greenhouse gases

"Electric Car" by MikesPhotos is licensed under CC0 Public Domain

On July 4, car giant Volvo announced its plan to suspend all production of non-electric or hybrid cars by the year 2019. This means that Volvo will not produce any new diesel or gasoline-powered cars in only two years. In reaction to this announcement, France’s new cabinet released an ambitious plan to ban all diesel and petroleum-fueled car sales by 2040. Though France is not the only country to take this approach to clean energy transition, regulating the sale of petroleum-fueled cars is still very rare. France’s ecology minister stated that the new standard was “a way to fight against air pollution.” Though this move is being applauded by many environmentalists, is the French government’s regulation of petroleum fueled cars really better for the environment? And how will this new regulation influence socioeconomic inequality?