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Global Trade Alert

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Spain: Introduction of financial grant scheme for the development of projects related to hybrid and electric vehicles

Description

On 18 July 2023, the Spanish Council of Ministers approved Royal Decree 661/2023 implementing a EUR 40 (USD 44.8) million financial grant scheme to fund innovative projects for the production of hybri...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

21 Aug 2023

Revocation date

23 Oct 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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