KANSAS CITY, Mo. (Reuters) - With crude oil prices at a record high, Democratic presidential nominee John Kerry (news - web sites) on Friday offered a 10-year, $30 billion proposal to move the nation toward energy independence.
Under the measure, aides said, American companies and consumers would receive financial aid to develop and buy more fuel-efficient motor vehicles.
In addition, it would set twin goals to have, by the year 2020, an even 20 percent of the nation's motor fuel and electricity come from alternative sources such as solar, wind, ethanol and biodiesel fuel.
Kerry, on a cross-country campaign tour, arranged to formally announce the proposal during a visit to a family farm outside Kansas City.
The measure would provide $10 billion to help automakers retool plants to build high-technology, fuel-efficient vehicles, and give consumers a tax credit of up to $5,000 to buy them.
http://story.news.yahoo.com/news?tmpl=story2&u=/nm/20040806/ts_nm/campaign_kerry_dc
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