The Automotive X Prize was officially announced on April 12, 2007. This would mean that the competition has taken around 3 years to complete.
The gears for the Automotive X Prize (formally known now as the Progressive Insurance Automotive X Prize, or PIAXP) were put into motion in 2005, and the actual formal announcement for the competition was in 2007 – three years ago. The deadline for submissions was last year, in 2009, and formal testing was earlier this year.
In a nutshell, this is a contest awarding ten million dollars to the first team that comes up with a vehicle that gets one hundred miles per gallon. Full rules at the link below.
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