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State’s Canoo deal may tip before hitting water…

2:15 PM EDT on May 11, 2022

The state's electric car dreams may be up a stream without a paddle.

About a year ago, Stitt and Co. excitedly announced they reached a corporate welfare deal with fledgling electric automaker Canoo, promising the company up to $300,000,000 in taxpayer subsidies to build – oxymoron alert – a "mega microfactory" on a 400-acre site at the MidAmerica Industrial Park near Tulsa.

Stitt and Co. said the deal could bring up to 2,000 jobs to the Sooner State, and in a celebratory press conference, claimed it showed Oklahoma "is an innovation leader in electric vehicle technology." Here's the hype video they made about the news: