INCENT to INVENT !

A $10M dollar prize for a commercially viable 100mpg car. The  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.

To date, more than 60 teams from nine countries have signed a Letter of Intent to compete for a share of the prize purse and global publicity.  Including most recently Tata Motors, who is launching their $2,500/75mpg Nano in India shortly.

The window for applications will be open until mid 2008, when a thorough qualification process will assess safety, cost, features and business plans to ensure that only production-capable, consumer-friendly cars compete. Those that qualify will race their vehicles in rigorous cross-country stage races in 2009 and 2010 that combine speed, distance, urban driving and overall performance. The winners will be the vehicles that exceed 100 MPG, meet strict emissions standards and finish in the fastest time. Host cities involved in the competition route are to be announced shortly.

This is a great competition at the right time.  Good luck to all the teams.

See the many active teams below;

http://www.progressiveautoxprize.org/auto/prize-details/teams