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Bank Australia to Cease Loans for New Petrol and Diesel Cars After 2025

23 Aug 2022 | Abstracted from Drive

"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.

"...despite future new-car loans being limited to electric vehicles, the company's Chief Impact Officer...says second-hand cars won't be subject to the same guidelines.

"Pepper Money..incentivising...zero-emissions cars by offering 12 months of free charging."



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