This is EXACTLY why you elect someone with thinking capacity to the white house:

http://in.reuters.com/article/Autos09/id...

Battery packs could drop in price up to 1/4 within ten years! This could make electric cars price competitive within three years. This is EXACTLY what the US needs. A clear path away from oil and now it has it. The significance can't be overstated. It makes no difference whatever that this will fail to excite this thread -- it will benefit everyone regardless.

Now here is the difference between a president who thinks subsidizing SUVs is a good idea and one who actually thinks.

Local energy sources will explode within two decades and this will become the next leadership sector.

Now all the car companies who have in the past and continue in the present to state that the price of batteries is prohibitive need to stop and think whether a 3000 battery will stop anyone from buying a car that can save that much in a few years on gas costs alone.