Electrify America, the Virginia-based Volkswagen subsidiary, will invest $2 billion over the next 10 years in Zero Emission Vehicle (ZEV) infrastructure and education programs in the United States.
Over four 30-month cycles, Electrify America will invest $1.2 billion nationwide and $800 million in California, one of the largest ZEV markets in the world. This investment represents the largest of its kind.
Electrify America began implementing its Cycle 1 National Investment Plan in April 2017, while it initiated investment in California soon after the Cycle 1 California ZEV Investment Plan was approved in July 2017.
The Cycle 1 California ZEV Investment Plan presents Electrify America’s intention to invest $200 million in California to support increased use of ZEV technology. Major investment will be made building ZEV charging infrastructure in metro areas and along highways, creating brand-neutral ZEV education and outreach programs, and launching a “Green City” initiative in Sacramento-focused on increasing access to ZEV technology.
The firm is currently implementing the first of four investment cycles across the United States, consistent with its Cycle 1 National ZEV Investment Plan, where it will establish a network of non-proprietary electric vehicle chargers at more than 450 station sites. $300 million of that investment will be spread across the country, excluding California, which is covered in the CA ZEV investment plan.
