As the climate crisis escalates, it's increasingly clear that sustainable choices are essential for our security - now and into the future. But many people don't realise that climate action can also be economically advantageous! A prime example is my friend Michael's experience transitioning from a petrol-powered car to an EV with support from an innovative ACT Government program.
Michael's Story: A Win-Win Transition
Michael had an old 2006 Holden that was nearing the end of its life. Driving was the main source of his greenhouse gas emissions. So, given it was time to upgrade, he decided to explore options for a cleaner, more cost-effective vehicle.
Thanks to the ACT Government's Interest-Free Loan Scheme for Sustainable Households, Michael got a $15,000 interest-free loan to buy a 2017 all-electric Nissan Leaf imported from Japan.
The 7-year-old Leaf, with just 21,000 km on clock, cost $21,000. Thanks to the interest free ACT government loan, Michael only needed to find $6,000 upfront. His loan repayments are just $57 per fortnight - less than what he was previously spending on petrol. And his car usually charges for free from solar panels on the roof of the house he lives in.
Transitioning to an EV not only reduced Michael's carbon emissions but is saving him money. It's a perfect example of how, with the right government policies, avoiding climate collapse and protecting our future doesn't have to be seen as a net cost issue. We can contribute to a safer planet while also reaping economic rewards.
Why not do an internet search to check out policies and programs on offer in your state or territory. You might be surprised to find that taking climate action can be a win-win. What's good for the weather can be good for the wallet.
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