Teachers Mutual Bank invests in an electric car future Talk to us Phone us Email us Breadcrumbs Teachers Mutual Bank Community 2013 Teachers Mutual Bank invests in an electric car future 3 October 2013 3 October 2013 Teachers Mutual Bank invests in an electric car future We have purchased an electric car for our HQ fleet use. This ‘game-changing vehicle’ is a Long Range Holden Volt electric car; free of the normal range anxiety, having two power sources and a total driving range of 600 km. “We just plug the car in and charge it like a mobile phone. A typical 60km a day commute means that the purchase of petrol is generally unnecessary. The electric car will be 100% carbon neutral, as any minor additional fuel use will be offset,” said Steve James, CEO of Teachers Mutual Bank. "We continually manage our environmental footprint, and utilising this innovative technology is another way of putting our sustainability money where our mouth is,” said Steve James. As the HQ fleet vehicle, the Teachers Mutual Bank car will be used throughout urban and suburban Sydney. Because it’s state-of- the-art, with no outward signs that it’s battery electric, we added the livery ‘This car is electric’ on the rear to spread the message that it’s a touch-point of sustainability in action. “The Teachers Mutual Bank electric car will be visible to thousands of people as our staff drive it between our offices and to schools around greater Sydney, and our aim is to send a positive message about practical environmental solutions.” The Volt is not a hybrid, it is a battery electric car with an on-board generator, and is designed to spend most of its life being propelled by battery power alone, powered by General Motors’ revolutionary electric propulsion system with a 16.5kWh lithium ion battery that provides an electric charge of 87 km. Quick Facts There are 11 million cars in Australia, and about 600 electric cars. The Volt has an electric drive motor of 111kW and generator motor of 55kW on two wheels front drive. A 1.4 litre petrol engine extends the range by 600 km by maintaining a charge in the battery to power the wheels. The fuel tank is 35.2 litres capacity. Back to top.