X PRIZE Group Offers $10 Million Challenge to Auto Industry for 100-MPG Car
Just as the Ansari X PRIZE galvanized the aerospace industry and paved the way for consumer space travel, the new 100-MPG vehicle challenge from the X PRIZE Foundation and Progressive Insurance will inspire new designs and approaches to the problem of fuel efficiency in passenger vehicles.
Today at the New York International Auto Show , the X PRIZE Foundation  and Progressive  jointly announced the company’s Title Sponsorship of the Progressive Insurance Automotive X PRIZE competition and its funding of the $10 million prize purse.
The newly renamed Progressive Automotive X PRIZE is an international competition designed to inspire a new generation of viable, super fuel-efficient vehicles. The independent and technology-neutral competition is open to teams from around the world that can design, build and bring to market 100 MPGe (miles per gallon energy equivalent) vehicles that people want to buy, and that meet market needs for price, size, capability, safety and performance. click here for complete release .