(CNN) -- Sen. John McCain on Monday called for a $300 million prize to whoever can develop a battery that will "leapfrog" the abilities of current hybrid and electric cars.
Sen. John McCain wants someone to develop a battery that can "leapfrog" those available in current electric cars.
Citing high oil prices, the Republican presidential candidate said he wants his offer to "deliver a power source at 30 percent of the current costs."
"[The prize would amount to] $1 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," McCain said during a town hall-style meeting at California's Fresno State University.
McCain said the new automobile battery should have "the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars." Watch more on McCain's $300 million reward ?
"In the quest for alternatives to oil, our government has thrown around enough money subsidizing special interests and excusing failure," McCain said. "From now on, we will encourage heroic efforts in engineering, and we will reward the greatest success."
McCain also called Monday for a "Clean Car Challenge" for U.S. automakers, hoping to spur them to develop and sell vehicles with no carbon emissions. The challenge would allow $5,000 tax credits to buyers of such cars, making those vehicles more appealing to consumers and thus easier to sell.
"We're going to see technology for electric-powered cars that are going to be [made cheaper] with our incentives," McCain said.
McCain also spoke against policies that he said "prevent consumers from benefiting" from ethanol not made from corn. He cited the U.S. subsidies for corn-based ethanol and tariffs on sugar cane-based ethanol from Brazil.
"Instead of playing favorites, our government should level the playing field for all alcohol fuels that break the monopoly of gasoline, both lowering gasoline prices and carbon emissions," he said.
McCain's remarks came a day after his Democratic rival, Sen. Barack Obama, called for greater oversight for energy traders. Obama's campaign said many economists believe speculation could
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How does McCain make claims like this when he dont even know where he would get the money to pay something like this.
I guess Cindy would have to cough it up.
I think McCain is going down senile ally .
when McCain mentions our goverment he is talking about his buddy George W for the last fawking 8 years. :scared