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McCain proposes $300M prize for advanced auto battery

PHOENIX — John McCain hopes to solve the country's energy crisis with cold hard cash, according to the Associated Press.

The Republican presidential nominee-in-waiting is proposing a $300 million government prize to whomever can develop an automobile battery that far surpasses existing technology.

The bounty would equate to $1 for every man, woman and child in the country, "a small price to pay for helping to break the back of our oil dependency," McCain said in remarks prepared for delivery Monday at Fresno State University in California.

Posted by Peter C. T. Elsworth  at 11:32 AM to Alternative fuels | Permalink

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