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Iberdrola, Peugeot sign agreement to roll-out EVs in Spain

ABR Staff Writer Published 26 July 2011

Spanish utility Iberdrola's subsidiary Servicios Energeticos and French car maker Peugeot have signed an agreement to roll-out of electric vehicles in Spain.

As per the agreement both the companies will establish a framework for collaboration which includes the recommendation of each other's products in the electric mobility sector.

Iberdrola commercial manager Aitor Moso said the company's objective is to promote the use of electric vehicles and to promote the implementation of specific initiatives, such as the deal signed today, that help make sustainable mobility a reality.

"Rather than just launching individual projects, we think that every effort must be made to build a business strategy around sustainability," Moso said.

Peugeot España deputy general manager Antonio González said this agreement is in keeping with the company's commitment to support the plans of institutions and companies to develop the electric vehicle, promote the use of renewables and improve their management while securing environmental benefits and enhancing energy efficiency.

Peugeot currently offers the Peugeot Ion, its first 100% EV launched in Europe, it is a four-seater urban car with a 49 kW electric motor, running 150 km per charge on its lithium-ion battery.

Iberdrola's Green Mobility is a comprehensive commercial package encompassing the electric vehicle, the installation of recharging stations, financing and the provision of a 100% renewable energy supply.

As per the agreement, bot the companies will also explore opportunities to jointly exploit the commercial opportunities that may arise from their respective customer portfolios and will periodically organise technological exchange meetings where they will discuss the technical requirements of the carmaker's electric vehicles and Iberdrola's recharging stations to ensure full compatibility.