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How the Volkswagen Settlement Could Impact Regions

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Published on Nov 29, 2016

Note: Presentation begins at 2:20

After it was determined that Volkswagen (VW) had intentionally violated emissions controls, VW has agreed to settle by spending up to $14.7 billion to remediate the excess NOx emissions. A majority of this money is going to vehicle buyback and modification programs ($10.03 billion) for affected consumers -- but $2.7 billion of this settlement money is going towards NOx reduction programs via the Environmental Mitigation Trust with an additional $2 billion going towards ZEV programs around the country.

Join Ben Prochazka from the Electrification Coalition for an overview that will provide general information about the current status of the consent decree, the anticipated timeline, and how this funding can be used to accelerate vehicle electrification.

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