[Breitbart] An Australian bank has decided the future is electric and will stop approving personal loans for new petrol and diesel-powered cars from 2025 onwards.Electric vehicles (EVs) comprised a tiny two per cent of vehicles sold in Australia last year. That is a drop in the ocean compared to 17 per cent in Europe and 13.3 per cent in China, and with high starting prices coming in at $47,000 and a lack of charging stations Down Under, potential buyers still look for any alternatives to those on offer from major EV manufacturers.
The customer-owned Bank Australia wants to change that in its drive to reduce carbon emissions, even as the price of EVs climbs around the world as manufacturers look to profit from government incentives to get drivers to dump their gas models.
"We think that the responsible thing for us to do next, is to ensure that our vehicle lending doesn’t lock our customers in to higher carbon emissions and increasingly expensive running costs in the years ahead," Bank Australia Chief Impact Officer Sasha Courville said in a statement seen by Fox News.
