- Spain provisionally allocates EUR 134.7 million to 34 projects under the PERTE Electric and Connected Vehicle program.
- Total PERTE VEC funding now exceeds EUR 2.35 billion, benefiting 330 companies and accelerating automotive sector transformation.
The PERTE Electric and Connected Vehicle program continues to strengthen Spain?s automotive ecosystem with fresh financial support aimed at accelerating electrification and digital mobility initiatives. On February 19, the Ministry of Industry and Tourism announced the provisional allocation of EUR 134.7 million under the value chain line (Section B) of the fourth call for proposals. This latest funding round reinforces Spain?s strategy to modernize its automotive sector through innovation, industrial scale-up, and competitive value chain integration.
EUR 134.7 Million Allocated to 34 Projects
The Ministry of Industry and Tourism confirmed that the provisional allocation of EUR 134.7 million will support 34 projects under the PERTE Electric and Connected Vehicle program. The funding is directed through the value chain line, focusing on strengthening key industrial segments that enable electric and connected vehicle development.
This allocation forms part of the fourth call for proposals and reflects continued momentum in advancing Spain?s automotive sector transformation. The selected initiatives are designed to enhance industrial capacity, technological capabilities, and supply chain resilience across the mobility ecosystem.
PERTE VEC as a Strategic Transformation Driver
With this latest round, total funding granted under PERTE VEC now exceeds EUR 2.35 billion, benefiting 330 companies to date. The PERTE Electric and Connected Vehicle program has emerged as a cornerstone initiative for accelerating the transition toward electrified and connected mobility solutions.
The program targets the full automotive value chain, from component manufacturing to advanced systems integration. By mobilizing public investment, it seeks to position Spain automotive industry as a competitive European hub for electric vehicle production and connected mobility technologies.
Value Chain Line and Industrial Impact
The value chain line plays a critical role in reinforcing upstream and downstream industrial capabilities. By supporting projects across multiple stages of development, the PERTE Electric and Connected Vehicle program enhances collaboration among manufacturers, suppliers, and technology providers.
This coordinated approach strengthens industrial depth while ensuring that electrification initiatives generate employment, technological innovation, and sustainable economic growth.
Importance for the Spanish Economy
The automotive sector represents a strategic pillar of the Spanish economy due to its industrial footprint, technological relevance, and employment generation. Through sustained support under the PERTE Electric and Connected Vehicle program, Spain aims to secure long-term competitiveness in an increasingly electrified global market.
By exceeding EUR 2.35 billion in cumulative allocations, PERTE VEC demonstrates strong institutional commitment to automotive sector transformation. Continued investment through structured funding calls ensures that Spain automotive industry remains aligned with evolving electrification and connected mobility trends.
The PERTE Electric and Connected Vehicle program therefore stands as a central mechanism for reinforcing industrial resilience, promoting innovation, and driving sustainable mobility development across Spain.
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