Avoid the Electric Vehicle Industry’s Biggest Mistake in 2024!
The Lion Electric plant in Joliet, Illinois, once celebrated for its promise of 10,000 electric buses per year, has halted production. Financial struggles led to 400 layoffs, adding to prior cuts. This closure highlights the challenges of the EV industry, with mounting debt and reliance on subsidies threatening growth. While local officials remain optimistic, the future of this facility is uncertain, reflecting broader questions about the sustainability of green tech investments. Stay tuned for updates on Lion Electric’s next moves.
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