VOLKSWAGEN TARGETING SAN FRANCISCO BAY AREA FOR CHARGING STATIONS
The Volkswagen German automaker released plans to disburse $2 billion for EV (Electric Vehicle) infrastructure as part of the court settlement. The CARB (California Air Resources Board) and EPA (Environmental Protection Agency) settled a court case with Volkswagen, and the company was penalized for cheating U.S. emission testing for vehicles. The Volkswagen company is required to spend $800 million of the settlement in California alone. The Volkswagen company formed a subsidiary to handle the investment as well as constructing, and providing maintenance of electric charging stations.