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The Almighty Buck

X Prize For a 100-MPG Car 741

Posted by kdawson
from the batteries-not-included dept.
Heinen writes in about the X Prize Foundation, which spurred innovation by offering US $10 million for the first privately built spacecraft. The Foundation now plans to offer millions for the first practical car that increases mileage five-fold. The specs for the competition are out in draft form amd call for cars in two categories that are capable of 100 MPG in tests to be run in 2009. The categories are: 4-passenger/4-wheel; and 2-passenger/unspecified wheels. The cars must be manufacturable, not "science projects. The prize is expected to top $10 million. The X Prize Foundation says that so far it has received more than 1,000 inquiries from possible competitors.

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