Social Democrat Olaf Scholz elected as German chancellor

German lawmakers elected Social Democrat Olaf Scholz as new chancellor on Wednesday, ending 16 years of conservative rule under Angela Merkel and paving the way for a pro-European coalition government which has vowed to boost green investment.

Scholz, 63, who served as vice chancellor and finance minister in Merkel's outgoing government, got a clear majority of 395 votes from lawmakers in the Bundestag lower house of parliament, Bundestag President Baerbel Bas said.