Australian bank will end loans for new gas and diesel cars in shift to electric vehicles

An Australian bank announced this week that it will stop funding loans for new gas and diesel cars in 2025 to encourage the shift to electric vehicles. "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 on Friday.
Read more: https://www.foxbusiness.com/economy/australian-bank-end-loans-new-gas-diesel-cars-shift-electric-vehicles?source=Snapzu