Here's excerpts from Obama's speech at the SCE Electric Vehicle Technical Center in California as reported on Climate Progress,
"... our greatest discoveries are born not in a flash of brilliance, but in the crucible of a deliberate effort over time. And often, they take something more than imagination and dedication alone — often they take an investment from government. That’s how we sent a man to the moon. That’s how we were able to launch a world wide web. And it’s how we’ll build the clean energy economy that’s the key to our competitiveness in the 21st century.
We’ll do this because we know that the nation that leads on energy will be the nation that leads the world in the 21st century. That’s why, around the world, nations are racing to lead in these industries of the future. Germany is leading the world in solar power. Spain generates almost 30 percent of its power by harnessing the wind, while we manage less than one percent. And Japan is producing the batteries that currently power American hybrid cars.
So the problem isn’t a lack of technology. You’re producing the technology right here. The problem is that, for decades, we have avoided doing what must be done as a nation to turn challenge into opportunity. As a consequence, we import more oil today than we did on 9/11. The 1908 Model T earned better gas mileage than a typical SUV sold in 2008. And even as our economy has been transformed by new forms of technology, our electric grid looks largely the same as it did half a century ago.
So we have a choice to make. We can remain one of the world’s leading importers of foreign oil, or we can make the investments that will allow us to become the world’s leading exporter of renewable energy. We can let climate change continue to go unchecked, or we can help stem it. We can let the jobs of tomorrow be created abroad, or we can create those jobs right here in America and lay the foundation for our lasting prosperity.
... In the next three years, we will double this nation’s supply of renewable energy. We have also made the largest investment in basic research funding in American history — an investment that will spur not only new discoveries in energy, but breakthroughs in science and technology."