It is simply not fast enough to get the danes in electric cars, believe Merkur Andelskasse. Therefore, says andelskassen as the first Danish bank now no to customers who want to borrow to finance cars that run on fossil fuels.

It informs the Merkur Andelskasse in a press release.

Together with our customers, we will constantly take the lead towards the most sustainable choice. The goal is to constantly push on the development. This we now know to say ‘ no ‘ to funding new petrol and diesel cars. Also although it may not be popular and may cost customers in the short term. Merkur has always worked for the green transition, and we will, says Charlotte Skovgaard, executive director, Merkur Andelskasse, in the press release.

electric Cars represent only a very small share of total car sales – 2.4 percent in 2019, and this is despite the government’s objective that says that all new cars from 2030 must be lavemissionsbiler. From 2035, all cars be nulemissionsbiler. It will mean that there will be over a million electric cars on the Danish roads.

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in Order to further move the development towards more environmentally sound options, is it in Mercury cheapest to borrow for the purchase of an electric car, while a loan to a plug-in hybrid car is more expensive.

– The more green, the cheaper, sounds Mercury Andelskasses mantra.

Mercury going out from a bæredygtighedsbetragtning still finance the purchase of the most energyefficient used fossilbiler, from class A to A+++, but the price of these loans is significantly higher than for electric cars, and the loans will be completely phased out as the existing fleet is decommissioned and is being replaced.

– In the short term it is more sustainable to use the existing cars, to the end of life, than it is to produce new, even though they run on electricity. Therefore, you can here and now, still good to borrow for a used petrol or dieselbil, but only to the most fuel efficient. But our goal is to say fully and completely stop funding all fossil cars, regardless of labelling, says Charlotte Skovgaard.

– Many of our customers have chosen us because they want a viable alternative to the other banks. They want their money to make sense – and therefore choose a bank, which is green in its DNA and in which the entire business model is built up to ensure a more sustainable world, says Charlotte Skovgaard.

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