participating entities, followed by large companies, which represent 38.8%. Public universities, state-level technology centres and non-profit organisations, among others, make up 5.5%.

The projects are geographically distributed throughout the peninsula. In terms of the number of projects presented, Catalonia stands out with 89 and the Valencian Community with 82, followed by the Basque Country with 39, while in terms of investment mobilised, the Valencian Community is in first place, followed by Catalonia and Extremadura.

Finally, the primary projects submitted to this call fall into different lines of action: R&D&I projects account for 60% of the primary projects; innovation projects in sustainability and energy efficiency account for 20% of the proposals; regional investment projects account for 16.3%; and training projects related to the electric and connected vehicle value chain account for 3.9%.

This call is framed and co-financed within the Recovery, Transformation and Resilience Plan and represents the first PERTE approved by the Council of Ministers, a new form of public-private partnership.

In the coming months, the call for proposals will be resolved and the successful projects will be announced.

Non official translation