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YIKES: Australian Bank To Stop Lending
For Gas-Powered Cars, Loans Only Available
For Electric Vehicles

Original Article

Posted By: Rush Was Right, 9/5/2022 9:45:41 AM

As shocking as it is unsurprising, an Australian bank chain is providing a terrifying glimpse into the dystopian future that awaits everyone who still believes man-made climate change is worse than chains. In an August press release, Bank Australia made the stunning announcement that it would cease lending to prospective new car owners in 2025 if the vehicle of their choosing relied on tried-and-true combustion. Instead, new car owners would only be able to procure a new car loan if there are expensive lithium batteries propelling the wheels.

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Reply 1 - Posted by: MickTurn 9/5/2022 9:56:11 AM (No. 1268934)
And of course the Commie politicians have heavy investments and massive kickback deals WITH the Electric Car Companies...
22 people like this.

Reply 2 - Posted by: sw penn 9/5/2022 10:04:27 AM (No. 1268943)
"the dystopian future that awaits everyone who still believes man-made climate change is worse than chains." The unproven idea of "man-made climate change" is being used by the Finks and the Schwabs, the WEF types, to forge your chains. If you let these anti-humanists succeed, those chains will be very difficult to remove. You better hope de-globalization leaves no "World Economy" to "Forum". “We think that the responsible thing for us to do next, is to ensure that our vehicle lending doesn’t lock our customers into higher carbon emissions and increasingly expensive running costs in the years ahead.” Those "increasingly expensive running costs" are the result of deliberate choices and can be changed. "...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.” The Anderson study, however, challenged the presumption that EVs are cheaper to drive — or even cheaper to fuel. It found that powering EVs comes with four hidden costs: the purchase of a home charger, the greatly inflated price of commercial charging at public stations, “deadhead miles” spent driving to find far-flung charging stations and registration taxes that states slap on EV drivers to make up for the fact that they don’t pay gas taxes. The study also factored in the cost of time spent searching for reliable charging stations, which — even when located — can take a half-hour for a charge of 20% to 80%. Traditional research — like the industry standard provided by DOE — doesn’t take any of that into account. It also presumes a heavily lopsided reliance on cheap, at-home charging instead of expensive commercial charging. Propagandists don't always tell you the truth...
23 people like this.

Reply 3 - Posted by: Northcross 9/5/2022 10:08:21 AM (No. 1268945)
Not a great business decision, but now green ideology trumps profits.
9 people like this.

Reply 4 - Posted by: marbles 9/5/2022 10:10:58 AM (No. 1268948)
Next up, mortgages only given for " green " homes.
19 people like this.

Reply 5 - Posted by: pinger 9/5/2022 10:22:12 AM (No. 1268956)
What is the name of Jesus is happening in what was here-to-fore considered the "free world?" Some day before too much time has passed, enough people who don't want their lives controlled by "the state" are going to say "enough" then things will get interesting. Purchase shares in companies that manufacturing fire engines.
15 people like this.

Reply 6 - Posted by: CactusStar 9/5/2022 10:23:22 AM (No. 1268957)
After their announcement, no reasonable person would finance a gas fired car through them as of today.
10 people like this.

Reply 7 - Posted by: Axeman 9/5/2022 10:26:34 AM (No. 1268961)
So, pay cash. This is just to control the little people.
13 people like this.

Reply 8 - Posted by: pensom2 9/5/2022 10:37:24 AM (No. 1268973)
I don't know much about Australian politics, though what little I do know (i.e., gun confiscation) smells bad. But if a major US bank made an announcement like this, it would face considerable backlash from freedom-loving Americans. So far at least, "Go woke, go broke" is more than just a slogan.
12 people like this.

Reply 9 - Posted by: GoodDeal 9/5/2022 10:51:15 AM (No. 1268991)
Looks like private money lenders are going to cash in. Dealers can carry their own paper. There is always a way.
11 people like this.

Reply 10 - Posted by: mifla 9/5/2022 10:58:31 AM (No. 1269001)
The Aussies are not the same people who helped whip the Japanese in WWII. This is almost as bad as Ireland approving abortions.
9 people like this.

Reply 11 - Posted by: berthabutt 9/5/2022 11:00:42 AM (No. 1269005)
I thought banks can only lend what their depositors leave in there? Won't be long before average Croc Dundee's $ goes to the banks that aren't looney eco-facists.
9 people like this.

Reply 12 - Posted by: Solid_Oak 9/5/2022 11:05:23 AM (No. 1269012)
If I had any money in that stupid bank, it would be drawn out FAST.
14 people like this.

Reply 13 - Posted by: paral04 9/5/2022 11:20:22 AM (No. 1269021)
Yes, I am sure there are plenty of charging stations in the Outback. What idiots!
9 people like this.

Reply 14 - Posted by: Lake Dweller 9/5/2022 11:42:20 AM (No. 1269030)
Lawsuit time.
4 people like this.

Reply 15 - Posted by: bad-hair 9/5/2022 11:55:03 AM (No. 1269037)
Flash in the pan Step 1 I don't need a car loan, I need a home improvement loan. Step 2 Nobody is coming to the bank for a loan. Step 3 Here's your car loan.
3 people like this.

Reply 16 - Posted by: Rumblehog 9/5/2022 12:44:17 PM (No. 1269070)
I guess we are seeing the end of civilization when the banks line up with the government in a show of fascist power over the very people whom they serve.
7 people like this.

Reply 17 - Posted by: Joni Gal 9/5/2022 12:48:51 PM (No. 1269074)
Stuck on stupid!!
2 people like this.

Reply 18 - Posted by: rytwng 9/5/2022 1:56:49 PM (No. 1269128)
Not enough batteries or electricity for everyone to have a battery powered car.
3 people like this.

Reply 19 - Posted by: cor-vet 9/5/2022 1:57:59 PM (No. 1269129)
I'd love to see how this affects their bottom line!
2 people like this.

Reply 20 - Posted by: FunOne 9/5/2022 2:10:28 PM (No. 1269146)
“Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power” ― Benito Mussolini When the populace accepted the Aussie government directive to turn in all private firearms, the concepts of freedom and liberty was given away.
4 people like this.

Reply 21 - Posted by: snowoutlaw 9/5/2022 2:11:30 PM (No. 1269148)
Seems Bank Australia is a small fringe left wing bank, they say "We’re the bank for people who believe in a fair and inclusive society. Together with our customers, we’re creating a world where people and the planet thrive."
2 people like this.

Reply 22 - Posted by: jimkata 9/5/2022 2:12:03 PM (No. 1269150)
Who knew " Mad Max" was an accurate predictor of the future....and it focused on the Australia as the center of ot all... Who knew!
2 people like this.

Reply 23 - Posted by: Zeek Wolfe 9/5/2022 2:42:34 PM (No. 1269177)
Next up for Australians, "g'day, mate' to be replaced by "g'day comrade."
2 people like this.

Reply 24 - Posted by: hershey 9/5/2022 2:51:13 PM (No. 1269180)
EV insanity sweeps the world....can none of these wankers understand 'climate change' or whatever catchy phrase they are using now is just a con game to separate people from their money??? I remember back years ago some article about how the collected data .... one of the items was putting thermometers at the end of jetways so they would register higher from the exhaust gasses...
1 person likes this.

Reply 25 - Posted by: OZZCAR 9/5/2022 4:17:44 PM (No. 1269237)
I think Australia is big enough to represent what a monumental green failure looks like and how the rest of the world could avoid it. Since Australia is hellbent on EVs for all they might want to look into their energy infrastructure. Much of Australia is unoccupied, they should be building city sized nuclear power plants somewhere in the middle to supply the entire country with a surplus. Electricity could turn Australia into an economic superpower.
2 people like this.

Reply 26 - Posted by: MDConservative 9/5/2022 4:22:23 PM (No. 1269244)
Want to make some money? Form a lender that specializes in gas auto loans. Where are the entrepreneurs out there?
2 people like this.

Reply 27 - Posted by: lakerman1 9/5/2022 5:16:44 PM (No. 1269280)
Cuban car owners have proved that you can keep an old car running, almost forever. Australian car owners may have to do the same.
2 people like this.

Reply 28 - Posted by: DVC 9/5/2022 7:18:30 PM (No. 1269355)
Not going to be able to cross the Outback in an EV.
1 person likes this.

Reply 29 - Posted by: garyhope 9/6/2022 12:44:10 AM (No. 1269552)
Yeah,.....Australia is so very polluted. Almost 3 million square miles of almost empty land and it's just ever SO polluted.
0 people like this.

Reply 30 - Posted by: Samsquanch 9/6/2022 5:34:13 AM (No. 1269617)
Most rare-earth metals are owned by the CCP, who owns all the criminal politicians.
1 person likes this.

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