The Government launches Perte VEC II: the window for batteries will be open from July 17

The order of bases for the electric and connected vehicle value chain and the call for batteries are published in the BOE.

The Government launches Perte VEC II: the window for batteries will be open from July 17

The order of bases for the electric and connected vehicle value chain and the call for batteries are published in the BOE

MADRID, 7 Jul. (EUROPA PRESS) -

The Government has published the second call for the Strategic Project for the Recovery and Economic Transformation of the Electric and Connected Vehicle (Perte VEC) for the first line, endowed with 850 million euros and intended to help battery production projects. The window of this line will be open from July 17 to September 15.

This is what the Executive published this Friday in the Official State Gazette (BOE), which also includes the order of regulatory bases for the second line, intended for the electric and connected vehicle value chain, and whose call will be published "in the next few days", after the European Union published the Block Exemption Regulation.

In the first line, the one published this Friday related to batteries, the funds allocated will be 850 million euros, of which 550 million are grants and the remaining 287 million are granted in the format of loans. The maximum aid that a company that produces batteries, their components and related raw materials will be able to opt for will be up to 300 million euros.

In this sense, the aid will range between 150 million and 300 million euros for investment in the field of batteries, depending on whether it is carried out in an assisted area; while for investments in essential components the aid will not exceed 100 million euros, and in the case of those destined to raw materials, the amount will not exceed 25 million euros. In addition, this call will be granted to the beneficiaries, as a maximum date, December 31, 2025.

Among the main novelties of Perte VEC II is the resolution of projects 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.

In a statement, the Minister of Industry, Commerce and Tourism, Héctor Gómez, has shown his conviction that these funds will "run out", while remarking that Spain "will be up to the industrial challenge" and that it will to "lead sustainable mobility in Europe".

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