Volkswagen may earn revenue from the $2 billion the company is required to spend on zero-emission vehicle projects under terms of its settlement of environmental violations with U.S. regulators and the Justice Department, according to a senior U.S. official.
The automaker’s nearly $15 billion settlement to resolve violations stemming from improper diesel emissions requires it to spend $2 billion on zero-emission vehicle projects over the next decade, including $800 million in California and the remainder in the 49 other states.
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