Germany’s Social Democrats plan to introduce a “Made in Germany” premium in the next government to boost investment in Europe’s largest economy, the party’s election manifesto showed on Sunday.
The plan includes a direct tax refund of 10% on equipment investments by businesses, according to the document seen by Reuters.
The SPD, which governs Germany in a minority government with the Greens, said in its manifesto it plans to incentivise purchases of German-made electric cars with a temporary tax deduction offered to buyers.
It also proposed establishing a so-called Germany Fund, initially endowed with 100 billion euros, to support key areas such as electricity, heating networks, hydrogen infrastructure, electric vehicle (EV) charging stations, and housing.
The fund would operate under debt brake regulations, through financial transactions where the federal government will invest in companies with start-up capital or loan offers.
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