Automotive X-Prize Launches

From their press release: "The technology-neutral competition, a project of the X PRIZE Foundation, is open to teams from around the world that can design and build production-capable, 100 MPGe (miles per gallon energy equivalent) vehicles that people will want to buy and that meet market needs for price, size, capability, safety and performance. Winners of the $10 million prize purse will need to exceed 100 MPG equivalent fuel economy, fall under strict emissions caps and finish in the fastest time."