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Spain - Industry

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Spain is the third largest European manufacturer of cars and the largest manufacturer of light commercial vehicles in Europe.

In 2009, the Ministry of Industry Trade and Tourism gave 56 M€ towards electric vehicle manufacturing in Spain, along with automakers SEAT, Renault, Nissan and Peugeot investing 88 M€ in Spain’s EV industry. The Ministry created a guarantee plan to facilitate financing for investments in the automotive sector that includes €1 billion, presented in the 2010 budget assigned to the Ministry of Industry to support projects and actions principally oriented to HEVs and EVs.