A state board on Thursday approved $10 million in tax credits for NextEV USA, the latest electric vehicle company to establish its U.S. headquarters in California. The company with Chinese financing based in San Jose, California, is the third in the hyper-competitive electric car market to receive a multimillion-dollar tax credit from California Competes, a […]
Board OKs Tax Credit for 3rd California Electric Car Company
A state board on Thursday approved $10 million in tax credits for NextEV USA, the latest electric vehicle company to establish its U.S. headquarters in California. The company with Chinese financing based in San Jose, California, is the third in the hyper-competitive electric car market to receive a multimillion-dollar tax credit from California Competes, a […]
High-Speed Rail Board Approves Revised California Plan
The board that oversees California’s high-speed rail project approved a revised $64 billion plan Thursday that calls for the train to go from the Central Valley to the San Jose area before it heads to Southern California, acknowledging the political reality that federal and private financing has fallen far short of what backers had hoped. […]
High-Speed Rail Board to Weigh in on Revised California Plan
The board that oversees California’s high-speed rail project is expected to approve a revised plan calling for a $64 billion approach that sends the train from the Central Valley to the San Jose area before it heads to Southern California. The board will meet Thursday in Sacramento, a week after postponing a planned vote to […]
California Lawmakers to Scrutinize New Bullet-Train Plans
State lawmakers will have their first opportunity to quiz the officials responsible for California’s $64 billion high-speed rail plans at a committee hearing Monday to review a new business plan that calls for overhauling its proposed route and postponing the first service by three years. Those overseeing the project are expected to face tough questions […]
Plagued by Delays, California High-Speed Rail Back in Court
California voters embraced the idea of building the nation’s first real high-speed rail system, which promised to whisk travelers from San Francisco to Los Angeles in under three hours, a trip that can take six hours or more by car. Eight years after they approved funding for it, construction is years behind schedule and legal, […]
Bullet Train Chairman Projects Lower Cost, Longer Timeline
The chairman of the board that oversees California’s high-speed rail project said Wednesday that the next projection will likely lower the cost of building the train route from the current $68 billion, but he is less confident about its current predictions for how quickly the system can be built. Board Chairman Dan Richard and other […]
Popular Elsewhere, High-Speed Rail Remains Elusive in the U.S.
Travelers easily whiz from city to city on high-speed trains in many parts of South America, Asia and Europe. Since the first high-speed lines began operating more than 50 years ago in Japan, they have become an essential part of transportation worldwide. Yet the U.S. has never built a single mile of high-speed rail, which […]
Tax Incentives to Benefit Tesla, Lockheed Martin
Gov. Jerry Brown announced Thursday that he signed legislation creating a $420 million tax credit for aerospace contractor Lockheed Martin in a bill that also includes other tax incentives apparently designed to benefit California-based electric car maker Tesla Motors Inc. California is one of five states competing for a $5 billion Tesla battery manufacturing plant, […]
Board Approves CA High-Speed Rail Construction
The board that oversees California’s High-Speed Rail Authority on Thursday unanimously approved a nearly $1 billion contract to start construction on the first leg of the $68 billion bullet train in the Central Valley, clearing the way for work to start as soon as this summer on what officials have said will be a tight […]