Automotive - - Feb 08,2017
On Tuesday, Volkswagen Group announced a fresh United States subsidiary that will manage $2 billion in investment in ZEV (zero emission vehicle) infrastructure and awareness programs.
On Tuesday, Volkswagen quoted that the new company which will be recognized as Electrify America will be a standalone organization that will handle funding of the effort to endorse zero-emission vehicles.
The world's largest automobile manufacturer by sales, VW AG, stated that the electric vehicle infrastructure unit plans to install more than 500 electric charging stations countrywide, including installation of more than 300 charging stations in 15 US metropolitan areas, and to improve a high-speed, cross-country network consisting of more than 200 charging stations for electric vehicles.
Volkswagen Group mentioned that it has not decided on a business model for its electric charging stations.
VW AG Group will also launch a "Green City" initiative in a yet-to-be-identified California city to pilot future models, including potentially a Zero Emission Vehicle-based shuttle facility, an Eclectic Vehicle-based car-sharing program or a ZEV transport program.
VW AG agreed to invest the money in infrastructure and other ventures to endorse the implementation of zero-emission vehicles as part of a legal settlement with the United States Environmental Protection Agency (EPA) restricting from the corporation’s cheating on emissions tests for VW AG’s diesel vehicles.
According to a statement by the company, the chief operating Officer of Volkswagen Group of America, Mr. Mark McNabb, will serve as the chief executive officer of the newly launched EV infrastructure Unit.
VW spokeswoman Jeannine Ginivan said that as part of this new move, Mr. McNabb will formally give up his role as COO of the Volkswagen brand in the United States, though McNabb will continue to manage company’s diesel settlement affairs here.
Mark McNabb will report to VW’s management board member Francisco Javier Garcia Sanz.
Mr. Sanz said in a statement that Mr. McNabb has done a remarkable job over the past 18 months to help make things precise for VW’s dealers and customers.