Rep.
Dan Lungren (R-Calif.) on Wednesday introduced legislation that would offer a $1 billion prize to the first U.S.-incorporated auto company that can sell 60,000 gasoline-powered cars that get 100 miles per gallon.
The Excellence in Energy Efficiency Act, H.R. 3872, is the Republican answer to the Democrats’ push for the development of gas-electric or all-electric cars. The flat prize is also a departure from current government incentives to buy green vehicles, which some estimate could cost the government several billion dollars.
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