For those of you living in Australia, you better brace yourself if you plan on buying a gas-powered vehicle in the future.
According to Car Expert, the Australian financial institution will stop funding fossil fuel-fueled car loans in 2025. In an announcement earlier this year, the bank committed to reaching net zero carbon emissions by 2035 – a commitment no other Australian bank has made. During the National Electric Vehicle Summit in Canberra, the government announced the decision, noting that passenger vehicles contribute 43 per cent to Australia’s overall emissions from transportation.
Here’s WION, an Indian multinational English news channel, with more:
In a statement, Bank Australia chief impact officer Sasha Courville said, ““By ceasing car loans for new fossil fuel vehicles, we are sending a signal to the Australian market about the rapid acceleration in the transition from internal combustion to electric vehicles we expect to see in the next few years.”
Bank Australia is aware of the need to support people not yet able to afford electric vehicles while the market grows, so it will continue to offer loans for second-hand fossil-fuel vehicles “until there is a viable and thriving market for electric vehicles””.
Louder with Crowder noted that Americans need to pay attention because leftists in this country will pull the same Marxist crap if allowed to.