300 Million
John McCain put a 300 million dollar bounty on the head of automotive battery technology. According to the AP, “McCain said such a device should deliver power at 30 percent of current costs and have ‘the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars.’” (Link here.) As shown in “Who Killed The Electric Car?”, the government swung from electric to hydrogen fuel cell and now it appears back to electric vehicles. I feel that McCain’s prize is an excellent idea, but in a free-market, capitalist economy, wouldn’t someone develop the best battery possible? And why 300 million? I guess one dollar per American sounds like a nice round number. If it comes to fruition, then great, but if technology has shown us anything, that if there is a need it will be filled. Why waste government money doing this? Oh, yeah, to cover up the fact that he now supports off-shore oil drilling.
