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

Submitted by Dave Hodges on Sunday, August 28, 2022 - 22:07.

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.

Australia's new electrical vehicle plan

CHARGING STATIONS: Average interval of 150km as part of a plan for a national network

COMMONWEALTH GOVERNMENT CAR FLEET: Low emissions target to apply to 75 per cent of purchased or leased vehicles by 2025

HYDROGEN HIGHWAYS: Refuelling network for another renewable energy-powered vehicle

Comments

No Loans Are Not The Endgame

Jeff Martin Mon, 08/29/2022 - 11:26

Comment

The consumer used to drive the marketplace. The consumer decided what product thrived or failed in the marketplace. Now it is the government and corporations who dictate what choices the consumer has (or, in this case, hasn't). But it goes beyond "choices." The real endgame is getting consumers totally out of private transportation and into "approved" mass transit, e.g. buses or, what, rickshaws? It's the new dictum, "You will own nothing, and be happy!"