John McCain apparently doesn’t think there’s enough of an incentive to make a really good battery for powering automobiles so in a magnanimous gesture, he’s putting up $300 million of our money.
“I further propose we inspire the ingenuity and resolve of the American people,” Mr. McCain said, “by offering a $300 million prize for the development of a battery package that has the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars.”
Um, anyone with half a brain could see that there is already major headway being made as manufacturers large and small realize the imminent windfall that would come from developing the first truly realistic electric car. All McCain’s wacky initiative would do would be to false incentives to players who would benefit from gaming the system and securing a monopoly for themselves backed by government guns.
