McCain Proposes Prize to "Leapfrog" Battery Technology
"Campaigning Monday in Fresno, Calif., Senator John McCain said, if elected, he would offer $300 million to anyone who could build a more efficient car battery." Source of caption and photo: online version of the NYT article quoted and cited below.
(p. A15) FRESNO, Calif. -- In the 18th century the British offered a £20,000 prize to anyone who figured out how to calculate longitude. More recently, Netflix offered a million dollars for improving movie recommendations on its Web site. Now Senator John McCain is suggesting a new national prize: He said here Monday that if elected president he would offer $300 million to anyone who could build a better car battery.. . .
"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," he said.
For the full story, see:
MICHAEL COOPER. "McCain Proposes a $300 Million Prize for a Next-Generation Car Battery." The New York Times (Tues., June 24, 2008): A15 & A20.
(Note: ellipsis added.)
