The automotive X Prize is a competition that is designed to inspire companies and individuals to design eco-friendly vehicles. The vehicles must achieve at least 100 MPG, and must also be mass producable. In other words, the goal is not to just produce a eco-friendly but highly expensive and unviable vehicle, but to build a vehicle that can be marketed to everyone.
IT is a branch of the X Prize foundation awarding innovation in the automobile and heavy vehicle industry. The X Prize awards innovation in design which benefits humanity. Here is a mission statement from the link below:
“The X PRIZE is viewed as the leading model to leverage the elements of public interest, entrepreneurial spirit and cross-disciplinary innovation to bring about breakthroughs that benefit us all.”
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