DOE Awards up to $5.5 Million for the Automotive X Prize Competition
November 4, 2009
DOE announced November 2 that is providing up to $5.5 million in funding from the American Recovery and Reinvestment Act to support the X Prize Foundation's work to inspire a new generation of energy efficient vehicles. As part of the Automotive X Prize competition, teams are designing innovative, commercially-viable, high-efficiency vehicles. Building on a partnership with the X Prize Foundation that began in 2008, the DOE funding will provide technical assistance and expand national education and outreach efforts for the competition. The award also supports President Obama's Strategy for American Innovation, which calls on federal agencies to increase their use of prizes as a tool for promoting technological advances.
The Automotive X Prize is a private, independent, technology-neutral competition developed by the X Prize Foundation, which creates and manages prizes that drive innovators to solve some challenges facing the world. The competition offers a $10 million prize purse for clean, production-capable vehicles that achieve the energy equivalent of 100 miles per gallon of gasoline. DOE will provide technical expertise to ensure that each of the competition designs is reviewed correctly and consistently. Funding will also support expanded outreach and education efforts that will focus on promoting public awareness of the science and engineering behind energy-efficient vehicle designs. See the DOE press release and the Automotive X Prize Web site.