In 2021, Governor JB Pritzker and the General Assembly passed the Reimagining Electric Vehicles in Illinois Act (REV Illinois Act) into law. This groundbreaking program is designed to bolster Illinois manufacturing – already a top destination for electric vehicle (EV) manufacturing in the United States – and to grow the ecosystem to create new capacity for EV vehicle and component parts production. This will also support our state's bold climate change agenda, including putting 1 million EVs on the road by 2030.
REV Illinois offers competitive incentives to expand in or relocate to Illinois for companies that manufacture EVs and EV parts (batteries, cathodes, anodes) as well as EV charging stations. The program defines EVs as vehicles exclusively powered by electricity and permitted to operate on public roadways – including cars and motorcycles.
Under the REV Illinois program, companies with plans to invest in a new or existing manufacturing facility for the production of EV, EV component parts, or EV power supply equipment have the opportunity to qualify for exemptions on income tax withholding, utilities tax, training, and equipment/capital costs. While preparing companies to meet competitive demands for electrification – REV Illinois will also prepare Illinois communities to capture growth of the industry, which is expected to create thousands of jobs in the years ahead.
REV Illinois is a key component of the Pritzker administration's work to expand growth in key industries outlined in the state's 5-year economic plan – which calls for investment in clean energy as well as advanced manufacturing. Pursuant to the REV Illinois Act, the Illinois Department of Commerce and Economic Opportunity (DCEO) will review proposals for and administer REV Illinois tax credit agreements. More information on the REV Illinois program and how to apply can be found below.
REV Illinois Program Requirements and Accompanying Benefits
The REV Illinois program is specifically designed to help create new jobs in the cutting-edge EV industry, to pave the way for investment in priority areas, and to incentivize employers to provide ongoing skills training in this field. Applicants must commit to a level of capital investment and job creation to be eligible for the REV Illinois program. Benefits are available for two different tiers of investment levels, Tier 1 and Tier 2.
REV Illinois Application
For more information contact CEO.REV@Illinois.gov at the Office of Business Development.