CarBuyersNoteBook

From the Much Ado About Nothing department, the Progressive Automotive Insurance X Prize committee has announced that the next round of competitors for the big ten million dollar prize has moved on to the next rank.

Only forty three out of the original one hundred eleven teams are still in the running for this title, in which teams are competing to develop a mass production capable car that gets a hundred and ten miles per gallon.  Turns out that this isn’t the only X Prize out there, but this is the one we care about.

Check out some of the project’s goals for winning that ten million:

Safety, Emissions: Vehicles must be designed so that a production vehicle would likely be able to meet U.S. safety standards and U.S. emissions standards.

Manufacturability, Cost: Vehicles must be capable of being manufactured in quantities of 10,000 per year, with vehicle production costs within levels consistent with historical examples of comparable vehicles.

Features: Vehicles must be desirable, addressing the most important features and factors consumers consider when purchasing an automobile.

Business Plan: There must be a credible plan to manufacture, sell, and service 10,000 vehicles (or conversions) per year by 2014. The plan must show that the national fuel infrastructure will support the vehicles, especially if any non-standard fuels or fueling-methods are to be used.

We’ve got a ways to go yet, so keep it here for all the latest X Prize news.