Volkswagen is making the first “payment” on its $15 billion settlement with the United States as it unveiled its spending $300 million on new chargers for electric vehicles through its Electrify America subsidiary.
The company is planning to build “hundreds” of charging stations with non-proprietary chargers in 11 different markets: Boston, Chicago, Denver, Houston, Miami, New York City, Philadelphia, Portland, Raleigh, Seattle and Washington, D.C. Many of those stations will be along well-traveled highway corridors.
The program is expected to grow to more than 300 stations in 15 markets. The idea behind the project is to further stimulate interest in electric vehicles by cutting down on the largest problem facing EV sellers: range anxiety. (more…)