The president affirms that the new Government will promote the vigorous recovery of the Spanish economy

Moncloa Palace, Madrid

The president pointed to this PERTE, one of the main industrial transformation projects managed in Spain and Europe in recent decades, as an example of the priorities of the new recently reshuffled government, whose goal is to boost the recovery.

"Our priority is Economic, Social and Territorial Recovery. And to achieve a vigorous recovery we cannot be satisfied with returning to the point prior to COVID, but we must transform our economy", explained the president, indicating that the economy must be more productive and job-creating, more digital and green, more inclusive and feminist, with more opportunities for our young people and the territories as a whole. "This is the task, the main objective, of the new government in this new stage: Economic, Social and Territorial Recovery", he insisted.

"This revolution that we are presenting today is structured around two axes of the Recovery, Transformation and Resilience Plan: the so-called green and digital "twin revolutions", which are key to accelerating progress towards a better Spain. We are talking about a new mobility model for a new country model after the pandemic," explained the president.

The development of the PERTE foresees a total investment of more than 24 billion euros in the period 2021-2023, with a public sector contribution of 4.3 billion euros and a private investment of 19.7 billion euros.

"With this investment to boost electric vehicles, we believe that the sector can increase its weight in GDP by up to 15% by 2030", said the head of the Executive.

The aim is to create the necessary ecosystem in Spain to develop and manufacture electric and grid-connected vehicles and turn our country into the European hub for electromobility.

The PERTE is aimed at one of the strategic sectors of the Spanish economy, with a tractor effect due to its weight in the national GDP and direct and indirect employment and its contribution to the trade balance. Spain is the second largest vehicle manufacturer in Europe and the ninth largest in the world. It represents 11% of total industrial turnover. The automotive sector is the fourth largest export sector and represents 15% of total Spanish exports.

To boost and promote this PERTE, the president has announced the creation of an Alliance for Electric and Connected Vehicles, which will involve all relevant stakeholders and ensure permanent dialogue. The ministries involved will be represented in this Alliance, as well as the automotive round table where the representative associations of the automotive sector, trade unions and Regional Governments are present.

Training and quality employment

Foto: Pool Moncloa/Borja Puig de la BellacasaThe job creation generated by the PERTE could reach 140,000 jobs and the contribution to GDP would be between 1% and 1.7%.

The president explained that the PERTE of electric vehicles will contribute to the creation and consolidation of quality jobs, as all projects approved will contain a training component to ensure the qualification and re-qualification of workers. In addition, hundreds of thousands of young people will be trained through the new Professional Training programmes aimed at this sector, as well as through the digital skills programmes, which will be financed with European funds.

"In this area I would like to point out that Spain is the first country in which an Academy for Batteries is to be set up. This initiative will enable the training of some 150,000 people in the coming years in the different areas related to the development and manufacture of batteries for electric cars", explained Pedro Sánchez.

Other expected impacts would be to reach 250,000 registered EVs and between 80,000 and 110,000 charging points deployed by 2023.

Development of the PERTE

The PERTE will be composed of two complementary fields of action:

Transformative measures to boost the electric and connected vehicle value chain, focused on the core segments of the industrial value chain that guarantee the manufacture of these vehicles.

1. Enabling measures, which contribute to both the creation of new mobility and the development of electric vehicles.
2. Among the transformative measures are the integral actions of the electric vehicle industrial chain, a sustainable automotive technology plan, a programme of sectoral data spaces and a programme to integrate artificial intelligence into production processes.

In terms of enabling measures, these include the Moves III Plan, the individual Moves plans, the Climate Change law, the regulation of electric vehicle charging services, the 5G roadmap and its roll out, and a professional training plan.

Non official translation