The Progressive Automotive X PRIZE will invite teams from around the world to focus on a single goal: design, build, and sell super-efficient cars that people want to buy.
Why a Prize for Automotive?
- Because today's oil consumption is not sustainable - our current use of oil endangers our health, our economy, and the political and social stability of the world.
- Because 40% of world oil output fuels the automotive industry - and, in the U.S., 65% of oil consumption is in the transportation sector.
- Because automotive emissions contribute significantly to global climate change.
- Because there are few mainstream consumer choices for clean, super-efficient vehicles that meet market needs for price, size, capability, image, safety and performance.
- Because efforts by both the automotive industry and governments to increase fuel economy have not achieved the significant course change necessary to make a substantial difference.
- Because increases in engine efficiency have been "spent" on increased vehicle power, acceleration, and weight, rather than on increased fuel economy.
- Because we believe there is great opportunity for technological change.
Goals of the Prize
Our goal is to stimulate automotive technology, manufacturing and marketing breakthroughs that:
- Radically reduce oil consumption and harmful emissions
- Result in a new generation of super-efficient and desirable mainstream vehicles that people want to buy
Learn more about the Progressive Automotive X PRIZE.