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Sen. John McCain hopes to solve the country's energy crisis with cold hard cash.
The Republican presidential nominee-in-waiting 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.
"Our newest collaboration with Think helps us achieve the large-scale production of batteries and integrate them into commercially available electric vehicles."
Think Global's crossover, called the Think Ox, is close to the size of a sport utility vehicle, but which the company said is lighter and more aerodynamic.
The company's Think City vehicle, a plug-in electric car with an over 100 mile range, is available now. Think Global is delivering its first cars in Norway, with international sales to follow later in the year.
In 2003, McCain said that ethanol "does nothing to reduce fuel consumption, nothing to increase our energy independence, nothing to improve air quality."
Campaigning in Iowa in August 2006, he described ethanol as a "vital alternative energy source, not only because of our dependency on foreign oil but its greenhouse reduction effects."
Yesterday, in Massachusetts, he reverted to his anti-ethanol position.
Source: GovWatch on 2008 campaign: "Top Ten Flip-Flops" Feb 5, 2008