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Germans Rush to Buy Heat Pumps Ahead of February Election.

Authors :
Brendel, Eva
Sorge, Petra
Source :
Bloomberg.com; 1/14/2025, pN.PAG-N.PAG, 1p
Publication Year :
2025

Abstract

Germans are increasingly applying for heat pump subsidies ahead of the February federal election, fearing that the new government may reduce financial support for the technology. The subsidies, introduced last August, aim to offset the impact of a ban on most new fossil fuel boilers. Interest in heat pumps has surged since Chancellor Olaf Scholz's coalition collapsed, with the conservative alliance, currently leading in polls, planning to abolish the current funding scheme. The rise in subsidy applications may also be attributed to a promotional week in October that helped dispel prejudices around the technology. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
182218622