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.
But the customer-owned Bank Australia wants to change that, in a bid to reduce carbon emissions linked to climate change.
h/t Dodger007
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