CAE for electric vehicle

A CAE is an official electronic document that certifies the final amount of energy saved thanks to an energy efficiency measure, such as purchasing an electric vehicle or installing efficient air conditioning systems. 

Each certificate equates to 1 kWh of final energy saved, validated and certified by an accredited entity. 

CAEs allow energy companies, known as obligated parties, to demonstrate to the National Energy Efficiency Fund (FNEE) that they have met their energy-saving targets. 

For the user or company making the investment, they represent an opportunity to monetise energy savings and recover some of the costs of improvements (for example, replacing your car, upgrading your lighting at home, installing air-source heat pumps or replacing machinery with more energy-efficient equipment). 

The economic value of a CAE is freely determined in the market between the parties (the beneficiary and the obligated or delegated entity) based on supply and demand. 

This mechanism allows energy savings to be transformed into income, helping to recover part of the investment made. 

Yes. CAEs are transferable and may be traded between the beneficiary of the savings and the obligated parties or their delegates, provided the procedures and controls established by the Ministry for Ecological Transition and Demographic Challenge are followed.

Any individual may apply if they:

• Purchased a brand-new fully electric vehicle on or after 24 January 2023.
• Permanently scrapped a combustion-engine vehicle that they had owned for at least one year.
• This service is currently available for private individuals and fully electric cars only. Other vehicles or customer profiles, such as where you have replaced your existing combustion-engine vehicle with a plug-in hybrid vehicle, may be covered under the CAE scheme, but are not included in the service described on this page.

The initial owner is the person/entity who makes the investment or energy efficiency action. 

When this saving is transferred by contract to an obligated or delegated entity, ownership passes to this buyer. 

Yes, it can be compatible as long as it does not come from the same energy saving fund. 

In each case it is necessary to verify that there is no double financing for the same savings measure. 

Santander collaborates with Grintek, a partner specialising in the management of Energy Saving Certificates. 

Once the customer shows interest in obtaining the incentive, Santander transfers their data to Grintek, which will contact them to request the necessary documentation and carry out all the procedures of the process. 

In this way, the customer has expert support and comprehensive management of the CAE, from beginning to end. 

Validation and payment usually take between 4 and 7 months. 

To avoid delays, it is important for the documentation requested by Grintek to be correct, legible and complete. Grintek will contact you if it is necessary to correct or complete any document, in accordance with the requirements established by the Ministry for Ecological Transition and the Demographic Challenge.