The Minister of Industry, Trade and Tourism, Hector Gomez, announced that the second phase of the Electric and Connected Vehicle Recovery and Economic Transformation Strategic Project, known as Perte VEC, has published the call for batteries and the electric vehicle value chain.
During a press briefing following the Council of Ministers, Gomez confirmed that in the first half of July a window will open for projects to submit proposals under a simple competition framework. This window will allow eligible participants to present their projects in a straightforward process aligned with the goals of Perte VEC.
The minister explained that Block A of Perte VEC’s second call on batteries will total 850 million euros, with 550 million euros provided as grants and 287 million euros offered as loans. This financial structure aims to accelerate the development of the electric vehicle ecosystem and strengthen the supply chain across the sector.
The European Commission has published a new exemption regulation by category that excludes Block B from Perte VEC II, focusing on projects dedicated to advancing electric vehicle adoption. The government began the corresponding procedures with the Commission’s delegates following the regulation’s release and will announce both the Block B call and its final terms soon, according to the minister.
Gomez noted that the call represents strong support for electric mobility and its market penetration. He highlighted ongoing collaboration with the Ministry of Transition on charging infrastructure and stated that all measures have been coordinated with industry to promote a sector considered essential and a backbone of the economy.
He added that there is an objective to narrow the gap with other European Union countries, underscoring the commitment to speeding up deployment and adoption of electric vehicles across the region.
European funds supplementation
Additionally, the Minister of Industry indicated that a very important supplementary allocation would be added to the European fund framework to support the third call of Perte VEC. This adjustment reflects a strategic extension of the program beyond the second stage and commits resources to sustaining momentum in the electric vehicle value chain.
The third call will be equipped with approximately 1.45 billion euros, distributed as 1.2 billion euros in loans and around 250 million euros in grants, as previously announced. The government is framing the transition as a continuous sequence of stages—from VEC II to VEC III—aimed at driving substantial investment in charging points, incentives, and policy measures that collectively have the potential to shift market dynamics.
The minister emphasized that the combined efforts in charging infrastructure, consumer incentives, and regulatory clarity are expected to narrow the current penetration gap relative to the European average. The objective is to achieve a marked improvement in the share of electric vehicles within the national vehicle fleet and to solidify the country’s position as a leader in sustainable mobility within the region.