By Steven Totten | Phoenix Business Journal
Because of German automaker Volkswagen’s emissions test results scandal, which began in 2015, the company is dropping $2 billion during the next 10 years to strengthen zero-emissions vehicle infrastructure across the country, which includes several projects in the Phoenix metro.
The investment is part of a court settlement, in which VW (OTC: VLKAF) was penalized for selling vehicles rigged with software to cheat on U.S. emissions tests.
VW formed a subsidiary, Electrify America, to oversee the investment, which will span 11 metropolitan areas in the country. California alone will see $800 million of that investment, where metros such as the Bay Area will get 350 charging stations.
