(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."
WHAT???? How stupid.
Yea McCain. You have been in government for 50 years and NOW you want us to think you are GREEN??? ALL this time you have been in Lock step with the OIL based BUSH team but NOW you want us to forget that??
I guess this is to balance out his flip flop agenda..yes DRILL DRILL DRILL as my Boss Bush says BUT lets give out cash for a Battery that will go AGAINST my Boss Bush. LOL This man does not know which side of the fence he wants to be on.
Much like his immagration stance..tell the Latinos one thing and the white people another.
I like the idea. Government should look for solutions, and to encourage innovation and competition. Not stifle it with more regulation and taxation. We'll all win with such an innovation mentality.
And to be fair, Obama seems to be doing the same thing on the Green energy side. We need that "can do attitude. Both McCain and Obama are a big step ahead on these ideas then where we are now.
Not a bad idea, but I'm sure the auto industry is already working on something. Why not subsidize part of their R&D costs instead? That way this "contest" isn't limited to ones that can put up the costs needed. Keep in mind, our domestic manufacturers aren't doing too well.
Tax credits are also a great incentive. Us Americans have to be rewarded. We're not going to change unless we're compensated.
** Nader/Gonzalez 2008 **
The automotive industry should have plenty of reasons to make this battery for FREE, rather than paying them to do it...
Car sales are down, and unless of the of big automotive giants makes a car that can run on electric, they are bascially doomed, so thats reason enough to make these cars, why give them another red cent to do something they should have been doing ALL ALONG???
Mary In AL June 23rd, 2008 2:32 pm ET
What the heck does a car battery have to do with gas prices? Is McCane trying to change the subject?
The battery can power the car instead of gas. So if you don't need to put gas in the car the price of gas is not important.
Good, anything to spark innovation. He's providing incentive for expediency, not to get people started in the field. Jesus, so many posters on here are the most flaming partisan libs I've ever seen; If Obama had done this, he'd be hailed the savior of the free world, but when McCain fuels transition from old to new he's "all flash."
Extreme partisanship like that is exactly what scares people away from Obama.
and to think this man could possibly be the leader of the most powerful country in the world... Iran's nuclear weapons are the least of our worries!
You think this is innovative? Please. People are already trying and working on inventions. This is another sad slap in the face for Americans and especially republicans. Sad.
Not another one gimmick. How McLame is this? He's got nothing else going for him. He thinks we're stupid and up to our ears in $4.00 gas that we won't pay attention to this hoax.
Smoke and mirrors McSame, and we're not buying it.
Hey, the next time you have a beer with your buddy George W, tell him to use the 300 million for the flood victims in the midwest.
Sorry excuse for a new idea–next.
And the technology is not available yet? I think McCain is crazy to think it's not already out there.
McCain is so out of touch.
I see so many people on here trashing the oil companies. They may in fact need a little kick in the pants, but that is such a small piece of the puzzle for gas prices, it is shortsighted to only talk about oil companies "gauging."
The McCain idea has a lot of substance, and represents innovative thinking. Just as Obama is being innovative on the Green energy front.
Hitting McCain or the Republicans for such an idea is counter-productive. Let's take the best of McCain's and Obama's ideas and get this country energy-independent.
An electric car with a range of what, fueled by what, of course electricity, obtained from where?
What we need is a hybrid that runs on electricity, that has a combustion motor of some sort that kicks in to "recharge" the vehicle going down the road. That's right a hybrid that not only can be used in town, but one that actually is a electric car on the highway, with a recharge capability.
Current hybirds are great for in town driving, don't really do a thing on the highway. But then again what makes anyone think that a viable solution is around the corner. MPG in vehicles remains where it was 100 years ago when model T's got 25 mpg.
MccccccccccccccccccccccCAIN ALL THE WAY TO THE OVAL OFFICE..THE MAN WITH DIGNITY...
If anyone really did develop such a bettery, McCain would just use it to power an oil pump in a nature preserve somewhere.
Don't the Rethugs have a bounty on Bin Laden's head for a lot of money? How's that one going?
McCain is such an idiot...
And just to think there are people in this country that like McClown. Just goes to show how America is still missing many "villiage idiots" because they are running after the clown McCain.
Ummm.... Someone should sit McCain down and have him watch "Who Killed the Electric Car?".
the market is driving this innovation – – rather than offer 300 million – offer startup seed money – offer 8 companies 25 million each – with a 100 dollar prize – government can use the technology royalty free – and US based companies will as well – outside the country – they pay
MCSAME............$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......
I told you he think AMERICANS are STUPID !........ WHAT IS REA:LLY GOING ON!!!!
II need some GAS AND FOOD.......WILL ACCEPT $3.00 DONATIONS
$300million, where is that "prize money" coming from? tax-payers? I say, save the "prize"; and give "electric bill" cost cuts or battery rebates, to those owners................"More money, more problems"...............I say!
That eliminates all democrats from winning the prize!
More political pandering...#!1he doesn't have the money to pay for this
#2 If it were possible, it would already BE invented
#3 First he says drill, now he says new batteries
#4 The man who can talk out of both sides of his mouth at the same time, and then remember none of it tomorrow
Lord help us if we put a Republican back in charge in the next 20 years!
good inventions will pay-off may times over..
Have you lost it America...where has the pioneer spirit gone ?
The darlings of the Dems can't stand the fact that the limelight is on Barack and not them. Hill is running for 2012 and is determined for Barack's supporters to pay her debts. I won't send any more money until she is out of the picture. Unfortunately, that may not happen.
Go away Hillary, you bring drama and grief everywhere you go.