China and France Might Ban the Gas-Powered Car

China and France are throwing some shade towards oil.
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China is also throwing some shade towards oil.

The country is taking steps to set a deadline to end the sale of fossil fuel powered cars, according to a Chinese government official on Saturday. Such a move would spur automakers such as Ford (F) - Get Report and General Motors (GM) - Get Report to develop more electric cars in a bid to reduce pollution.

Bloomberg first reported the news.

China isn't alone on this topic of reducing reliance on fossil fuel.

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