McCain’s Battery Bounty Bogus, Critics Charge

The U.S. needs more than a pot of gold at the end of a rainbow to conquer the next technological challenge, say critics of a proposed battery bounty.

The research tab for developing superior a next-generation battery for hybrid-electric vehicles will far exceed the $300 million prize put forward by presumptive Republican presidential nominee John McCain, leading consultants say, adding incentive money is better spent up front.

And additional funds must be set aside to ...