Resource Description

The $14.9 billion settlement between Volkswagen, the federal government, and the State of California was approved in October 2016 and represents the largest environmental settlement in U.S. history. The settlement provides a rare opportunity to turn a scandal into a positive outcome—the acceleration of efforts to electrify the transportation sector. The electric vehicle (EV) infrastructure gap needs to be closed for this market transformation to occur. Although there has been recent progress in building out some EV infrastructure, the market still faces significant uncertainty due to business model challenges, a lack of near-term demand, and the quick pace of technology change. Electric utilities and public utility commissioners can play a critical role in addressing this infrastructure gap.