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STORY: Europe must cancel its plan to ban new fossil fuel-emitting cars from 2035.That was the message from BMW CEO Oliver Zipse on Tuesday (October 15).He believes such a move would help reduce reliance on China's battery supply chain.Zipse has long pushed for regulators to permit various technologies, including hydrogen fuel cell cars.However, he said Tuesday the mood in Europe was "trending towards one of pessimism".He also argued the region needed a new regulatory framework to stay competitive.Last year, EU countries approved a landmark law that would require all new cars to have zero CO2 emissions from 2035.The move effectively banned diesel and petrol vehicles.But carmakers including BMW, Volkswagen and Renault have called for the CO2 targets to be loosened or delayed.They fear the impact of heavy fines because of lower-than-expected EV sales.But Zipse's home country of Germany has rejected an early review of the targets.Authorities cite the need for clarity for industry and the urgency of tackling climate change.