Global Trade Alert
Global Trade Alert

Spain: Introduction of EUR 837 million state aid scheme to fund electric vehicles battery

Announcement

11 May 2023

In May 2023, the European Commission approved EUR 837 million state aid scheme to fund sectors engaged in activities related to electric vehicles battery. 

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

11 May 2023

Revocation date:

31 Dec 2023

Announced: 11 May 2023
State loan
On 11 May 2023, the European Commission approved a EUR 287 (USD 313) million state loan measure from Spain. The aid will support companies operating in the production of lithium alloys, nickel, mangan...
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Implementation date

11 May 2023

Revocation date:

21 Sep 2023

Removed: 31 Dec 2023
Financial grant
On 11 May 2023, the European Commission approved a EUR 550 (USD 600) million financial grant measure from Spain. The aid will support companies operating in the production of lithium alloys, nickel, m...
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