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.
4 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
sue
2 months ago

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

Daskoterzar
2 months 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 months 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 months 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.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check all you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Don’t forget the same lawmakers who are ‘defending’ Chicago’s selective enrollment schools also ended school choice – Wirepoints on AM 560 Chicago’s Morning Answer

Ted joined Dan and Amy to talk about Chicago’s latest bond offering, why Chicago’s dismal home value growth is due to poor policies, the next $70 million to be spent on migrants, the 9% salary hikes demanded by the CTU, and why Illinois lawmakers voting to stop Chicago’s selective enrollment schools from being closed is hypocritical.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE