McCain jumped on the prizes for innovation bandwagon (which I am a huge fan of) and promised a $300 million prize for battery development. Now, take anything on the campaign trail with a grain of salt, and if Obama keeps getting gilded by the press, not sure how much chance McCain has... but here you go:
“I further propose we inspire the ingenuity and resolve of the American people,” Mr. McCain said, “by offering a $300 million prize for the development of a battery package that has the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars.”
He said the winner should deliver power at 30 percent of current costs. “That’s one dollar, one dollar, for every man, woman and child in the U.S. — a small price to pay for helping to break the back of our oil dependency.”
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