The electric and magnetic fields, E and B are always perpendicular to each other and also to the direction of propagation of the EM wave. EM waves are transverse waves
The cross product ExB gives the direction in which the EM wave travels. ExB also gives the energy carried by EM wave
The E and B fields vary sinusoidally and are in phase
EM waves are produced by accelerated electric charges
EM waves can travel through free space as well as through solids, liquids and gases
In free space, EM waves travel with velocity c, equal to that of light in free space