Yep, that's similar to what I've been saying, although I'd suggest a minimum MPG number for each vehicle produced, rather than pure electric (not enough Lithium). And only one company can get supported, first come, first served.

Buyout rather than bailout and shut down the loss making / carbon polluting elements immediately. That would concentrate the CEOs minds wonderfully.

Of course the attachment to the idea of 'free markets' is so strong in the US it will never happen.

One minor quibble, i'm not sure I beleive the not enough Lithium quote. The guy that originally wrote the "Peak Lithium" article now believes that Lithium is in Abundance:

I got a tip off of that concern when A123 Technologies' Ric Fulop pulled me aside during a dinner reception at last year's EVS23 in Anaheim and suggested I should look into the question further. He had and came to the conclusion that there was plenty of lithium available, more than enough to meet the needs of all the electric cars the planet could afford to build.