The European Commission has approved, under EU State aid rules, a €3 billion Spanish scheme to support research, development and innovation (RD&I), as well as environmental protection and energy efficiency measures of companies in the value chain for electric and connected vehicles, European Commission Executive Vice-President for Competition Policy  Margrethe Vestager said.

According to the Commission, the measure will help Spain to accelerate the transition towards a more sustainable and connected mobility, without unduly distorting competition. The scheme will be partly funded by the Recovery and Resilience Facility (‘RRF’), following the Commission’s positive assessment of the Spanish Recovery and Resilience Plan and its adoption by the Council.

https://www.neweurope.eu/article/eu-approves-e3-billion-spanish-scheme-to-support-electric-vehicles/

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