Set to be renewed annually, unless either party decides otherwise, the agreement sets out a framework for collaboration which will include cross-promotion of BMW’s electric vehicles and Iberdrola’s 100% renewable electricity supply.

The two companies will also exchange information about how the vehicles are used, and collaborate on projects and incentives to improve uptake. As yet, details about these forthcoming projects have not been announced.

To date, Iberdrola has also installed electric vehicle charging points at BMW Ibérica's headquarters in Madrid and is to install further units at selected BMW i dealers across the region.