(CNN) - Sen. John McCain is expected Monday to call for a $300 million prize for innovation that would help the U.S. decrease its reliance on oil, a day after his rival for the presidency called for greater oversight for energy traders.
Oil and energy are expected to be on the agenda as McCain campaigns in California and Sen. Barack Obama speaks in New Mexico on Monday.
WATCH John McCain's $300 million incentive
McCain, during a town hall-style meeting at Fresno State University, is expected to propose a $300 million prize for whoever can develop an automobile battery that "has the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars."
Sen. McCain please, don't make me laugh. What on earth are you doing? it's like auctioneering 300mi for an invention gimmick to get votes. What an insult on the American people. Sen. McCain actually who will be paying for this 300 million give-away?
Where would the money come from. This is coming from a man who says he wants to reduce government spending. Then where would the $300 million come from. Sounds like a ploy to get our minds of these ever changing gas prices.
The 'maverick' is turning out to be a one-trick-PONY...
make it LOOK like you are doing something, WHILE DOING ABSOLUTELY NOTHING!!!!!
Yeah let's give 300 million dollars to rich companies who were not at all proactive in the quest for fuel efficiency. Oh wait no that's a horrible idea.
I wish Hillary people would stop posting that they are voting for McCain. Just do it. You only have one vote, cast it wherever you want to. You are not voting on the issues anyway, you couldn't be.
If this is not a joke, I hope it is limited to people in the U.S. Enough U.S. money is already going out of the country – one way or another.
As someone with absolutely no doubt that he is going to vote for Obama in the fall election, and would never entertain voting for McCain (and McCain is probably the best choice the Rep's could have put forward this year), I have to admit that this is the kind of crisp, bold proposal that American politics needs, and I would not be surprised if (you'll pardon the pun) McCain gets some good mileage out of it.
I think offering bounties for technological breakthroughs is a grand idea. Instead of beating the American car and tech companies with mandates and regulations (not something I'm opposed to) that they will reflexively waste precious resources and time bucking against, this simply promises them $X of cold, hard cash if they achieve the breakthrough first. That might work.
I only wish Obama had come up with this first, since now anything that he proposes that looks like this will be vulnerable to charges of "me too-ism".
I am a service advisor, I work for saturn, Yes we had electric cars in california for years, people didnt want to plug their cars in? They were great. also I worked for honda and we had fuel cells. One problem, No place to fill up! Thats the problem. There should be tax incentives for everyone huge ones, to convert your exisiting cars, or purchase new tech or smart cars. We dont need to drill off the coast of florida. I live here. One spill and tourism is over.We cant afford the financial loss
My car battery only cost $100. If he's worried about his car starting, he should get AAA.
And another thing: where'd he get $300 million?
Where in the handbook of life does it say that a company has to do anything other than follow laws? Where does it say that car companies HAVE to provide people with what they want? Where does it say oil companies CAN"T make money? Some of you people should stop pointing fingers from your keyboard and get out and do something about it. Like starting your own business; give everybody what they want, remember you can't make any money doing it tho. Good luck!
Battery technology is key to the future of the automotive industry. Most of the current efforts are based on lithium ion technology...with one company (Tesla Motors) already producing a powerful sports car using this technology.
A more promising technology is supercapacitor technology. One of the leaders in this area is Joel Schindall a scientist at MIT. Essentially Joel is using nano technology to optimize the charge/discharge and storage capacity for capacitors.
It's annoying that so many people (mostly Obama supporters) on this thread are posting such negative comments when they know NOTHING about battery technology.
McCain's proposal is a good one.
O.B. IS JUST A CHICAGO CON MAN THAT CONNED ALL YOU LITTLE CHILDREN OUT OF YOUR MONEY. I SEE HIS CHANGE, HATE, RACIST AND DIVISION . YOU SEE IT EVERYDAY FROM HIS FOLLOWERS. HE PREACHES CHANGE ,BUT TAKES THIS COUNTRY BACK 100 YRS. OR MORE. HE ISN'T THE SECOND COMMING IAM SORRY TO TELL YOU O.B. BELIEVERS. YOU YOUNG LOST MINDED FIRST TIME VOTERS ETC. ARE LIVING IN A FANTASY WORLD WITH YOUR CANIDATE. IAM SO GLAD US CLINTON SUPPORTERS KNOW AND VOTED FOR REALITY. NOV. D DAY FOR O.B. NOW YOU YOUNG ABSENT MINDED VOTERS WILL SEE REALITY. AMERICA GETS WHAT THEY ASK FOR.
I think Cindy's paying for it with her the daily interest on her bank account. Isn't she?
This guy is Scary and Crazy.Old man has "lost" his bearings.I cant see why any sane person would vote for him.
Obama 08 -16 !
Where is the 300 million coming from ? Mcain`s wife ?? Anyone smart enough to develop such a battery would know it was worth billions , so what is McCain doing here ? His head has band-aids , but they really should be over his mouth. Maybe he plans to use his campaign funds. Thinking should be a requirement for a candidate for the President of the United States.
Get the electric car from the 90s. Government took them away and destroyed them. We need to get them back and make them AFFORDABLE for the average person to get one (not lease).