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Senator John McCain

McCain Offers $300 Million Reward for a Bigger, Better Battery

June 23, 2008 04:59 PM
by Isabel Cowles
Senator John McCain has proposed a $300 million government prize for a more efficient car battery.

30-Second Summary

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Arizona Senator John McCain suggested offering a $300 million prize for anyone who can invent a low-cost car battery more powerful than anything currently available.

The $300 million reward would represent $1 from every U.S. citizen: “a small price to pay for helping to break the back of our oil dependency,” McCain said.

In addition to the proposed reward, McCain would offer a $5,000 tax credit to consumers who buy zero-emission cars, and tax credits for those with low-emission vehicles.

Although commercially available plug-in hybrids are already on the market, Senator McCain hopes to appeal to environmentalists and Democratic voters by emphasizing his interest in alternative fuel.

According to the Guardian, McCain’s proposal “is an attempt to court green-minded voters who have typically cleaved to the Democratic party. It is also a further break on energy and environmental policy from the Bush administration, which is closely tied to the oil industry.”

Even without cash incentives, both national and international companies have made huge advancements in fuel-efficient cars. Honda’s new FCX Clarity and the Tesla sports car  are two examples of improved battery-powered vehicles.

Headline Link: ‘Sen. McCain Offers $300 Million Prize for New Auto Battery’

Opinion and Analysis: McCain appeals to environmentalists

Background Links: The growing popularity of green vehicles

Related Topic: The candidates’ plans for energy independence

Obama’s appetite for ethanol
McCain woos Texas oil men, too
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