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IPFS News Link • Australia

Australian bank announces it will BAN loans for petrol or diesel cars...

• Daily Mail

-Customer-owned Bank Australia will stop petrol and diesel car loans from 2025

-Chief impact officer Sasha Courville said this was to decarbonise economy

-Federal ministers Chris Bowen, Catherine King have announced new EV policies

An Australian bank will stop approving personal loans for new petrol and diesel-powered cars from 2025 as the federal government flags tough new fuel efficiency standards.

Electric vehicles this year have a minuscule 1.6 per cent market share even when Tesla sales were included, with starting prices of $47,000 and a lack of charging stations turning off many potential motorists. 


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