In 2021, Spain will invest 4.3 billion euros to accelerate the development of its electric vehicle industry
Writer： Hengfeng you electric Time：2023-06-12 views：times
In 2021, Spain will invest 4.3 billion euros to accelerate the development of its electric vehicle industry
Source: hengfengyou electric Author: Martin time: July 26, 2021
Spanish Prime Minister Pedro Sanchez said on July 12, 2021 that as part of a major national expenditure project in Spain, the Spanish government will invest 4.3 billion euros to promote the production of electric vehicles (EV) in Spain, which will involve a complete supply chain, including the extraction of metal lithium, the production and recycling of batteries, the production of electric vehicles Supporting urban charging pile, etc. The EU's national economic recovery fund is the main source of funding for this project.
Spain is the second largest automobile producer in Europe after Germany and the eighth largest automobile producer in the world. After the completion of the investment, the contribution of the Spanish automobile industry to the country's GDP will be increased from the current 10% to 15%, which will bring up to 150000 new jobs and drive the GDP growth of 1% to 1.7%. Facing the electric development of the automobile industry, Spain and Germany and France, the main European competitors, are also competing to develop supply chains and production bases.
The Spanish government is committed to making the automotive industry meet the increasingly stringent emission reduction standards of the European Union. Data show that by 2030, 5 million electric vehicles are expected to be on the road in Spain and 46 million in the EU electric vehicle market. Insiders said that the electrification trend is bringing many challenges to the Spanish automobile industry, such as the development of electric technology, the construction of charging pile power distribution, power grid power distribution and infrastructure construction to adapt to the development of electric vehicles.
Not long ago, the EU successively approved the economic recovery plans of many member states and began to allocate EU economic recovery funds to them. The EU requires Member States to focus their economic recovery plans on climate change and digitization. In June 2021, the EU preliminarily approved the Spanish economic recovery plan. The EU plans to provide a total of 69.5 billion euros to Spain within six years for economic structural reform, job creation and "green and digital transformation", of which 19 billion euros will be in place this year. According to a report on the website of Spain's national newspaper, electrification is an important part of the climate change response plan. It has gained a dominant position in the production chain of lithium, copper, cobalt, rare earth and other raw materials and renewable energy, and has become a major issue related to national security and a source of a lot of wealth. Countries can influence the green energy system in three ways: exporting electricity or sustainable fuels, controlling the supply of raw materials and mastering the technical advantages of electric vehicle batteries.
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