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Global Trade Alert

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Spain: EUR 3 billion in grants and loans to RDI activities on electric and connected vehicles

Description

On 9 December 2021, the European Commission approved a EUR 3 billion (USD 3.4 billion) Spanish state aid scheme to support the value chain of electric and connected vehicles. The scheme provides, amon...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

09 Dec 2021

Revocation date

31 Dec 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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