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Electrify America Lays Out California s $200 Million Cycle 3 Plan
May 06, 2021 at 5:05pm ET ++ The company plans to invest $25 million in the Long Beach-Wilmington area “Green City” initiative.
Electrify America has released its plans for Cycle 3 of its zero-emission vehicle (ZEV) infrastructure and education program in California, mandated by the Volkswagen dieselgate settlement. The settlement, reached in October of 2016 required the Volkswagen Group to invest $2 billion in ZEV charging infrastructure and in the promotion of ZEVs. Volkswagen then formed Electrify America to be the entity that would administer the entire program.
The $2 billion was to be invested over a ten-year period, broken up into four 30-month cycles. Cycle 1 ran from January 2017 to June 2019. We re currently in Cycle 2 which runs from July 2019 to December 2021. Cycle 3 will start in January of 2022 and last until June of 2024 and Cycle 4 begins in July