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View Full Version : X Prize offering $10M purse for 100-mpg vehicle



Buford
March-20th-2008, 07:59 PM
http://www.cnn.com/2008/TECH/science/03/20/mpg.xprize.ap/index.html



X Prize offering $10M purse for 100-mpg vehicle

<LI class=cnnhiliteheader>Story Highlights
Only production-ready, consumer-friendly cars to be chosen from applicants
Cross-country races in 2009, 2010 will gauge speed, range, overall performance
Minimum requirements: Top speed of at least 80 mph, range of 100 miles or more
Fuelvapor VP says its car, two years in the making, could top out at 400 mpg
NEW YORK (AP) -- The X Prize Foundation, best known for its competitions promoting space flights, is offering $10 million to the teams that can produce the most production-ready vehicles that get 100 miles per gallon or more.

The foundation was to announce the size of the purse and its sponsor, Progressive Casualty Insurance Co., on Thursday at the New York International Auto Show.

More than 60 teams from nine countries have signed up for the competition so far, including California electric carmakers Aptera Motors and Tesla Motors, German diesel carmaker Loremo and a team from Cornell University.

Teams will be able to sign up through mid-2008, when applicants will be narrowed to those who can prove they would build production-ready, consumer-friendly cars.

Those that qualify will race their vehicles in cross-country races in 2009 and 2010 that will combine speed, distance, urban driving and overall performance.

The purse will be split between two categories: mainstream and alternative cars. Mainstream cars must carry four or more passengers and have climate control, an audio system and 10 cubic feet of cargo space.

They also must have four or more wheels, hit 60 miles per hour in less than 12 seconds and have a minimum top speed of 100 miles per hour and a range of 200 miles.

Alternative vehicles will be required to carry two or more passengers and five cubic feet of cargo, have a top speed of at least 80 miles per hour and have a range of at least 100 miles.

"The environmentally friendly technologies created as a result of this competition will affect everyone who drives in ways we can't even imagine today," X Prize Chairman and Chief Executive Dr. Peter Diamandis said in a statement.

British Columbia-based Fuelvapor Technologies is among the competitors. Vice President Todd Pratt said the six-person company, which has funding from 47 shareholders, has spent more than two years developing its car.

The car has three wheels and two seats and has the aerodynamic design of a jet cockpit. It is gas powered but saves fuel through a proprietary technology that replaces traditional fuel injection.

The car currently gets 92 miles per gallon, Pratt said, but the company thinks a hybrid version could achieve up to 400 miles per gallon.

"It's kind of like the X Prize was designed for us," Pratt said. "We're just six guys who are really passionate about doing something different."

The Santa Monica, California-based X Prize Foundation (http://topics.cnn.com/topics/X_PRIZE_Foundation), which was founded in 1995, gained fame in 2004 when it awarded $10 million to the first private vehicle to fly into space.

The foundation since has launched a $10 million prize for rapid human genome sequencing and a $30 million prize for sending a robot to the moon.

frommd
March-21st-2008, 03:57 AM
I was thinking about the original X-prize the other day. Anyone know what the plans are for the plane they picked?

redskinss
March-21st-2008, 08:40 AM
Maybe im wrong but 10 million doesnt seem like very much for what it will cost to design and produce a vehicle like this.
i guess if you factor in the profits from its sale the 10 mil is just a nice bonus but what about the losers, there going to be out a lot of money.

GibbsFactor
March-21st-2008, 08:53 AM
Maybe im wrong but 10 million doesnt seem like very much for what it will cost to design and produce a vehicle like this.
i guess if you factor in the profits from its sale the 10 mil is just a nice bonus but what about the losers, there going to be out a lot of money.

I agree. That's no incentive.

The incentive is to develop that ground breaking new technology that saves the world. Imagine having the patent on a combustion engine today?

:yikes:

tryfuhl
March-21st-2008, 09:45 AM
Maybe im wrong but 10 million doesnt seem like very much for what it will cost to design and produce a vehicle like this.
i guess if you factor in the profits from its sale the 10 mil is just a nice bonus but what about the losers, there going to be out a lot of money.

Chances are the people that will be participating are already doing something similar or have the financial backing to take on such a task.

frommd
March-21st-2008, 09:59 AM
The publicity they will get from winning the prize is worth more than the prize itself. Most of these designs already exist.

Raub
March-21st-2008, 10:02 AM
I want a Loremo as soon as they get to the states. 150mpg and it doesn't look like a Jetson's spaceship.