When I was searching for candidate positions on innovation prizes, I missed this one from John McCain, probably because I didn't spend a lot of time on the search and this one doesn't have keywords like "prize" in it.
With some of the savings from cutting subsidies for industries that can stand on their own, we can establish a national challenge to improve the cost, range, size, and weight of electric batteries for automobiles. Fifty percent of cars on the road are driven 25 miles a day or less. Affordable battery-powered vehicles that can meet average commuter needs could help us cut oil imports in half. The reward will be earned through merit by whomever accomplishes the task, whether a laboratory in the Department of Energy, a university, a corporation or an enterprising young inventor who works out of his family's garage.