The Spanish automotive industry remains one of the country’s main economic drivers, according to the 2025 Annual Report of the Spanish Association of Automobile and Truck Manufacturers (Anfac). Vehicle manufacturers belonging to this association invested €3.197 billion last year, 24.7% more than the previous year and the highest figure on record.

The bulk of the investment was allocated to adapting Spanish plants for the manufacture of electrified vehicles and attracting new industrial projects to Spain. The sector’s ability to invest and transform itself in a particularly demanding environment is also reflected in its capacity to create jobs, with 53,943 direct jobs at its plants in 2025.

Trade balance contribution
The importance of the automotive sector to the Spanish economy is also reflected in figures such as sales. After generating 3.8% more revenue than in 2024, totalling €80.315 billion, the sector contributed €41.995 billion in taxes, 4% more than the previous year. €6.771 billion of this figure came from the purchase of new vehicles, representing an 11.9% increase. With regard to exports, motor vehicles once again ranked among the products making the largest positive contribution to Spain’s trade balance, with a surplus of €10.19 billion.

Anfac CEO José López-Tafall said that the record level of investment achieved in 2025 “demonstrates manufacturers’ commitment to Spain. In a challenging year for production and results, brands have redoubled their commitment to transforming their plants for electric vehicle production. It is the clearest proof that the industry believes in our country’s industrial future and that Spain has the opportunity to establish itself as one of Europe’s leading hubs for electrified vehicles.”

Growth driver
In 2025, and for the second consecutive year, Spain exceeded 1 million passenger car registrations, with 1,148,650 units, 12.9% more than in 2024. Electrification was the main driver of this growth, increasing by 96.4% to reach its highest volume to date, with 245,629 electrified vehicles registered.

As positive news, Anfac also highlighted the launch of the working groups for the Spain Auto 2030 Plan, which aims to set out a roadmap to strengthen Spain’s position as Europe’s second-largest vehicle manufacturer. Among other priority measures, this plan will work on specific proposals relating, for example, to the development of the battery value chain and the exploitation of mineral resources. “The Spain Auto 2030 Plan sets the course, and now it is up to all of us to implement it,” López-Tafall concluded.

^{Photo: Anfac}