Posted on 08/25/2022 8:00:04 AM PDT by Jan_Sobieski
You may have heard of a company’s “ESG score”: The initials stand for environmental, social and governance — and the scores businesses receive can determine whether they have access to capital and at what interest rate, among other things.
Now, Bank Australia wants to export that kind of thinking to an individual’s choice of car.
According to Fox Business, the financial institution announced Friday that it will stop providing loans for new gas and diesel cars starting in 2025. Instead, it will only be giving loans to those buying new electric vehicles or used gas and diesel cars…
(Excerpt) Read more at westernjournal.com ...
Soviet Union redux, anew.
LOL. Sounds like “da bank” has invested in EVs. I guess this is one way to sell that crap.
Coming to America? Will we see fewer buying gasoline powered cars because they can’t get loans for such vehicles????
California is set to ban new gasoline powered cars by 2035. No word though, on how the power grid will be equipped to handle recharging of tens of millions of vehicles overnight.
If this sort of thing becomes the norm, it will KILL the auto industry.
There are many other choices for loans, hopefully this company will be out of business soon enough.
Can a bank write loans if all depositors pull their funds from the bank? Asking for a friend.
Starting in 2025 so stop doing business with that bank now
In the US, have a black guy get denied for a car loan on that basis. The banks won’t survive too much of that undee present regulations.
That's the plan.
ESG scoring will come for guns next. The objective is to force those changes that are not popular amongst us pesky voters.
It’s getting closer than you think:
“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” -Revelation 13:17
I used to think nuclear war would be the end of civilization.
Now just rank stupidity will end a large portion of us.
Here’s my understanding of how buying a car on credit works. The dealership has some financing means that they negotiated. You can bet that a dealership that sells gasoline cars will find someone to underwrite the financing.
Insanity
Does that bank have enough other business, so it won’t hurt them to lose the car loan business?
Or do the directors and management of that bank, just like making a political statement? We do seem to be evolving towards the electric car being a status symbol, making a statement etc.
How are people living in apartments supposed to charge cars? These f heads demand this stuff but don’t even have a plan that shows any intelligence was used to make their laws viable.
Or the banks are getting a kick back from the EV manufacturers. The bank is the “big guy”.
And the petroleum industry. That's the plan. It's not a bug but a feature.
I wonder what Jay Leno, super leftist car hyper enthusiast, thinks of the attack on the auto industry?
I think that’s the idea. Only expensive cars will be sold. The little people who manage to survive will be limited in mobility, much like a medieval serf.
Fuel will only be available for the big, important people.
It’s “democracy” you see.
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