By: The costs count
The European Union plans to stop fossil fuel car sales by 2035 and wants to accelerate the transition to electric vehicles.
Fossil fuel car production employs millions of people across Europe. But the vehicles are responsible for 15 percent of all carbon dioxide emissions in the European Union.
The EU wants to drastically reduce exhaust emissions as part of its ambitious plans to reach carbon neutrality by 2050 and combat climate change. Petrolheads are now being told to prepare for a cleaner ride.
Car manufacturers must reduce CO2 emissions from new vehicles sold in the EU by 100 percent by 2035.
Elsewhere, global airline profits are rising for the first time since the start of the COVID-19 pandemic.