Iberdrola's Participation Helps Electric Vehicle Value Chain in Spain Sustainable

Published on: 09 May 2022
by KnowESG

The Iberdrola Group will play a significant role in the Future: Fast Forward consortium, led by SEAT and the Volkswagen Group, which recently presented its Connected Electric Vehicle (CEV) project to the PERTE, the most important call for applications for these grants from the European Next Generation funds for economic recovery and transformation.

Iberdrola is dedicated to electrifying transportation, as part of its decarbonisation strategy, as a crucial lever for cutting emissions. The organisation has a sustainable mobility plan, with a 150 million euro investment, that calls for the construction of roughly 150,000 high-efficiency charging outlets, both in homes and businesses, on urban roadways, in cities, and on important highways.

Iberdrola recognises the importance of coordinated and successful work among the key partners in promoting electromobility in Spain. In this regard, the organisation has already executed more than 50 infrastructure deployment agreements with administrations, institutions, businesses, service stations, dealers, and electric vehicle manufacturers.

The company's public charging network for electric vehicles now includes 2,500 charging stations. Thus, the company's chargers have reached 900 places in Spain following the inclusion of more than a hundred new locations with charging stations in the first quarter of the year.

Iberdrola's entire network installation includes 45 per cent fast or ultra-fast charging points. Iberdrola is the electrical supplier with the fastest public charging stations, accounting for 20% of the overall fast public charging network in Spain.

The corporation was the first in Spain to join The Climate Group's EV100 programme, to accelerate the transition to electric transportation by electrifying its complete fleet of vehicles and facilitating charging for its employees in Spain and the United Kingdom by 2030.

Source: Iberdrola