Further details have emerged concerning Spain’s EUR3.75bn (US$4.2bn) sector support plan, with a focus on fleet renewal and competitiveness.
Madrid has labelled the scheme: “Plan to boost the automotive industry value chain: Towards a sustainable and connected mobility.”
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The funds will divided into EUR1.54bn in 2020 and EUR2.22bn in 2021/22.
The plan builds on five pillars:
- Fleet renewal with more modern and more efficient vehicles
- Investments and regulatory reforms to boost competitiveness and sustainability
- Research, development and innovation for new challenges
- Taxation to boost the sector’s competitiveness
- Measures in the field of vocational training and qualification
Fleet renewal passenger vehicles and light commercial vehicles (EUR230m). The following criteria apply to determine eligibility:
- Scrapping of a vehicle of at least ten years old in the case of passenger cars or seven years in the case of light commercial vehicles
- Purchase: in the case of passenger cars, limitation to vehicles which emit less than 120 g CO2/km, or are powered by alternative energy (LCV: less than 150 g CO2/km)
- Price cap for purchase bonus: EUR35,000 bonus: differentiated progressively depending on CO2 emissions and buyer (legal persons, SME, larger companies) from EUR400 – EUR1,000. Additional bonus when scrapping vehicles more than 20 years old and according to social criteria (disabled and for low income buyers)
The bonus for the purchase of a passenger vehicles by an individual in more detail:
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By GlobalData- BEV/PHEV (up to 40km electric reach): EUR400
- PHEV (less than 40km electric reach) or CNG/LNG depending on energy efficiency class: EUR600 – EUR1000
- ICE (petrol/diesel) depending on energy efficiency class: EUR400 – EUR800
- The bonus is reduced for a purchase by an SME or large company
- The ‘sector’ (dealers and OEM) are obliged to top the bonus by EUR1,000 for BEV or PHEV up to 40km electric reach or contribute the same amount as the public purse for all other eligible vehicles
Fleet renewal heavy duty vehicles and buses (EUR20m)
- Up to 18t: EUR2,000
- 18t or more: EUR4,000
BEV bonus (‘Moves Plan’ – EUR100m):
- EUR4,000 bonus for the purchase of a BEV without the need of scrapping an old vehicle.
- In the case of scrapping a vehicle older than seven years, a EUR1,500 will be added to the bonus. This bonus cannot be cumulated with the fleet renewal bonus
Public Procurement: (EUR200m split evenly between national and local authorities) of low and zero emission vehicles
Investment for a competitive and sustainable mobility value chain (EUR2.6bn):
- Programme to increase the liquidity of the sector, offering loans with the objective to boost the competitiveness, via new models of EVs or fuel-cells, new business models and employment.
- Charging infrastructure, with the objective of having 50,000 charging points by 2023
R&D&I (EUR415m):
- With a special focus to hydrogen, EUR25m, the development of new zero emission vehicles, charging infrastructure integration, smart grids, battery development and energy storage, EUR30m and public procurement of mobility infrastructure, EUR100m
- EUR260m for high speed networks and 5G corridors development
Taxation to boost the sector’s competitiveness:
Fiscal incentives, with deduction on process innovation, rising from 12% to 25%
Measures in the field of vocational training and qualification (EUR95m):
- Sector re-skilling and up-skilling
