EV bill offers $10M award to developer of battery with 500-mile range
In case you haven’t heard yet, there’s a bill sitting in the House and Senate aimed at promoting the develop of electric vehicles. The bill is called the Electric Drive Vehicle Deployment Act of 2010. All sorts of measures are found within the bill which will undoubtedly help drive electric vehicles (EVs) toward widespread adoption. Right now, the House and Senate have separate versions of the bill. They are very similar right now, but one odd stipulation in the Senate version immediately caught our attention.
It appears that the Senate version contains a measure that will award a $10 million prize to the first company to develop a commercially viable battery with a range of 500 miles or more on a single charge. To us, this stands out as a ridiculous waste of money because nobody seems to demand this type of range from an EV and studies have suggested that many people would be willing to sacrifice range in order to get a lower-priced EV. 100 miles seems like a good start to us and maybe there’s reason to push for 200 or so at a later date. Also, many gasoline-powered vehicles fail to approach 500 miles on a single tank, so what’s the need for an EV that can eclipse that number? Just imagine how much an EV with that type of range would weigh and cost, not to mention how long it would take to charge. But hey, $10 million is a lot of money, so someone’s sure to shoot for the goal.
[Source: Green Car Advisor | Image: AMagill - C.C. License 2.0]