- Published: 16 November 2021
SPRINGFIELD – Backing his promise to expand electric vehicle production in both the Rockford area and state as a whole, State Senator Steve Stadelman (D-Rockford) championed the Reimagining Electric Vehicles in Illinois Act, which was signed into law Tuesday.
“This growing field indicates room for job growth in the electric vehicle market,” Stadelman said. “Illinois is working to encourage electric vehicle manufacturers and their suppliers to keep and bring their production facilities here. That will lead to good paying jobs in Northern Illinois and across the state.”
The new law creates financial incentives through tax credits for manufacturers of electric vehicles, parts, and power supplies. Businesses that are located in underserved areas or energy transition areas – a region with less than 100,000 residents with retired fossil fuel plants or closed coal mines – will be eligible for increased benefits.
To assist automakers to prepare their workforce for the shift to electric vehicle production, the law also provides tax credit incentives to help with training costs.