Friday, June 18, 2010

Lamar's Charged Up about Electric Cars

Posted by on Fri, Jun 18, 2010 at 8:01 AM

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Lamar Alexander's electric car idea may be catching on. President Obama missed the chance to talk about it in his speech to the nation on the oil spill. But The Wall Street Journal's Gerald Seib writes today "perhaps electric vehicles are something both parties can agree to ride into a new and brighter energy future." Alexander certainly thinks so:

"When the president got to the end, it seemed to me he should have said, 'Let's have a mini-Manhattan Project. Let's electrify half our cars and trucks in 20 years.' That's a very ambitious goal, but it's a goal that cries out for presidential leadership."

If we succeed, we could cut our demand for oil by one-third, according to the senator. Under legislation by Alexander and North Dakota Democrat Byron Dorgan, we would pick cities to try to prove electric cars can work, with money to build recharging stations and bigger tax credits for residents buying electric cars. The government would invest $1.5 billion into research to make batteries last longer and offer a $10 million prize for whoever can develop a 500-mile battery. Alexander and Dorgan explain their bill here.

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