A large Australian bank announced this week that it will stop funding loans for new gas and diesel cars in 2025 to encourage the shift to electric vehicles.
Interesting idea: corporations are no longer private or profit driven. They are feudal lords.
Also, Why bank with them at all? Just go somewhere else.
Dont give people that hate you money.
The US banking system works from a top down flow of cash: Example:Fed prints it--->"lends" it to 5 big Wall Street banks at 1/2%--> they lend it to big commercial banks at 1% --> they lend it to big regional banks at 1.5% --> they lend it to local banks at 2.0% --> they lend it to small credit unions at 2.5% --> they lend ot to you at 3.0%.
If Fed specifies that money can't be lent for internal combustion vehicles, there will be no loan money for gas cars, anywhere.
(this is an oversimplification, but the effect can be created exactly as described.)
You have a point. Though, there are always a way around any system. Bartering is still a major thing in large parts of the US at least and most don't want/need a "new" car. The companies will go bust long before the people looking for a way to get around will.
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