McCain proposes $300m prize to develop hi-tech auto battery
Senator John McCain hopes to solve the country's energy crisis with cold hard cash. The Republican presidential nominee-inwaiting thinks the government should offer a $300 million prize to the person who can develop an automobile battery that leapfrogs existing technology. The prize would equate to $1 for every man, woman and child in the country. In a speech at Fresno State University in California, McCain will also propose stiffer fines for automakers who skirt existing fuel-efficiency standards. AP