"Made in Germany": Scholz again puts on an old, dying "horse"

Germany's Social Democrats are planning to introduce a "Made in Germany" award in the next government to encourage investment in Europe's largest economy. This measure is stipulated in the pre-election manifesto of the party before the likely early elections next year.

According to the document, which was reviewed by Reuters, the plan includes a direct tax refund of 10% on investments of enterprises in equipment.

German Chancellor Olaf Scholz, a member of the SPD, sent a request to parliament last week for a vote of confidence, paving the way for early federal elections after the collapse of his coalition.

According to the INSA survey, the SPD currently has a rating of 17%, which is inferior to the conservative CDU and the far-right AFD with 31% and 20%, respectively.

The SPD, which rules Germany in a minority government together with the Greens, said in its manifesto that it plans to stimulate the purchase of German-made electric vehicles through a temporary tax deduction offered to buyers. The document also proposes to create a so-called Fund of the Federal Republic of Germany in the amount of 100 billion euros to support such key areas as electricity, heating networks, hydrogen infrastructure, electric vehicle charging stations and housing.