Takeaways:

  • Bank Australia has announced that it will no longer offer loans for new fossil fuel cars for 2025.
  • They say it will encourage more people to buy electric vehicles.
  • “We’ve chosen 2025 because the change to electric vehicles needs to happen quickly, and we believe it can with the right supporting policies in place to bring a greater range of more affordable electric vehicles to Australia”, said Sasha Courville, the bank’s chief impact officer.

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