<
https://www.drive.com.au/news/loans-for-petrol-and-diesel-cars-to-end-bank-declares/>
"Buyers looking to finance their new car through their bank may soon be limited
to electric models.
Bank Australia has announced it will be stopping loans for petrol and diesel
cars from 2025, with the goal of the customer-owned bank to reach net zero
carbon emissions by 2035.
The decision means customers will be limited to buying pure battery-powered
vehicles, with traditional and plug-in hybrid models to be excluded from its
new-car loan eligibility.
However, despite future new-car loans being limited to electric vehicles, the
company’s Chief Impact Officer, Sasha Courville, says second-hand cars won’t be
subject to the same guidelines.
“While we will cease car loans for new fossil fuel cars from 2025, we are
deeply aware that we need to support people not yet able to afford an electric
vehicle while the market grows,” Dr Courville said at the announcement.
“We’ll continue to offer loans for second-hand fossil fuel vehicles until there
is a viable and thriving market for electric vehicles,” she added.
Australia’s largest non-bank lender, Pepper Money, has taken a different
approach, instead incentivising the uptake of zero-emissions cars by offering
12 months of free charging.
Partnering with Evie Networks, customers will get a year of free public
charging within Australia for those who finance their electric vehicles through
Pepper Money."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
