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Driving towards a sustainable future

 
In recent times we have seen the first few baby steps taken towards a sustainable motoring industry.  Early participants such as Toyota and Tesla demonstrated that hybrid and fully electric vehicles could command a small market niche with exciting potential for expansion.  In the years since, electric vehicles (EV's) have become decidedly more mainstream, with the arrival of the Nissan Leaf and the recently released Hyundai Ioniq leading the way as a range of other manufacturers commit to supporting the sector with models of their own including hybrids, plug-in hybrids and fully electric offerings coming to market.  At the same time, new networks of roadside charging stations are being rolled out by private firms and motoring organisations extending the reach of EV's ever further.
 
While this has been underway the climate change debate has driven political and social momentum towards support for the transition from non-renewable to renewable energy options.   Couple that with rising power costs, concerns over local pollution and the growth of sustainable power alternatives such as solar capture and battery storage and you have a real appetite building for a new look at energy that is closely linked to how we each move from point A to point B.   
 
At Transport Mutual we have decided to commit to playing our part in this transition by releasing a number of products aimed at supporting the growth in electric vehicles and related sustainable energy.   
 
We call the initiative GoGreen, and it includes both lending and investing options.   The GoGreen Loan is a secured personal loan for any combination of electric or hybrid vehicle, solar panels or battery storage.  The interest rate on the GoGreen Loan will be heavily discounted to show TMCU's commitment to this endeavour.  And for those who are not borrowers but would like to support the move towards sustainability in their investment decisions, the GoGreen Deposit will allow you to invest in a government-guaranteed fixed term deposit which will then be reinvested by TMCU in funding the GoGreen Loan.   In effect, your investment will earn you competitive interest and be dedicated solely to the support of the GoGreen lending initiative.    
 
We are very excited to roll out the GoGreen and welcome your interest and support.   The GoGreen will go live on 1st March 2019 and you can stay up to date on developments by visiting transportmutual.com.au/GoGreen or by checking out our facebook page at facebook.com/TransportMutual.   We look forward to the journey with you.
 
Yours faithfully,
 
John
 
 

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