Automotive X Prize
$100OBJECTIVE
Why an Automotive X PRIZE?
Because today's oil consumption is not sustainable - our current use of oil endangers our health, our economy, and the political and social stability of the world.
Because 40% of world oil output fuels the automotive industry - and, in the U.S., 65% of oil consumption is in the transportation sector.Because automotive emissions contribute significantly to global climate change.
Because there are no mainstream consumer choices for clean, super-efficient vehicles that meet market needs for price, size, capability, image, safety and performance.
Because the automotive industry is stalled - legislation, regulation, labor issues, manufacturing costs, legacy costs, franchise laws, obsolete technology, consumer attitudes, and many other factors have combined to block breakthroughs.
Because increases in engine efficiency have been "spent" on increased vehicle power, acceleration, and weight, rather than on increased fuel economy.
Because we believe there is great opportunity for technological change.
Goals of the Prize
Our goal is to stimulate automotive technology, manufacturing and marketing breakthroughs that:
Radically reduce oil consumption and harmful emissions
Result in a new generation of super-efficient and desirable mainstream vehicles that people want to buy
REQUIREMENTS
The first person to claim the Automotive X Prize will be awarded the full value of this prize in addition to any money awarded by the X Prize Foundation.
The claimant must provide certified documentation from the X Prize Foundation verifying that he or she has indeed met the requirements of the Automotive X Prize and has been awarded the prize.
- Not Applicable Intellectual Property Rights
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