Germany’s budding coalition agrees electricity price cuts, e-car subsidies

Germany’s likely next coalition government has agreed to a substantial electricity price cut to relieve households and companies and honour national and European climate targets. The Conservatives, under probable next chancellor Friedrich Merz, and the Social Democrats said they would continue the energy transition by rolling out renewables, and supporting electric mobility and the decarbonisation of industry. To the dismay of environmentalists, other climate policy initiatives barely got a mention in the agreements from which formal coalition negotiations will begin, underlining the general expectations that the issue is not a priority for Merz or his budding coalition.