Just a quick search confirms that the proposed $300 million is for a new and efficient automobile battery. Nothing to do with gas/oil really.
How about using your computer to check your facts?And, of course, it's exactly the sort of forward thinking proposal I'd expect from a political candidate who doesn't even think it's worth knowing how to use a computer. (According to his own staff, he doesn't.)
I'm not a big McCain supporter. He's just the best of the worst this year for me. That being said, it's still a bad idea. I'd rather the government mandate stricter gas mileage requirements and offer tax breaks for companies that switch to hybrid/electric cars.