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2022-08-29 Down Under

Woke Aussie Bank in Electric Vehicle Push: Ends Loans for New Gas and Diesel Cars

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Posted by Besoeker 2022-08-29 01:46|| E-Mail|| Front Page|| [11130 views ] Top

#1 An ~~Australian~~ Government bank has decided the future is electric and will stop approving personal loans for new petrol and diesel-powered cars from 2025 onwards.

Posted by Besoeker 2022-08-29 01:54|| 2022-08-29 01:54|| Front Page Top

#2 Not that this policy is elitist because the rich can afford anything...

Posted by magpie 2022-08-29 02:02|| 2022-08-29 02:02|| Front Page Top

#3 the customer-owned Bank Australia

One assumes the customers that own the bank agree with this new direction. If not, it’s clearly time to replace the management team with one willing to meet actual customer/owner needs.

Posted by trailing wife 2022-08-29 02:03|| 2022-08-29 02:03|| Front Page Top

#4 If this credit union-type outfit is truly a customer-owned bank and that's what this bank and its members have decided on, then so be it (but deep down I hope they lose customers left and right).

It's not like some religious bakery refusing to make a cake for a homo wedding. Oh, wait...!

A small win for a free market.

Posted by DooDahMan 2022-08-29 04:53|| 2022-08-29 04:53|| Front Page Top

#5
Call me suspicious ...
But this Anti-Fuel Vehicle Stream Roller political agenda seems to be fueled by more than a bunch of elite deep $$$ pockets playing up to Tree Hugger types?

Is there a bigger story (reason) behind this?

Posted by NN2N1 2022-08-29 08:16|| 2022-08-29 08:16|| Front Page Top

#6 It's the "current thing." Ukraine better be careful or it will fall out of the spotlight.

Posted by M. Murcek 2022-08-29 08:19|| 2022-08-29 08:19|| Front Page Top

#7 This entire scheme will fail, as many posters have pointed out, dictates by a financial institution will isolate the business and it will fail; the policy of "switching to Green" is in itself is intellectually/financially flawed (see article on The EV $29,000 battery replacement, which does not even include the cost of charging!) further, the Australian infrastructure for power generation/recharging stations/hazardous waste disposal is not available and Australia's general economy is insufficient to mount the "Green Dream", not to mention its present population buy-in to this "Curved Culture of Socialism".
The maps give the population of Australia and its concentration in urban areas which quickly fall as the center of the country is reached; there are areas in Australia with No Inhabitants. Are the people of Australia going to build "charging stations" in the middle of nowhere?
Australia - Populations
USA - Populations
Compared to the USA, Australia's population today is less than Texas by 3.5 million - Australian GDP Statistics 2022 1. Australia's GDP stood at US$1.63 trillion in 2021. (Statista, Trading Economics) In 2020, the Gross Domestic Product (GDP) in Australia was worth US$1.3 trillion or US$52,847.68 per capita—the second-lowest on record in the past 12 years. That year, the country's GDP value represented 1.8% of the global economy. This scheme is extremely ambitious given the overall lack of national financial resources.

Posted by Otto Henbane8173 2022-08-29 10:08|| 2022-08-29 10:08|| Front Page Top

#8 The '5 year plan" will work just fine with enough proles under the yoke...

Posted by M. Murcek 2022-08-29 10:32|| 2022-08-29 10:32|| Front Page Top

#9 How drivers are downsizing fuel-hungry motors like BMWs and Mercedes for more efficient cars as cost-of-living crisis deepens

Posted by Skidmark 2022-08-29 10:45|| 2022-08-29 10:45|| Front Page Top

#10 Otto, there's a mandated string of charging stations on Australia's transcon highway. They're diesel powered. I am not kidding.

Posted by ed in texas 2022-08-29 13:16|| 2022-08-29 13:16|| Front Page Top

#11 ^ The future is stupid.

Posted by M. Murcek 2022-08-29 14:01|| 2022-08-29 14:01|| Front Page Top

#12 ...and not what it used to be (thanks, Yogi).

Posted by DooDahMan 2022-08-29 14:03|| 2022-08-29 14:03|| Front Page Top

#13 Does Australia have a Too Woke To Fail policy toward banks?

Posted by Regular joe 2022-08-29 14:50|| 2022-08-29 14:50|| Front Page Top

#14 HQ is in a inner city lefty suburb of Melbourne .In 2022, Bank Australia responded to shareholder demands and set a net zero target for 2035. I have interactions with several financial institutions and have never heard of them until this...so full on woke self promotion

Posted by Classer 2022-08-29 16:28|| 2022-08-29 16:28|| Front Page Top

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