- Published: Monday, November 1, 2021, 4:58 PM
SPRINGFIELD – State Senator Michael E. Hastings (D-Frankfort) joined 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.
Hastings helped champion House Bill 1769, which would provide a tax credit for manufacturers of electronic vehicles, parts, and power supplies. This new measure builds on Hastings’ work to make Illinois a leader in fighting climate change.
“This new measure sets up Illinois to tap into a new manufacturing industry,” Hastings said. “We are providing incentives to electric vehicle companies to set up shop in Illinois. These new good paying jobs will help grow our state’s economy and help us reduce global carbon emissions.”
Businesses in underserved areas would be eligible for a larger benefit. Underserved areas include communities with less than 100,000 population, retired fossil fuel plants, or closed mines.
The amount of training cost tax credits can increase if new employees are recent college grads, certificate holders or credential recipients from a college in Illinois.