announced this week that it will stop funding loans for new gas and diesel cars in 2025 to encourage the shift to electric vehicles.
"We think that the responsible thing for us to do next, is to ensure that our vehicle lending doesn’t lock our customers in to higher carbon emissions and increasingly expensive running costs in the years ahead," Bank Australia Chief Impact Officer Sasha Courville said in a statement on Friday. "Ultimately, our announcement today is the beginning of a conversation with our customers and a signal to the wider market that if you’re considering, you should think seriously about an electric vehicle – both for its impact on the climate and for its lifetime cost savings."
FILE PHOTO: A Tesla Model X vehicle is taken for a test drive at a Tesla electric car dealership in Sydney, Australia. Electric vehicle sales are increasing in Australia, but still make up a small fraction of all cars sold.
That’s not the responsible thing to do. That’s a lowdown thing to do.
That's fine. Private lenders will step in to finance affordable gas cars.
Let’s hear more about trumps FBI raid.
Australia has really lost it.
AJacksonTV Everything they are doing is going to make gas and diesel cars appreciate in value
Aren't they still on lock down because of the flu
They might regret it. Let’s say you live on a coastal city & a level 4 hurricane is coming. Is your car charged enough to make it to the nearest Hotel? Will all of the charging stations working? Will the lines be long? What do you do if there’s a Power Outage & you’re stranded?
Yea. Good luck with that.
Totalitarianism. Pure and simple. Forcing people to buy cars they don’t want it. The climate Nazis strike again.
Go woke go broke