McCain to Pitch Car Battery Prize as Obama Aims at Oil Speculators
June 24, 2008
Sen. John McCain is expected to propose his own sort of X Prize later Monday, namely a $300 million reward for the invention of a car battery that far outpaces those commercially available in cost, size, and power.
That equates to every American chipping in a buck — “a small price to pay for helping to break the back of our oil dependency,” McCain said in remarks he will deliver at Fresno State University in California.
The battery 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.”
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