FOCUS-Amid risk of stalling in EV race, Spain's rebooted aid

FOCUS-Amid risk of stalling in EV race, Spain's rebooted aid scheme gets warm reception

Volkswagen and Renault plan to request funds from a revamped Spanish government scheme aimed at encouraging electric vehicle (EV) production in the country, while Stellantis and newcomer AEHRA may do so, the carmakers told Reuters. Madrid will launch a new, more flexible version of the PERTE scheme around July, worth 2 billion euros ($2.2 billion) after last year's initial funding round flopped, with only 27% of an earmarked 2.9 billion euros allocated.

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