The Volkswagen (VW) settlement includes both direct allocations to states via a Mitigation Fund and a Zero Emission Vehicle/Technology investment fund, managed directly by Electrify America, a VW subsidiary. The VW settlement agreement can be accessed by clicking here.
Governor Henry McMaster announced the South Carolina Department of Insurance as the lead agency in administering South Carolina’s portion of the settlement. See the announcement here.
The final paperwork for the Volkswagen Settlement's Environmental Mitigation Trust was filed, and the Trust Effective Date was October 2, 2017. States had 60 days to submit their Certification for Beneficiary Status, which will allow them to become Beneficiaries of the Trust.
Palmetto Clean Fuels submitted a Mitigation Trust Proposal to the South Carolina Department of Insurance for consideration.
On Tuesday, April 10, 2018, the South Carolina Department of Insurance announced the release of the first draft of the State's Beneficiary Mitigation Plan (BMP) under the Volkswagen Environmental Mitigation Trust. The Draft Mitigation Plan details the state's overall goal for the use of the funds and the categories of eligible mitigation actions the state anticipates to be appropriate to achieve these goals, among other things.
The SC Department of Insurance held a public comment and input meeting on the draft South Carolina Draft Beneficiary Mitigation Plan on Tuesday, May 1, 2018. Comments were accepted during this meeting and in writing until 5:00 p.m. Eastern Daylight Time on Friday, May 25, 2018.
For More Information:
Sign Up for Email Updates: doi.sc.gov/notifyme (select “VW Settlement” distribution list under “News Flash”)
The Zero Emission Vehicles (ZEVs) and ZEV Technology Investment
Volkswagen Group of America – Electrify America (ZEV) settlement can be accessed here:
Palmetto Clean Fuels submitted a Zero Emission Vehicle (ZEV) Cycle 1 and ZEV Cycle 2 Proposal to Electrify America, LLC for consideration.
Electrify America, has released the public version of their National Zero Emission Vehicle (ZEV) Investment Plan: Cycle 1, which outlines the company's spending priorities for the first 30-month investment cycle. Electrify America will invest $1.2 billion over the next ten years in ZEV infrastructure, education, and access outside California to support the increased adoption of ZEV technology in the United States. The National ZEV Investment Plan, which was approved by the U.S. Environmental Protection Agency in early April, describes the $300 million in investments that will be made over the first 30-month cycle. The National ZEV Investment Plan: Cycle 1 can be downloaded here.