Wed, 13th May 2026

In this episode of Weekly Finance News Wrap, we look at Australia's rapidly growing electric vehicle (EV) market. Interest in EV loans has spiked amid rising fuel costs, led by big advances for Tesla loans, while recent trade agreement changes are boosting EV affordability. EV sales and interest have risen significantly over the last year. In our marine segment, we explore new measures being proposed by the Boating Industry Association to enhance Jet Ski safety and maintain a positive image for the sport. We also cover the third consecutive rise of the cash rate by the Reserve Bank of Australia, and the subsequent increase in home loan interest rates, prompting first time homebuyers to reconsider their financial strategies. Finally, we discuss a significant legal ruling against Cigno Australia and BSF Solutions for $7 million for contravening Australian credit laws with an unlawful payday lending scheme.n