The Bank of Australia will stop granting new fossil fuel car loans from 2025. A post on their website explains, “We’ve chosen 2025 because the change to electric vehicles needs to happen quickly.”
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The US Department of Energy has announced that it will provide a $2.5 billion loan to the battery joint venture between General Motors and LG Energy Solution. Ultium Cells will use the money to finance the construction of new battery cell production facilities.
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Lucid unveiled Lucid Financial Services, a digital platform offering a new financing process, including lease and loan purchase options to Lucid Air customers. The program is accessible to US customers and runs together with Bank of America.
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The Italian energy provider Enel has received a 115 million euro EIB loan for their plan to set up around 14,000 EV charging stations in all of Italy.
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