80 million people – almost 1/3 of the entire population of the U.S. That’s a powerful number. It’s the generation born between 1946 and 1964.
Breaking America’s Addiction to Oil
Imagine a world where super-efficient cars are desirable, affordable and everywhere…
where gasoline no longer makes history, but is history…
The $10 Million Dollar X Prize Competition
The X Prize Foundation is a public-private partnership that is conducting incentivized competitions to stimulate innovation in automotive, space and genomic technologies.
In 2004, the Foundation captured world headlines when Burt Rutan, backed by Microsoft co-founder Paul Allen, built and flew the world’s first private vehicle to space to win the $10 million Ansari X Prize.
Progressive Insurance, along with a $5.5 million grant from the American Recovery and Reinvestment Act, created the competition to inspire a new generation of viable, super fuel-efficient vehicles.
Competitor must design, build and race super-efficient vehicles that will achieve 100 MPG and produce less than 200 grams/mile CO2 emissions. They must be capable of being produced for the mass market.
43 teams will participate in the formal vehicle challenges, which will begin in the spring of 2010 and winners will be announced in September 2010.
The DOE contributed an additional $3.5 million award to fund a two-year national education program that engages students and the public in learning about advanced vehicle technologies, energy efficiency, climate change, alternative fuels and the science, technology, engineering and math behind efficient vehicle development.
Filed under: COOL STUFF Tagged: | oil, technology
