Nevada Governor Brian Sandoval signed a package of bills this week, paving the way for the construction of electric vehicle maker Tesla's 'gigafactory' in the state. The bills signed by Sandoval at a signing ceremony on Thursday will provide over $1 billion in tax breaks and other perks to Tesla for building the 'gigafactory' in northern Nevada to manufacture EV batteries.

According to a Reuters report, Sandoval said during the signing ceremony that Nevada's deal with Tesla to give the go-ahead to the $5-billion 'gigafactory' project had "changed the trajectory of our state forever."

Acknowledging the potential benefits of Nevada's Tesla deal even further, Nevada Assemblyman Ira Hanson (R-Sparks) said that the state's agreement with Tesla for the 'gigafactory' is perhaps "the biggest thing" to happen in Nevada since at least the Hoover Dam.

Going by the Reuters report, the proposed Tesla EV battery plant in Nevada will be constructed in an "industrial park 20 miles east of Reno along Interstate 80."

The report has also revealed that the construction of the 10-million-square-foot EV battery 'gigafactory' is scheduled to get underway later this year; and the plant will probably become operational by 2017, when Tesla plans to launch its Model 3 electric vehicle.