{"id":57723,"date":"2020-08-02T08:23:43","date_gmt":"2020-08-02T06:23:43","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=57723"},"modified":"2020-08-02T08:23:43","modified_gmt":"2020-08-02T06:23:43","slug":"eib-allocates-e35-m-for-8500-ev-charging-points-in-spain","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/eib-allocates-e35-m-for-8500-ev-charging-points-in-spain\/","title":{"rendered":"EIB allocates \u20ac35 m  for 8,500 EV charging points in Spain"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left;\">The <a href=\"https:\/\/www.csregypt.com\/en\/eib-earmarks-e-1-9-bn-for-egypts-smes-urban-transportation\/\">European Investment Bank (EIB)<\/a> will extend \u20ac35\u00a0million to Spain\u2019s Endesa to install electric charging stations across the entire country.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">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.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The first 2\u00a0000 charging points will be installed this year on the main motorway network and in Spain&#8217;s principal urban areas, with the aim of covering 15,000\u00a0km and towns and cities with over 35\u00a0000 residents.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">This will provide electric vehicle drivers with charging points every 100\u00a0km and charging infrastructure in the country&#8217;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 for drivers.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The EIB financing will help to speed up the transition to electric mobility in Europe and to meet the goal of having 1\u00a0million charging points in the EU by 2025, as outlined in the European Commission&#8217;s European Green Deal. To achieve this, several studies indicate that Spain will need to expand its network of charging stations from the current 9\u00a0000 to more than 120\u00a0000.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The project will help to cut polluting road transport emissions and to meet the goals of the European Green Deal and<a href=\"https:\/\/unfccc.int\/process-and-meetings\/the-paris-agreement\/the-paris-agreement\"> Paris Agreement,<\/a> which state that emissions produced by this kind of transport must fall by 90% by 2050. According the Bank&#8217;s estimates, once they have been installed, the new electric charging points will prevent the emission of 57\u00a0000\u00a0tons of CO<sub>2<\/sub>\u00a0a year.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Together with the environmental benefits, these investments will drive the electric vehicle industry and have a positive impact on job creation at a critical time due to the COVID-19 economic crisis. In concrete terms, EIB studies indicate that the Endesa project will enable the creation of almost 600 jobs during the implementation phase and a further 40 permanent positions.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">EIB Vice-President Emma Navarro, who is responsible for the Bank&#8217;s climate action and operations in Spain,\u00a0said:\u00a0<em>\u201c<\/em>The decarbonization of transport is key to meeting our goal of achieving climate neutrality by 2050. This is why we are happy to join forces with Endesa to promote investment in infrastructure facilitating the use of electric vehicles while also contributing to the recovery of the Spanish economy, at an extraordinarily difficult time due to COVID-19. As the EU climate bank, the EIB will lend its full support to Spain by financing investments helping it to overcome this crisis and move towards a low-carbon economy.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">For Endesa CEO Jos\u00e9 Bogas, \u201cbeing supported by the EU climate bank guarantees the solidity of Endesa&#8217;s proposal to revitalise the country: the economy and the environment cannot be separated; economic growth must be sustainable. Consolidating Spain&#8217;s electric vehicle charging network while creating wealth and jobs and cutting emissions is a clear example of this vision.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\n","protected":false},"excerpt":{"rendered":"<p>The European Investment Bank (EIB) will extend \u20ac35\u00a0million to Spain\u2019s Endesa to install 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\u00a0000 charging points will [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":57725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,6030],"tags":[6325,7084,6984],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EIB allocates \u20ac35 m for 8,500 EV charging points in Spain - Csr Egypt<\/title>\n<meta name=\"description\" content=\"The European Investment Bank (EIB) will extend \u20ac35\u00a0million to Spain\u2019s Endesa to install electric charging stations across the entire country.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/eib-allocates-e35-m-for-8500-ev-charging-points-in-spain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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