Progressive Auto Insurance the 4th largest Auto Insurance company in the US, got together with X PRIZE to inspire a new generations of super-efficient vehicles that help break our addiction to oil and stem the effects of climate change. The prize was $10 million which would be divided between the winners.
The main criteria for the winner of the ten million dollar cash purse was for the team to design a car that would win a long-distance stage race for clean, production-capable vehicles that exceed 100 miles-per-gallon energy equivalent, they could be entirely new or modified existing models. Primary importance was that they be production capable not merely conceptual.
On September 16th 2010 in Washington DC the Progressive Auto Insurance X Prize was awarded to 3 teams -
- Mainstream Class – Edison2 and it’s “Very Light car no:98″ Winner of $5Million
- Alternative Side by side Class – Li-ion Motors “Wave2″ Winner of $2.5Million
- Alternative tandem Class – Winterthur teams “X-Tracer” Winner of $2.5Million
The Very light car no:98 lives up to its name by keeping its weight to 830 pounds which is around 1/4th the weight of a normal car. It seats four and is built on a steel frame of mostly aluminum parts. The Edison2 team is aiming at producing it for a market price of 20,000$.
The Wave2, a two-seat electric car that gets 187 miles on a charge, and The X-Tracer Team’s 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. X-Tracer Team says the electric E-Tracer will be available to U.S. consumers next year.
The X Prize, which is funded by Progressive Insurance, gave 111 teams 30 months to develop their vehicles and then put them through driving, safety and efficiency tests. All of the winners are now eligible for a U.S. Department of Energy program that will help ready the vehicles for introduction to the U.S. market.
Read the Entire AP Article HERE
Check out the Progressive Automotive X Prize Here
Why the Teams Think it is Important?
What caught my eye was the fact that all the winners were electric vehicles. May be in the not too distant future there will indeed be green cars. Live Green!