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Fuelling Spain’s Future

July 10, 2018

Improving the efficiency of cars and increasing the number of zero emissions vehicles on the road will lead to a larger economy.

In 2030 Spain’s GDP is estimated to be €3.2 billion higher than in a ‘no change’ scenario. Of this, €2 billion is due to the reduction in oil imports, helping to keep billions of euros in the Spanish economy.

The report, compiled by Cambridge Econometrics and Element Energy for the European Climate Foundation, set out to evaluate the impact that the transition to low-carbon emission vehicles would have on the Spanish economy, highlighting the challenges and opportunities involved.

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