- Jun 23, 2008
Sen. McCain proposes $300m prize for a better battery
Both biofuels and battery technology are getting some love from Senator John McCain, who's set to propose a prize of $300 million for the first company who can build a better battery. That's a large sum of money, but it won't be easy to tap considering that the goal is for a battery with "the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars." Oh yeah, and do all that with a seventy-percent reduction in cost. That shouldn't be a problem, right?
[Source: The Detroit News]