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Bank bans loans for petrol cars

Mike Jeffreys

Mike speaks with Drive.com’s Trent Nikolic about Bank Australia’s decision to stop offering car loans for petrol, diesel, and hybrid vehicles from February 2025.

The move supports its 2035 net-zero goal, urging a faster transition to EVs.

While Bank Australia defends the policy, major banks say they have no plans to follow suit, meaning buyers can still access loans for non-EV vehicles through other lenders.

Download this podcast here

Mike Jeffreys
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