PERTE for the Development of Electric and Connected Vehicles Strategic Projects for Economic Recovery and Transformation (PERTES) are a new form of public-private partnership established by Royal Decree-Law 36/2020 of December 30,which approves urgent measures for the modernization of the Public Administration and for the implementation of the Recovery, Transformation, and Resilience Plan.
This new framework is designed to be permanent, introducing new public-private partnership instruments into our legal system to enable more agile management. Its application is particularly useful within the scope of the Recovery Plan, as it aims to strengthen the investment projects included therein that clearly contribute to economic growth, employment, and the competitiveness of our country, correcting the market failure of underinvestment when private initiatives do not materialize due to the significant risks and the necessary public-private partnership involved in this type of project.
This category, which aims to identify major projects of common European interest at the national level, will encompass flagship projects that have a transformative structural impact on strategic sectors or involve disruptive and ambitious research and innovation phases that go beyond the current state of the art in the sector, followed by an initial industrial deployment. These are strategic projects with significant spillover potential for the rest of the economy, requiring collaboration among government agencies, companies, and research centers to scale up their operations in our country.
On July 13, 2021, the Council of Ministers approved, as the first PERTE , the development of an ecosystem for the manufacturing of Electric and Connected Vehicles, within the framework of the Recovery Plan.
