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.