In a speech today at Fresno State University in California, the Republican presidential candidate outlined his proposal for a $300 million prize for new technology that would be 30% cheaper than current batteries and have “the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars.” He did not offer any technical specifics! I guess if he could have, we would not need a “prize”. I like the concept, but we need to pump more then $300 million into the search for alternate energy. I would like to see $100 Billion a year for the next 10 years.
McCain called the taxpayer-funded prize — $1 for every man, woman and child — “a small price to pay for helping to break the back of our oil dependency.” If $1 is cheap, why not $333 a year? Maybe then we can make a real difference.
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