Machinery / Industrial Parts & Tools

The German Federal Government plans to take the lead in the automobile manufacturing industry and implement a green steel quota system during the procurement of raw materials.

The German government’s previous "Climate Protection Package 2022" mentioned that in order to stimulate the market for carbon neutral and recyclable raw materials, it is necessary to promote the development of a green economy from two aspects: the implementation of carbon dioxide taxes and the increase of raw material costs.

The green steel procurement quota system will be implemented in the automobile industry first, and then will be widely spread in more other raw material industries. In addition, the federal government will revise the vehicle purchase tax calculation model to strengthen the impact of emissions on the vehicle purchase tax, and promote the popularization of electric vehicles, hybrid vehicles and other models.