One group closely researching the subsidies is GJF, Good Jobs First, a worker-oriented policy group in Washington, D.C. Under that law, owners of new EV battery plants get tax credits based on the production capacity of the plant, and those credits have been massive, often in the billions of dollars per plant. It has been heavily criticized as climate extremism. President Biden recently admitted that the act was not about inflation reduction. However, those subsidies are dwarfed by huge federal tax credits now being lavished on new battery producers under the Inflation Reduction Act of 2022, which devoted $783 billion to global warming and green energy spending. might be around US$50,000 per job,” although it’s not unusual for highly capital-intensive projects to receive incentives of over US$100,000 per job.” That’s according to senior economist at the WE Upjohn Institute for Employment Research, quoted in the Financial Times. The state incentive package alone, exceeding $206,000 per worker, is exceptionally high in comparison to typical plant-siting location incentives around the nation other than battery factories. In addition, Kankakee County agreed to cap property taxes paid on the approximately 150-acre property at $2 million per year for the next 30 years. Gotion’s total incentive package from the State of Illinois is valued at $536 million, according to Pritzker’s announcement. The plant is expected to cost $2 billion and employ 2,600 workers.

Governor JB Pritzker announced the state’s deal with Gotion on Friday for construction of the project in Manteno, southwest of Chicago. It will be owned, instead, by Gotion, and Gotion is widely reported to have close connections to the Chinese Communist Party (CCP). In other words, taxpayers will be paying many times over the cost of a new factory they will not own. Through federal tax credits alone, which so far are going mostly unreported, Gotion will be paid billions more than its construction costs. for an electric vehicle (EV) battery factory in Illinois. State of Illinois tax incentives exceeding half a billion dollars are a comparatively small part of taxpayer money that will go to Gotion, Inc. UPDATE: See Wirepoints’ most recent story on this matter here.

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