HR calls out colleague, management in resignation email over employee treatmentAn HR professional’s instant resignation email slamming toxic management and a colleague has sparked a massive discussion online. Updated on: May 16, 2026 1:13 PM IST By Trisha Sengupta Share via Copy link A LinkedIn
'Bindaas aaram karo': Manager offers 2-day period leave to female employee, internet dividedA WhatsApp chat between a manager and a newly joined female employee about period leave has divided the internet. Updated on: May 16, 2026 1:41 PM IST By Bhavya Sukheja Share via Copy link A manager’s
Step inside Rajeev Khandelwal’s stunning triplex Mumbai home with earthy interiors and cosy cornersHere’s a sneak peek into Rajeev Khandelwal’s Mumbai triplex featuring chic interiors, warm lighting and stylish décor. Published on: May 16, 2026 1:56 PM IST By Anukriti Srivastava Share via
Climate Change crisis: IMD to change parameters to declare heatwavesClimate Change crisis: IMD to change parameters to declare heatwaves Updated on: May 16, 2026 1:37 PM IST PTI Share via Copy link Thiruvananthapuram, The IMD, along with its technical partners
Social media CEOs once again are being called to testify before the Senate in light of mounting legal and public pressure to protect young users on their platforms. The leaders of Meta, Alphabet, TikTok and Snap were invited to testify next month before the Senate Judiciary Committee
German Carmakers Get EV Tax Boost Before Summit With Merz
German Carmakers Get EV Tax Boost Before Summit With Merz
(Bloomberg) -- Germany's ruling coalition confirmed it will extend a tax exemption for new electric vehicles as part of a broader effort to support the nation's key car industry in the transition to more climate-friendly technologies.
Finance Minister Lars Klingbeil will present a draft law soon which will keep the existing tax exemption for EVs in place until 2035, Maximilian Kall, a finance ministry spokesman, said Monday at a regular government news conference in Berlin, confirming a report by DPA.
“To get significantly more electric cars on the road in the coming years, we need to set the right incentives now,” Klingbeil, a Social Democrat who is also the vice chancellor, told the news agency.
The coalition accord agreed on by Chancellor Friedrich Merz's conservatives and Klingbeil's SPD included the pledge to extend the incentive to 2035 and the confirmation comes ahead of a planned “car summit” Thursday between government officials, auto executives and labor representatives.
The meeting hosted by Merz at the chancellery will focus on ways to help the car industry navigate mounting challenges ranging from Chinese competition to US trade tariffs and stubbornly high energy costs.
Announcements last month that Volkswagen AG was paring back production and Robert Bosch GmbH slashing 13,000 jobs were the latest evidence of how the auto industry's decline is rippling through Europe's biggest economy.
Car-parts maker ZF Friedrichshafen AG followed last week by saying it planned to eliminate 7,600 positions at its electrified drivetrain division as it steps up its restructuring efforts to deal with poor demand.
“We now need a strong package to guide Germany's automotive industry into the future and secure jobs,” DPA quoted Klingbeil as saying. “We want the best cars to continue to be made in Germany.”
Extending the EV exemption is expected to cost the federal government approximately €600 million in lost revenue through 2029, Kall told reporters.
As part of his government's effort to aid the car sector, Merz last month urged the European Union to give up its 2035 deadline to effectively ban combustion engines and instead allow the industry to pursue a softer path to climate neutrality.
Some members of Klingbeil's SPD are unhappy with the move, but the party is expected to signal its backing this week, with the issue set to be discussed at regular coalition talks on Wednesday in Berlin.
Olaf Lies, the SPD premier of the state of Lower Saxony whose government is VW's second-biggest shareholder, said last week the priority should be to protect jobs.
“The goal of selling only pure electric cars by 2035 is not realistic,” Lies told German newspaper NWZ. “Combustion engines, especially plug-in hybrids and vehicles with range extenders, must continue to be permitted beyond 2035, and alternative fuels must also be included.”
--With assistance from Chris Reiter.
More stories like this are available on bloomberg.com
©2025 Bloomberg L.P.
Source: LiveMint
Related Posts: Himesh Reshammiya becomes the only Indian on Bloomberg’s global pop power list Bloomberg Green’s Guide to Climate Week NYC Vietnam plans to extend tax incentives for EVs until 2030 Grand Coalition Of Deceit Europe Mulls Post-War Coalition To Secure Strait of Hormuz 7 Killed After Saudi-Led Coalition Launches Airstrikes On UAE-Backed Separatists In Yemen TMP threatens to quit the BJP-led coalition govt if indigenous people not given their rights Netanyahu's coalition moves to seek early vote in Israel Starmer Snubs Trump's Hormuz Coalition
The Election Commission has ordered a probe into allegations of foreign nationals voting in the Tamil Nadu Assembly election. Police arrested ten foreign nationals attempting to fly out after noticing indelible ink on their fingers. These individuals, from Sri Lanka, the UK, and Canada
1 days ago
Ankur Warikoo's old video on life in Mumbai versus Bangalore has gone viral following the big announcement that he is shutting down his courses business despite the venture generating over ₹100 crore in revenue and ₹25 crore in profits over the last 5 years
1 days ago
Don't miss out on muskmelon this summer: Fortis Delhi gastroenterologist shares its health benefitsMuskmelon is an underrated fruit that provides multiple health benefits in summer, explains Dr Shubham Vatsya. Updated on: May 16, 2026 1:46 PM IST By Debapriya Bhattacharya Share via Copy link Summer
1 days ago
Indian national record holders Animesh Kujur and Mohammed Afsal demolished the rest of the field, as both runners delivered gold-medal performances at the Saudi Athletics Grand Prix 2026 in Riyadh on Friday. Competing at the Princess Nourah bint Abdulrahman University Stadium
1 days ago
Avani cards second lowest score of the day to make cut in GermanyAvani cards second lowest score of the day to make cut in Germany Published on: May 16, 2026 1:44 PM IST PTI Share via Copy link Hamburg , Avani Prashanth emerged as the lone Indian to make the cut at the Amundi German Masters after
1 days ago
As a child, Reble often felt she was watching life from the sidelines. Now, at 24, the rapper has become one of the most compelling new voices in Indian hip-hop. Hailing from the rain-soaked hills of Meghalaya in India's northeast, Reble raps in English as well as Khasi and Jaintia - indigenous
1 days ago
Arm Holdings faces an antitrust probe by the U.S. Federal Trade Commission over the British chip designer’s licensing of its semiconductor technology, part of global scrutiny of the business, Bloomberg News reported on Friday. The FTC is investigating whether Arm is trying to illegally
1 days ago
The court granted him bail on a personal bond of Rs 50,000 along with one surety of the like amount. Businessman Robert Vadra was granted bail by Delhi’s Rouse Avenue Court on Saturday in the money laundering case linked to the Shikohpur land deal
1 days ago
Assault on woman lawyer: SC asks police to conclude probe quickly, ensure her protectionAssault on woman lawyer: SC asks police to conclude probe quickly, ensure her protection Published on: May 16, 2026 11:02 AM IST PTI Share via Copy link New Delhi
1 days ago
Jasprit Bumrah made his Mumbai Indians captaincy debut vs Punjab Kings in Dharamsala. Fast bowler Jasprit Bumrah made his captaincy debut for Mumbai Indians on Thursday, becoming the 10th player to lead the franchise in the IPL. Bumrah took charge of the five-time champions after both Hardik Pandya
1 days ago
JEE Advanced 2026 Exam: JEE Advanced 2026 Exam Tomorrow: The Indian Institute of Technology (IIT) will conduct the JEE Advanced 2026 on Sunday, May 17, 2026. The examination will be held in two different shifts, Paper 1 from 9:00 AM to 12:00 PM and Paper 2 from 2:30 PM to 5:30 PM
1 days ago
The Eurovision Song Contest reaches its grand final on Saturday night, with Finland, Greece and Australia among the favourites to win. The show is taking place in Vienna, which seems to have prompted half of the contestants to throw an operatic riff into their song, whether it needs it or not
1 days ago
![Cannes [France], May 16 (ANI): Two-time Oscar nominee John Travolta was presented with an honorary Palme d’Or ahead of the world premiere of his feature](http://newsorbit360.com/files/news/en/imgs/john-travolta-receives-surprise-honorary-palme-d.webp?height=520)
Cannes [France], May 16 (ANI): Two-time Oscar nominee John Travolta was presented with an honorary Palme d’Or ahead of the world premiere of his feature directorial debut, ‘Propeller One-Way Night Coach’ at the Cannes Film Festival 2026. The honour was presented by Cannes chief Thierry
1 days ago
Prime Minister Narendra Modi’s visit to the United Arab Emirates (UAE) on Friday delivered major strategic and economic gains for India, with the two countries signing agreements to strengthen cooperation in energy security and petroleum storage. As part of the understanding
1 days ago
Soft And Fluffy Egg White Bhurji With Colourful Vegetables For Healthy Meal PreparationLean egg white bhurji combines egg whites, fresh vegetables, and mild spices to create a low-calorie high-protein meal suitable for balanced eating. Updated on: May 16
1 days ago
Hyderabad, May 16 (PTI) Telangana Chief Minister A Revanth Reddy left for Delhi on Saturday morning for a brief visit. He is scheduled to attend the wedding reception of the son of Telangana High Court Chief Justice Aparesh Kumar Singh in the national capital this evening, official sources said
1 days ago
Milk may look the same in your glass—but not all cows’ milk is identical. Over the past few years, A2 milk has gained popularity in India and globally, often marketed as a “healthier" or “easier-to-digest" alternative to regular milk. But is it really better than A1 milk
1 days ago
US President Donald Trump's visit to Beijing ended with a tour of Zhongnanhai, the exclusive, heavily guarded 14th Century compound where top Chinese leaders live and work. Xi leading him on the tour was yet another moment for the cameras in a two-day trip heavy on pageantry but scant on details
1 days ago
Institutional investors took new positions in ranging from to during the first quarter of the year, positioning them to profit from a red-hot rally that extended into the second quarter, according to a Reuters overview of filings from some 6,600 hedge funds, pension funds
1 days ago
Indian who called Japan home for 30 years fears deportation, breaks down crying: ‘My children only speak Japanese’The Indian man who has lived in Japan for over 3 decades runs a curry restaurant near Tokyo. Published on: May 16, 2026 9:19 AM IST By Trisha Sengupta Share via Copy link An Indian
1 days ago
5 from Jaipur family at the centre of paper leak case cleared NEET in 2025Dinesh Biwal, along with his brother Mangilal Biwal and Mangilal's son Vikas Biwal, was arrested in connection with the NEET paper leak. Published on: May 16, 2026 10:45 AM IST By Trisha Sengupta Share via Copy link Five
1 days ago
Protein Rich Dahi Paratha With Tangy Flavour And Balanced Nutrition For Breakfast TimeHigh-protein dahi paratha combines yoghurt, whole wheat flour, and spices to create a soft breakfast flatbread with balanced flavour and protein-rich nutrition. Updated on: May 16
1 days ago
Iran on Friday urged India to continue investing in the strategically important Chabahar Port despite growing pressure from US sanctions, with Iranian Foreign Minister Abbas Araghchi describing the project as a major symbol of India-Iran cooperation
1 days ago
Pakistan’s former Prime Minister Imran Khan’s sister moved the Islamabad High Court, challenging his “prolonged solitary confinement” at Adiala Jail, calling it illegal and a violation of fundamental rights, according to a media report on Friday (May 15, 2026)
1 days ago
faces an antitrust probe by the U.S. over the British chip designer's licensing of its , part of global scrutiny of the business, Bloomberg News reported on Friday.The FTC is investigating whether Arm is trying to illegally monopolize parts of the semiconductor market, the report said
1 days ago
Manipur: Talks on for release of those still in captivity of armed groupsManipur: Talks on for release of those still in captivity of armed groups Published on: May 16, 2026 11:34 AM IST PTI Share via Copy link Imphal, Talks are underway among civil society organisations
1 days ago
Career Horoscope Today for May 16, 2026: Quiet progress may actually begin to show visible resultsCareer Horoscope Today, May 16, 2026: Get career astrological predictions to help you prosper at your workplace. Published on: May 16, 2026 8:34 AM IST By Kishori Sud Share via Copy link Aries Your
1 days ago
