Announcement at national electric vehicle summit comes as climate change minister seeks input on national EV strategy
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An Australian bank will stop offering loans for new fossil fuel cars from 2025 in a step it says will encourage more people to buy electric vehicles.
The customer-owned Bank Australia will announce the self-imposed ban at a national EV summit in Canberra on Friday, arguing it is a responsible step to ensure its lending practices did not “lock our customers into higher carbon emissions and increasingly expensive running costs”.