X PRIZE to inspire super-efficient vehicles

The X PRIZE Foundation has announced plans to launch a multi-million-dollar Automotive X PRIZE (AXP) to inspire super-efficient vehicles that exceed 100 miles per gallon or its equivalent:

"We invite the world's best and brightest minds to look at this independent, high-profile competition as a way to make a difference for generations to come," said Mark Goodstein, executive director, Automotive X PRIZE. "In the spirit of grand competitions throughout history - including Lindbergh's historic flight across the Atlantic 80 years ago - we expect that the Automotive X PRIZE will bring about change and innovation for the benefit of everybody. This competition will help level the playing field and capture entrepreneurial, scientific and technical energy to bring about viable cars that consumers want to buy."

Read more over at their X Prize news site