Editor/Reporter - CheersandGears.com
February 6, 2012
Do you want a billion dollars? Well, all you need to do is build 60,000 cars that get 100 MPG and the U.S. government will send a check your way if a new bill is passed.
Representative Dan Lungren ® of California's 3rd Congressional District has introduced a bill into Congress called the Excellence in Energy Efficiency Act of 2012. If the bill is passed, the legislation would have the Secretary of Energy "establish a program to award a prize in the amount of $1,000,000,000 to the first automobile manufacturer incorporated in the United States to manufacture and sell in the United States 60,000 mid-sized sedan automobiles which operate on gasoline and can travel 100 miles per gallon."
That's right, no compacts or any electric vehicles can be used. It's unclear whether plug-in hybrids can be used, but judging from this quote, "To provide a prize to the first manufacturer of highly-efficient mid-sized automobiles powered by gasoline," we doubt it.
Source: The Hill