McCain Gets Kudos in Daily Kos for Innovative Energy Incentive

What!?  Yesterday the McCain Blog published this article titled Sen. McCain Offers $300 Million Prize for New Auto Battery:

The presumed Republican nominee on Monday proposed a $300 million government prize to whoever can develop an automobile battery that far surpasses existing technology. The bounty would equate to $1 for every man, woman and child in the country, "a small price to pay for helping to break the back of our oil dependency," McCain said at Fresno State University.

McCain said such a device should deliver power at 30 percent of current costs and have "the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars."

The Arizona senator also proposed stiffer fines for automakers who skirt existing fuel-efficiency standards, as well as incentives to increase use of domestic and foreign alcohol-based fuels such as ethanol.

In addition, a so-called Clean Car Challenge would provide U.S. automakers with a $5,000 tax credit for every zero-carbon emissions car they develop and sell.

"In the quest for alternatives to oil, our government has thrown around enough money subsidizing special interests and excusing failure," said McCain. "From now on, we will encourage heroic efforts in engineering, and we will reward the greatest success."

Interestingly, today's Daily Kos responded as follows:

...it's not all bad news from the right -- no matter what you may think of McCain generally or his energy policy specifically, his proposal suggesting a large cash prize for renewable energy technology is at least a step in the right direction.

Could this be the coalition issue that will lure Democrats who-are-just-not-quite-sure-that-Obama's-their-guy over to McCain?  I hope so.  I like it!  It works for me.

0
Your rating: None

Comments

Patent?

Wouldn't the patent on such a technology be worth much more than $300M?

The private sector already has an incentive to develop this tech.  It's called creating a marketable product.  A bounty is superfluous.

But if it sells McCain's candidacy, eh - I can live with it.  $300M would be much less costly than having BO in office.

But Ethanol?

I'm feeling the battery bounty.. the the continued push towards biofuels given the tenuous state of the world food markets is not a direction I'd want to keep going.

Unless we figure out how to make fuel from bio that we don't eat, or won't supplant bio that we DO eat.

Maybe alge fuel I could live with.

I say we deploy the corn as food

and use the bug poo for fuel.  The only problem would be if the oil-eating bugs are launched in a terrorist attack against the oil-pooing bugs.  Heh.  You heard it here first, Rensen.