In a move to try to force drivers into taking the ‘correct’, woke option, a major bank will now cease to approve loans for gas-powered vehicles and will only dish out the dollars to those who want to buy electric cars.
Bank Australia has taken the idea of an ESG (environmental, social, and governance) score one step further as it announced that it would apply the policy to the type of vehicle a driver chooses to buy.
The bank announced it would completely stop all loans for new petrol or diesel cars from 2025, and will only accept new loan applications for those wishing to purchase electric vehicles or used gas-powered cars.
According to Bank Australia’s Chief Impact Officer, Sasha Courville, it’s all about trying to push the public into making the ‘correct’ decision, supposedly both for themselves and for the environment:
“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,” said Courville, who obviously believes that the bank is there to try to force its customers to spend their hard-earned money in a way its executives think is acceptable.
“Ultimately, our announcement today is the beginning of a conversation with our customers and a signal to the wider market that if you’re considering buying a new car, you should think seriously about an electric vehicle – both for its impact on the climate and for its lifetime cost savings.”
Electric cars are not a very popular choice in Australia. Many drivers are put off by the fact that the country is vast and charging points for electric cars are still few and far between and electric drivers often have to wait in long lines in order to power up.
While the country bought around 20,000 EVs last year, global EV infrastructure expert, Florian Naegele told the Australian Financial Review that the Aussies would need 2.8 million chargers, costing around $20 billion AUD for the country to be able to rely on electric vehicles:
“We’re well advised to step on the pedal in terms of getting ready for rolling out the infrastructure,” he said.
Have to admit I presently groan a bit on news of new shipments of EV's. On-street parking for me, and "Australia's busiest charger" is my local. It's going to get ugly when the queues get even longer.
On street charging has to happen at some point.
— JustTheFacts AZx2+PFx2 (@JustThe96568400) August 16, 2022
So far, electric vehicle drivers make up just 2 percent of road users Down Under.
Despite the lack of infrastructure, Australian establishments like Bank Australia are still attempting to pressure citizens into following the woke agenda, cluelessly claiming that Aussies probably aren’t buying into the EV craze because they can’t afford it:
“While we will cease car loans for new fossil fuel cars from 2025, we are deeply aware that we need to support people not yet able to afford an electric vehicle while the market grows,” said Courville.
As with many big corporates across the Western world and of course in the US, the Bank pledged that it would become
Carbon neutral by 2035. Their ‘green’ policies inevitably trickle down to we, the people, who are forced to bear the brunt of it all.
As we know, when a woke company starts the ball rolling, others will soon follow, and the trend won’t stop in one country.
Biden’s $2.2tn Build Back Better plot will supposedly ensure that at least half of all vehicles on American roads are electric by 2030.
Earlier this month, the green-obsessed president also signed legislation to eliminate electric vehicle tax credits for most models getting up to $7,500 effective.
The bill includes tens of billions of dollars for the new loan, tax credits, and grant programs for car manufacturers to produce electric vehicles.