The European Investment Bank (EIB) will provide Spanish company Endesa with €35 million ($41 million) in financing for the installation of electric charging stations across the entire country.
The project, which will be implemented over the next four years, will make it possible to roll out a total of 8,500 charging points for hybrid or electric vehicles.
The first 2,000 charging points will be installed this year on the main motorway network and in Spain's principal urban areas, with the aim of covering 15,000 kilometers (9,320 miles) and towns and cities with over 35,000 residents. This will provide electric vehicle drivers with charging points every 100 kilometers (62 miles) and charging infrastructure in the country's main towns and cities.
The remainder of the stations will be installed gradually over the next three years until 2023, reaching 8,500 publicly accessible charging points. All of these will be on roads or in public car parks with open access f
