John McCain's $300 Million Car Challenge
So John McCain is proposing a $300 million government prize to anyone who can develop a next-generation automobile battery that's way beyond current technology. Certainly the free-market part of my psyche thinks $100-plus-a-barrel oil should be all the motivation any car company needs to develop breakthrough battery technologies. Plus, there are already billions in venture capital dough going into clean-energy technology.
Yet I really like the idea of such innovation prizes, like the privately funded Ansari X Prize for space tourism. If government is going to get involved, this is the ideal way: Set the goal, set the prize (though maybe it should be like $1 billion), and then get out of the way, and let business and entrepreneurs innovate.
Tags: cars | John McCain | inventions
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Reader Comments
Cars that run on water
I have seen on the internet someone who invented cars that run on water....that is correct h2o. There is a chamber that converts h2o to hydrogen gas. As a hybrid, the test vehicle is getting 1oo miles per gallon. So why wase money on car batteries when we already have the technology for cars running on h20.
Also, what about the GM electric vehicles. I guess GM should go bankrupt after inventing one of the best electric cars ever, then simply taking it off the market. I guess big oil and the governmnet are still in bed together and all this green supportjargon is just a lot of gas (ie carbon monoxide and not natural gas).
wind turbines/battery system
This is Mark Yinger again - my concept on the turbines is that
they would be aerodynamically designed to reduce drag, and
be made of extreme light heavy weight material - alloy
the alloy business could use a lift right now also.
If we accept what is and do not think what may be, we will be
doomed to be consumers only.
mccain lottery
quit fighting the friggin war. uses way too much oil
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