Stories by Dakota Semler

Expert Voices

With Volkswagen payout, states have $2.7 billion to boost EV adoption

The new Tesla Motors showroom and service center in the Red Hook neighborhood of Brooklyn, New York.
The Tesla Motors showroom and service center in Brooklyn, New York. Photo: Richard Levine/Corbis via Getty Images

In the wake of its 2015 emissions scandal, Volkswagen reached a settlement with the EPA to pay $2.7 billion across all 50 states to make up for unaccounted emissions from non-compliant vehicles. States have been instructed to use these funds to subsidize the purchase of zero-emissions vehicles, as California and New York are already doing.

Why it matters: The trucks, buses, planes and trains that drive the U.S. economy and get us from point A to point B are taking a hazardous toll on the environment, producing 28% of the country's greenhouse gas emissions. But with the Volkswagen payout, states will have new means to clean up their transportation sectors, laying the foundation for nationwide electrification.