McCain proposes $300 million prize for better battery
Another enticement on the menu is a $5,000 tax credit for every new zero-carbon car. He is expected to announce, "For every automaker who can sell a zero-emissions car, we will commit a $5,000 tax credit for each and every customer who buys that car," (The AP version of the story claims the credit is for auto-makers while Reuters says it's for the buyer) Other "if-elected" actions are said to include higher fines for non-compliance with CAFE standards and a speeding up the flex-fuel capability of the nations fleet. "Whether it takes a meeting with automakers during my first month in office, or my signature on an act of Congress, we will meet the goal of a swift conversion of American vehicles away from oil." It all sounds pretty good. Now, if he can just win that pesky election we'll see if he follows through.
[Source: Associated Press / Reuters UK]
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