The European Investment Bank (EIB) has agreed to provide Wenea, the first mobile energy operator for electric-vehicle recharging services, with €50 million ($60 million) to help increase long-distance mobility in Spain.
Wenea will invest €100 million ($121 million) into charging infrastructure and deploy more than 470 fast and ultra-fast charging stations across the country by the end of 2022. The charging stations will allow vehicles to charge between 60 percent and 80 percent of their battery in 20 minutes.
According to EIB, the majority of the charging stations will be located along Spanish motorways and major roads, including those of the Trans-European Transport Network. In addition, some 25 percent of these stations will be deployed in less populated areas of Spain.
The Spanish National Integrated Energy and Climate Plan 2021–2030 aims to have 5 million electric cars and light-duty vehicles on the market by 2030. According to the EIB’s estimates, t
