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And for those of you who are wondering what that means, the thing that’s been holding back electric vehicles is the battery that stores that electricity, that energy.  And the more efficient, the more lightweight we can make those batteries, the easier it is to manufacture those cars at a competitive price.

And if we can have that industry here in the United States of America, that means jobs.  If those batteries are made here, the cars are made here.  Those cars are made here, we’re putting Americans back to work.

Now, to make sure we stay on this goal we’re going to need to do more -– by offering more powerful incentives to consumers, and by rewarding the communities that pave the way for the adoption of these vehicles.

Now, one other thing about electric cars -- and you don't need to talk to Chu about this -- it turns out electric cars run on electricity.  (Laughter.)  And so even if we reduce our oil dependency, and we’re producing all these great electric cars, we’re going to have to have a plan to change the way we generate electricity in America so that it’s cleaner and safer and healthier.  We know that ushering in a clean energy economy has the potential of creating untold numbers of new jobs and new businesses right here in the United States.  But we’re going to have to think about how do we produce electricity more efficiently.

Now, in addition to producing it, we actually also have to think about making sure we’re not wasting energy.  I don't know how we’re doing on the Georgetown campus, Mr. President, but every institution and every household has to start thinking about how are we reducing the amount of energy that we’re using and doing it in more efficient ways.

Today, our homes and businesses consume 40 percent of the energy that we use, and it costs us billions of dollars in energy bills.  Manufacturers that require large amounts of energy to make their products, they're challenged by rising energy costs.  And so you can’t separate the issue of oil dependence from the issue of how we are producing generally -- more energy generally. 

And that’s why we’ve proposed new programs to help Americans upgrade their homes and businesses and plants with new, energy-efficient building materials -- new lighting, new windows, new heating and cooling systems -– investments that will save consumers and business owners tens of billions of dollars a year, and free up money for investment and hiring and creating new jobs and hiring more workers and putting contractors to work as well.

The nice thing about energy efficiency is we already have the technology.  We don’t have to create something new.  We just have to help businesses and homeowners put in place the installation, the energy-efficient windows, the energy-efficient lighting.  They’ll get their money back.  You will save money on your electricity bill that pays for those improvements that you made, but a lot of people may not have the money up front, and so we’ve got to give them some incentives to do that.

And just like the fuels we use in our cars, we’re going to have to find cleaner renewable sources of electricity.  Today, about two-fifths of our electricity come from clean energy sources.  But we can do better than that.  I think that with the right incentives in place, we can double our use of clean energy. And that’s why, in my State of the Union address back in January, I called for a new Clean Energy Standard for America:  By 2035, 80 percent of our electricity needs to come from a wide range of clean energy sources -- renewables like wind and solar, efficient natural gas.  And, yes, we’re going to have to examine how do we make clean coal and nuclear power work.

Now, in light of the ongoing events in Japan, I want to just take a minute to talk about nuclear power.  Right now, America gets about one-fifth of our electricity from nuclear energy.  And it’s important to recognize that nuclear energy doesn’t emit carbon dioxide in the atmosphere.  So those of us who are concerned about climate change, we’ve got to recognize that nuclear power, if it’s safe, can make a significant contribution to the climate change question. 

And I’m determined to ensure that it’s safe.  So in light of what’s happened in Japan, I’ve requested a comprehensive safety review by the Nuclear Regulatory Commission to make sure that all of our existing nuclear energy facilities are safe.  And we’re going incorporate those conclusions and lessons from Japan in design and the building of the next generation of plants.  But we can’t simply take it off the table. 

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