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Bloomberg
Electrify America, created by Volkswagen AG as part of a settlement from the automaker’s emissions-cheating scandal, filed plans with California regulators to invest a second $200 million in electric car charging infrastructure.
The investments will include deploying fast-charging stations in cities including Santa Cruz, Los Angeles and San Francisco, according to a statement Wednesday. Part of the money will also be spent on charging stations for electric buses, shuttles and ride-sharing services, the Volkswagen unit said.
Electrify America plans to invest $800 million in four phases in California for electric vehicle infrastructure as part of a $2 billion court-approved settlement. Its investment decisions are subject to review by the the California Air Resources Board and the Environmental Protection Agency.