Assistance for charging points available in the Valencian Community

The Ministry of Sustainable Economy, Productive Sectors, Trade and Labor, through IVACE, has initiated the program to promote the installation of electric vehicle charging stations in our Valencian Community. These grants are aimed at entities and companies, both large and SMEs, and the deadline to submit projects is until March 8th (23-1-2018)

Thus, as published today in the Official Diary of the Generalitat Valenciana, the cost of installing electric vehicle charging stations will be supported, with grants covering up to 40% of the eligible costs, which can be increased by 10 percentage points in the case of grants awarded to small and medium-sized enterprises or to non-economic activities of municipalities, public entities, and non-profit organizations.

Additionally, these grants can be increased by up to 40 percentage points for grants aimed at non-economic activities carried out by municipalities and public entities.

The projects that can be submitted fall into three types: public access fast charging stations with an electrical power of 50kW (DC) and 44 kW (AC), public access semi-fast charging stations (with an available electrical power greater than 20 kW in direct or alternating current), and all private stations that provide charging services to electric vehicles, not included in the previous categories.

According to IVACE Energy estimates, the annual economic savings in electricity compared to a vehicle using conventional fuel is around 60%. Thus, with 2.5 euros, an electric vehicle travels 100 km, and if the charging is done at night, it reduces to one euro. Traveling the same distance with diesel costs approximately 5.5 euros.

It is important to highlight that transportation is the largest energy consumer in the Comunitat Valenciana. It accounts for 40% of all energy consumed in our territory, with the aggravating factor that, for the most part, it uses petroleum derivatives as an energy source, which are responsible for most of the polluting gases.

Therefore, the aim is to facilitate the transition to a new type of more sustainable mobility in which non-petroleum-dependent forms of transport take center stage.

During the past year, IVACE granted aid for the installation of 168 electric charging points in our territory. According to IVACE data, these charging points will prevent the emission of 1,237 tons of CO2 into the atmosphere annually and will also allow for an annual savings of 450,000 in fuel.

It should be noted that fast charging points take 20 minutes for an 80% charge, semi-fast charging points need around 1.5 hours for charging, and slow charging points require approximately 6-7 hours to complete the charge.

Objectives of the Electric Vehicle Promotion Plan

These grants are part of the actions planned in the Electric Vehicle Promotion Plan and Charging Infrastructure Deployment developed by Ivace Energy.

The Plan establishes a market share for electric vehicles of 25% of the total vehicles sold in our territory by 2030. Along with the goal of promoting electric vehicles, the Electric Vehicle Promotion Plan also includes objectives regarding the deployment of charging infrastructure.

Thus, it aims to achieve a total of 270 fast charging points (30 minutes needed for an 80% charge) and 2,100 semi-fast charging points (between one and two hours for a 100% charge) by 2030. Achieving these objectives is associated with a significant reduction in greenhouse gas emissions, which the Plan estimates at 622,000 tons of CO2.

Regarding the planned semi-fast charging points, they will be installed in the main urban centers distributed according to socio-economic factors, emphasizing the centers of the tertiary sector that drive mobility, such as shopping centers, sports centers, etc., and key points.