According to the BBC, four of the world's largest manufacturers have yet to sign the COP26 agreement requiring automakers to sell electric or hydrogen-powered vehicles by 2035.
This agreement declared and set the target for all automobiles worldwide to be carbon-neutral by 2040.
According to the BBC, banks and investors have embraced the decision and would invest appropriately. Aviva, NatWest, and fleet owners such as Tesco and Sainsbury's have also agreed to participate.
Despite the fact that Ford, General Motors, Jaguar, and Land Rover all signed the statement, Volkswagen, Toyota, Renault-Nissan, and Hyundai-Kia did not.
Aside from these manufacturers, China, the world's largest automotive market, did not sign.
The United States, the world's second largest industry, was also absent from the accord by Tuesday evening, despite individual states such as California, New York, and Washington, as well as cities such as Dallas, Charleston, Atlanta, and Seattle, supporting it.
These major US cities are said to have joined up in order to lower pollution levels since they frequently have traffic jams, which, in the long term, affect air quality.
Along with these US cities, the agreement was signed by governments from Canada, Denmark, India, Ireland, Mexico, the Netherlands, New Zealand, Sweden, and the United Kingdom. The United Kingdom already has an ambitious law in place that states the country would ban the sale of new petrol and diesel automobiles by 2030.
It has been highlighted that Germany, Europe's largest car producer and owner of the EU's largest car market, did not sign up.
This is presumably to defend Germany's auto manufacturing business, since signing this agreement may push some manufacturers out of the country, damaging German exports.
The agreement's emphasis on transportation is sensible and noteworthy, given transportation emissions account for 70% of overall CO2 emissions in the EU.
This means that reducing these emissions will improve air quality in nations such as the United Kingdom, where 36,000 people die each year as a result of poor air quality.
Written by Naomi Adeoti