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Reimagining Energy and Vehicles (REV) Illinois Program
The Reimagining Energy and Vehicles in Illinois Act (REV Illinois Act) is a highly competitive incentives program to bolster Illinois manufacturing in the clean jobs economy, created to attract companies all along the supply chain in the electric vehicle and renewables sectors. In addition to utilizing Illinois’ skilled workforce to make the jobs of the future a reality in Illinois today, the program supports our state's bold climate change agenda to achieve 100% clean energy by 2050, including putting one million EVs on the road by 2030.
REV Illinois offers competitive incentives to expand in or relocate to Illinois for companies that manufacture, in whole or in part, electric vehicles or aircraft, associated battery, charging infrastructure and recycling products, as well as renewables including solar, hydrogen, wind, energy storage, and green steel manufacturing. Companies engaged in the research and development of these products may also be eligible for participation within the program.
Depending on project size, benefits of the program can last from 20 to 30 years, and include provisions to retain income tax withholding, exemptions on utilities taxes, tax credits, training credits, grants, and equipment/capital cost exemptions. Local jurisdictions can also provide property tax abatement for the life of the agreement.
REV Illinois is a key component of the Pritzker Administration's work to increase investment in clean energy as well as advanced manufacturing. 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 and renewables industries, 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 minimum capital investment and job creation amounts to be eligible for the REV Illinois program. REV benefits are available for projects starting at $2.5 million capital investment. Smaller projects are considered Tier 1 and larger projects are Tier 2.
For more information contact CEO.REV@Illinois.gov.