The X Prize Foundation is launching a multi-year competition to find
fuel efficient production-ready vehicles -- that will ultimately award
the most promising designs with millions of dollars in cash prizes.
Although there have been many contests to design super-efficient
vehicles, this one is unique because of its emphasis on market
viability, according to Neal Anderson, senior director of the
Automotive X Prize. Participating teams must develop a business plan
for producing at least 10,000 cars per year. The contest is divided
into two classes: the mainstream class, in which teams develop more
conventional vehicles with four wheels and room for four or more
passengers, and the alternative class, which allows for more innovation
but is allotted a smaller share of the prize money.
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