The Ministry of Industry and Tourism, through the public entity SEPIDES, has launched the fourth call of the Electric and Connected Vehicle PERTE, as published in the Official State Gazette (BOE).
This call is specifically designed to boost the creation of new industrial facilities, expand production capacities at existing plants, and convert production lines to manufacture innovative products that were not previously produced.
Framed within the Recovery, Transformation and Resilience Plan, this first phase of funding is aimed at implementing investment plans corresponding to Section A of the battery component of the PERTE VEC, with a total budget of €280 million—of which €180 million will be granted as repayable loans and €100 million as direct subsidies.
Specifically, this section supports the production of batteries for electric vehicles, the manufacture of essential battery components, and the production or recovery of critical raw materials needed for the production of batteries and their essential components.
Managed by SEPIDES
The fourth PERTE VEC call, with a total allocation of €1.25 billion, is entirely managed by SEPIDES.
It follows the path set by the Government to continue driving the rollout of the European Automotive Plan across Europe, supporting the transformation of the sector by strengthening production and the battery value chain, expanding the charging infrastructure across the European network, and activating incentives to promote the purchase of European electric vehicles, as stated by the Minister of Industry and Tourism last April.
Through this initiative, SEPIDES will contribute to increasing the total investment amount achieved through the three previous calls of the PERTE VEC batteries program, which has already exceeded €900 million.
Call Features
The funding may be requested by commercial companies with their own legal personality, provided they meet the requirements established in Order ICT/736/2023, dated July 5, and operate in the sectors listed in Annex I of the call.
The loans will carry a fixed interest rate of 2.727%, with a repayment term of 10 years and a grace period of 3 years.
The application period will open on July 7, 2025, at 10:00 a.m. and will close on July 17, 2025, at 2:00 p.m.
Full information about the call is available on the SEPIDES website.
IMAGE. Vehicle production factory. | MINCOTUR 13.06.2025
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