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Spain announces $1.5b package for EV sector
Gulf Today
|December 04, 2025
Spain will provide nearly 1.3 billion euros ($1.52 billion) to support its electric vehicle (EV) market and industry next year as part of a plan to lift the share of EVs produced in the country to 958 by 2035, Prime Minister Pedro Sanchez said on Wednesday.
In the first IO months of 2025, the share of fully electric and plugin hybrid vehicles made in Spain totalled around 10%, industry data show. Self-charging hybrids accounted for 26.78.
Around 20% of vehicles across the EU last year were fully electric or plugin hybrids.
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