With $283 million in awards for EVs and EV charging already solidified, there is at least $540 million remaining for dedicated transportation electrification projects. EVs are eligible for an additional $740 million, assuming that all $597 million in awards made so far have come out of the total pool of EV-eligible funds. California, the largest repository of VW Settlement funds, has yet to make any awards. The Golden State plans to commit at least $300 million from its settlement allocation to support transportation electrification, which could heavily swing the balance of VW Settlement funding in favor of EVs. While this is encouraging from the market perspective, significant opportunities exist for transit agencies, school districts, utilities, and others in all states to leverage this one-time opportunity to kickstart growth and establish institutional capacity for EV market development.
EV charging is one sector that is guaranteed to see a boost with so much dedicated funding left to be awarded. Only 20 percent of awards have been made so far to deploy EV charging out of the total $316 million committed in state plans. In addition to this, Electrify America, a subsidiary of Volkswagen of America, continues to roll out their charging stations throughout the country. Now the largest DC fast charging network in the United States, the company installed 318 charging stations in 2019. Surveys and studies have consistently shown that the lack of adequate public EV infrastructure at appropriate power levels is one of the biggest barriers to greater EV adoption which may delay the acceleration of the overall market. Accordingly, expanding public fast charging networks is an important market gap that needs to be addressed urgently by utilities, Electrify America, and other third-party DC fast charging providers in both metropolitan areas and along highway corridors.
In addition to charging access, high upfront cost compared to conventional vehicles is another primary barrier to EV adoption. While sales for passenger vehicles like the Tesla Model 3 and Chevy Bolt are selling relatively well despite losing the federal tax credit, the electric trucks and buses can cost up to four times as much as their conventional counterparts upfront before accounting for charging infrastructure costs, leaving both public and private fleet operators to rely on government support to encourage the conversion of fleets to EVs. This is where states can lean on other players for support. Utilities in nine states have already been approved to invest more than $737 million in programs targeting bus and truck electrification. These companies are also eligible grantees of the settlement and can work together with legislators in their service territories to implement programs. Dominion is working with the state of Virginia, which leads the nation in VW settlement awards for electric school buses, to roll out their electric school bus program. Although legislation that would have given the utility approval to move forward with commitments to deploy 1,000 buses by 2025 failed to pass the house this session, the first 50 buses are on track to be deployed in 2020.
This approach has also been taken in other states with utilities partnering with state agencies in their service territories to advance shared transportation electrification goals. In Michigan, DTE has been approved to invest $3.5 million in a program supporting school bus electrification and is one of several utilities in the state working with the Environment, Great Lakes, and Energy Department to provide charging infrastructure and support for seven school districts receiving electric school bus grants through the VW Settlement. Duke Energy is taking a similar approach with programs pending in both North and South Carolina and Indiana. The utility is proposing to invest $76 million in North Carolina that would support both school and transit buses as well as expand charging infrastructure and is a key stakeholder in the Plug-in NC initiative supported by the settlement.
Expanding partnerships between utilities and public agencies is just one example of a growing urgency around the electrification of trucks and buses throughout the nation. The impacts of COVID-19 have brought increased attention to the legacy of injustice experienced by communities of color who suffer disproportionately from both the virus and emissions associated with medium- and heavy-duty vehicles. Black and Brown people have been forced into neighborhoods with the dirtiest air through decades of discriminatory housing policies and systemic inequality that places them at a specific disadvantage in terms of both access to transportation and public health. These combined impacts make electrification of both port and freight vehicles as well as cleaner school and transit buses priority actions to address the disproportionate burden of pollution in these communities. With millions of award funds remaining to be allocated, states have an opportunity to maximize the one-time resources provided by the VW settlement to electrify these key segments of the transportation sector.