Lion Electric to get nearly $50 million in EV incentives from State of Illinois — much more than expected – Crain’s*

Lion Electric is getting nearly $50 million in state incentives for its electric-bus factory outside Joliet, significantly more than originally expected. Lion began manufacturing buses in late 2022 and completed a 900,000-square-foot factory in Channahon last year. To receive the payroll tax credits, Lion will have to create 608 full-time jobs by the end of next year and 1,228 jobs by the end of 2028, according to recently filed state documents. The company declined to say how many workers it has in Channahon now.
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sue
2 years ago

IN MY WILDEST DREAMS I COULD NOT WASTE MONEY THIS FAST……..THESE PEOPLE ARE IDIOTS!!!!!

Daskoterzar
2 years ago

Currently EV makes no sense for this in the Midwest. But, I am sure those connected and are pushing this stupidity are invested in the companies building this junk. Pelosi proved that when they mentioned on Fox that her husband beat the S&P by 80%. Gosh – how does that happen? Buiding these F-ing busses should be the last thing done. They first need to build the power source and grid to be able to power and charge this junk. I wonder if any of the $50M goes toward Tax payer infrastructure…hmmm, likely not.

Hello, Indiana!
2 years ago

Let’s see.. 50M to hire at most 1230 employees and three years to do so while cranking out vehicles already proven to be pretty useless in real winter weather. The Dems better hope for “ global warming “ or their brainstorm of everything EV will only be so much taxpayer funded scrap from December through March.

Freddy
2 years ago

How much money indirectly via a trust or even someone politically connected are invested in these ventures? Lots of money will be made by only a few. Taxpayers seem to have unlimited funds for the state to invest.

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