EPA Announces VW Diesel Trust Funds of $3 Billion

October 23, 2017
The EPA has set up two trusts, into which Volkswagen will deposit the almost $3 billion settlement

The US Environmental Protection Agency has set up two trusts, into which Volkswagen will deposit the almost $3 billion settlement resulting from its sale of 590,000 vehicles with emissions defeat devices. The Environmental Mitigation Trust for State Beneficiaries and the Environmental Mitigation Trust for Indian Tribe Trust Agreement will be drawn upon for projects focused on mitigating NOx emissions.

States have until December 1, 2017, to file to become beneficiaries, then have 10 years to request and spend their allocation of funds. No more than one-third of any state's allocation can be paid out during the first year.

Projects that meet the requirements to be considered include efforts to reduce long duration idling, engine upgrades and remanufacturing, electrified parking spaces, all-electric vehicles, exhaust control retrofit, and clean alternative fuel conversion.

Not included are CNG, LNG or propane fueling.

California and Texas stand to gain the most money from the trust.

Additional information can be found on the VW Settlement Clearinghouse website that includes an interactive county by county overview of emissions and funding allocations.

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