tcd004 writes "Instead of using Detroit engineers or Silicon Valley bitheads, Virginia-based Edison2 relied on retired Formula 1 and Nascar engineers to build its entry for the X-prize. Relying on composite materials and titanium, the team assembled an ultra-lightweight car that provides all the comforts of a standard 4-passenger vehicle, but gets more than 100 mpg. The custom engineering goes all the way down to the car's lug nuts, which weigh less than 11 grams each. Amazingly, they expect a production version of the car should cost less than $20,000."
Earlier today, in a Washington, DC ceremony, Edison2 received $5 million as the X-prize winner. Writes the AP (via Google) "Two other car makers will split $2.5 million each
: Mooresville, N.C.-based Li-Ion Motors Corp., which made the Wave2, a two-seat electric car that gets 187 miles on a charge, and X-Tracer Team of Winterthur, Switzerland, whose motorcycle-like electric mini-car, the E-Tracer 7009, gets 205 miles on a charge. Both of those companies are taking orders for their cars."