Robyn Denholm, chair of Tesla’s board, says the Albanese government can create a local battery-making industry with modest tax breaks for investors.
Car giant Tesla says the Albanese government’s dream of local battery making is in peril unless it offers tax incentives to local manufacturers to combat the hundreds of billions of dollars the United States is spending to lure facilities to its shores.
Demand is also soaring for raw materials used in the grid-scale batteries, wind turbines, solar panels and power lines that are needed to replace fossil fuel-based generators and reach net-zero emissions. She said Australia could be more than a “dig and ship” or even a “mine and refine” nation with less generous incentives than those offered by Biden – but that the federal government needed to act now.
“It’s now time we scale our ambitions and go from proposals to production. The longer we wait, the greater risk we have of this opportunity passing us by as other countries – without any or as much of the underlying minerals – leapfrog us into capturing the most valuable parts of the battery supply chain.
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