Aussie bank bans petrol cars, urges more to go electric

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One of Australia’s leading banks is about to make a sizeable investment in the future of electric transport.

One year after banning the purchase of new petrol vehicles, Teachers Mutual Bank has revealed plans to replace its entire fleet with electric cars and utes as part of a $2 million project.

The transition is expected to take less than four years in a move bank executives say should encourage other corporations, including larger banks, to make similar commitments.

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