“I think you should treat good friends like a fine wine. That’s why I keep mine locked up in the basement.” - Tim Hawkins
From everything that I have read elsewhere about when Chrysler Corporation finally starts mass production of their EV muscles cars in 3 to 5 years, they will. The 3 to 5 years is how long it will take to obtain land and build the new factories. Ford on the other is merely converting existing Mustang factories.
Australian bank to scrap loans for new diesel and gasoline cars as country looks to increase EV uptake
- While there will be no more loans for new combustion engine vehicles — including hybrids — from 2025, Bank Australia will continue to provide them for used ones.
- Australian government says it’s “significantly behind the pack when it comes to electric vehicles.”
- According to the International Energy Agency, electric vehicle sales hit 6.6 million in 2021.
An Australian bank plans to stop giving loans for new diesel and gasoline cars as the country tries to encourage the use of electric vehicles and catch up with other developed countries.
In a statement Friday, Bank Australia said it would scrap loans for new fossil fuel vehicles from 2025. Sasha Courville, its chief impact officer, said that date had been picked “because the change to electric vehicles needs to happen quickly.”
The bank, Courville added, believed this could happen “with the right supporting policies in place to bring a greater range of more affordable electric vehicles to Australia.”
While there will be no more loans for new combustion engine vehicles — including hybrids — from 2025, Bank Australia will continue to provide them for used ones.
“We’ll continue to offer loans for second-hand fossil fuel vehicles until there is a viable and thriving market for electric vehicles,” it said.
On that front, Friday also saw the Australian government provide information about plans to set up a National Electric Vehicle Strategy for the country, with a discussion paper on the matter due to be released for consultation.
In an announcement, the government said Australia was “significantly behind the pack when it comes to electric vehicles.”
It added that, at just 2%, the country’s uptake of new low-emission vehicles was “nearly five times lower than the global average — national leadership is needed to ensure we don’t continue to be left behind.”
“In this context, we believe that now is the time to have an orderly and sensible discussion about whether vehicle fuel efficiency standards could help improve the supply of electric vehicles into the Australian market, to address the cost-of-living impacts of inefficient cars, and to reduce emissions from the transport sector.”
Ford Reportedly Laying Off 3,000 Employees. Here Are The Major U.S. Job Cuts Amid Growing Recession Fears.
And that 3000 at Ford is just a drop in the bucket. Later in the article they mention another 8000 being axed by Ford. All total there are at least 42 businesses list that are cutting staff or have already cut stall this year. And then there are the smaller companies that manufacturer the components and those that manufacture the small parts. Contrary to what the White House is saying, the economy is sinking and doing so fast.
Just report the truth about where the current administration is taking this country. Oh by the way, those GE jobs that bsm2 mentioned, the reason he didn't post a link is because it first was announced nearly a year ago and they are still working on it. It hasn't fully happened yet.
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