German Carmakers Get EV Tax Boost Before Summit With Merz

The German government has decided to extend the tax exemption for new electric vehicles (EVs) as part of its efforts to support the country's automotive industry in its transition to more environmentally-friendly technologies. This move comes ahead of a summit between Chancellor Olaf Scholz and the head of the country's largest opposition party, Friedrich Merz. The tax exemption, which was set to expire at the end of this year, will now be extended, providing a financial incentive for consumers to choose electric over conventional vehicles. This decision is seen as a way to boost the adoption of EVs and help the German car industry maintain its competitiveness in the face of the global shift towards sustainable mobility. The article suggests that this measure is part of a broader effort by the German government to support its automotive sector, which is a crucial component of the country's economy. The extension of the tax exemption is expected to be a key topic of discussion during the upcoming summit between the chancellor and the opposition leader.