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by toomuchtodo
1093 days ago
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VW was required to fund Electrify America ($2B) as part of their Diselgate settlement with the US goverment, and they were prohibited from branding them as VW as part of the deal (hence the EA brand). EA has tried to get additional funding with not so great results. Might be able to salvage the network if they add or swap out for NACS plugs (opening up to the mass market EVs), but if they can't make the unit economics work and increase utilization, those EA stations are going to end up abandoned with the enterprise shuttering. https://www.cnbc.com/2019/05/10/vws-2-billion-penalty-for-di... https://www.crunchbase.com/organization/electrify-america |
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