4 of 22
BACKNEXT
Driving
Both candidates want to make every gallon count. Government prizes are pivotal to McCain's plan, while Obama wants to place more stringent requirements on automakers.

· Raise penalties car companies pay for violating Corporate Average Fuel Economy (CAFE) standards.

· Offer $5,000 tax credit for every customer who buys a zero-emission car.

· Speed introduction of "flex-fuel vehicles" that can run on ethanol blends and gasoline.

· Remove or reduce tariffs on imported ethanol.

· Award $300 million prize to the company that can produce a plug-in hybrid battery technology at 30% of current costs, allowing commercial development of plug-in hybrid cars.

"...Our government has thrown around enough money subsidizing special interests and excusing failure. From now on, we will encourage heroic efforts in engineering, and we will reward the greatest success." -- McCain*
· Double fuel economy standards within 18 years while maintaining current flexibility.

· Offer $7,000 tax credit to buyers of plug-in hybrids.

· Mandate all new cars be flex-fuel capable.

· Provide $4 billion in retooling credits and loans to help domestic manufacturers switch to more fuel-efficient cars.

· Aim to get 1 million 150 mile-per-gallon plug-in hybrids on the roads within six years.

· Support creation of more transit-friendly communities and level employer commuting assistance for driving and public transit.

"I have a plan to raise the fuel standards in our cars and trucks with technology we have on the shelf today -- technology that will make sure we get more miles to the gallon." -- Obama**




NEXT: Energy Security
Last updated October 29 2008: 12:15 PM ET
Source:
*June 23, 2008, Speech, Fresno, Calif.
**June 24, 2008, Speech, Las Vegas, Nev.
More Galleries
Here are the 20 most ticketed cars in America The racy Subaru WRX tops the list, but some of the other ticket magnets will surprise you. More
Lamborghini to unveil 910 horsepower plug-in hybrid The Lamborghini Asterion concept car will have a V10 engine and three electric motors. More
The weapons of The Walking Dead Zombies are fiction, but the weapons on The Walking Dead are real. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.