Lawmakers trying to lure Tesla to build electric-car battery plant in the state

Lawmakers trying to lure Tesla to build electric-car battery plant in the state

California lawmakers are making a major effort to lure Tesla Motors to setup its electric-car battery factory in the state. The effort is being made by Senate President Pro Tem Darrell Steinberg (D-Sacramento) and Ted Gaines (R-Rocklin), who are sponsoring "urgency" legislation.

The proposed legislation (SB 1309 Bill) expresses an intention to give financial and regulatory incentives to improve the chances of construction of the battery plant in the Golden State.

The bill so far provides no details of what type of incentives it could provide, but experts believe that it could offer incentives like tax credits, and grants for workforce training.

Speaking about the measure, Gaines said, "Everything is on the table. We need to show Tesla that we will cut through the knot of red tape that frustrates companies in this state and prove that California is open for business."

Tesla CEO Elon Musk last month announced plans to start constructing a possible second battery plant in the next one to two month. Tesla builds its luxury all-electric cars in Fremont, east of San Francisco.

Gaines said Governor Jerry Brown wanted to send a strong message to Tesla that the Golden State wanted their business.

Tesla shares gained 1.4 per cent to $207 in New York.

Popular Stories

Overall childhood ‘asthma epidemic’ levels off in U.S.

The overall ‘asthma epidemic’ among children has... Read More

‘UC Quits’ Working to Help California Smokers Get Rid Of Smoking

As New Year is approaching, people have already... Read More

Scientists begin Stem Cell research to find cure for Alzheimer’s

Alzheimer’s disease, the commonest cause of... Read More

New House Bill to Restrict First-Time Opioid Prescriptions

Cases of opioid abuse have been increasing and... Read More

Comcast installs DOCSIS 3.1 modem on customer-facing network in Philadelphia

In an announcement made on December 22, cable giant... Read More