- Published: Thursday, October 28, 2021 08:59 PM
SPRINGFIELD – Today, State Senator Steve Stadelman (D-Rockford) led his colleagues in passing the Reimagining Electric Vehicles in Illinois Act, a historic measure to preserve and create jobs in Illinois and incentivize electric vehicle manufacturers to create more jobs in the state.
“This is a massive field that has so much room to grow, and we want to encourage these companies to set up shop in Illinois,” Stadelman said. “Many regions will see this as an economic opportunity that could bring jobs to residents and make a lasting impact on their community.”
The new measure would provide a tax credit for manufacturers of electronic vehicles, parts, and power supplies. Businesses in underserved areas would be eligible for a larger benefit.