VW Settlement Presents Untapped Opportunities
More than a year has passed since Volkswagen (VW) announced its $2.9 billion contribution to an Environmental Mitigation Trust, resulting from its 2016 emissions cheating scandal settlement. Since it was first announced, the contribution has had one sole purpose – to fund transportation projects that significantly decrease nitrogen oxide (NOx) emissions. Each state received millions of dollars, which could be used to finance a variety of fleets, from diesel, to electric, to propane. In fact, propane vehicles have competed from the start for up to $1.3 billion of the Environmental Mitigation Trust investment, according to Gladstein, Neandross & Associates’ Funding 360 team.