Automotive XPrize

I was always a fan of the original XPrize which featured a $10 million award to the team that flew the equivalent of three people to a suborbital height (roughly 100 km) two times in two weeks. Well, there are several other XPrize Foundation efforts underway (Lunar XPrize, etc.), all based on one concept: radical breakthroughs for the benefit of humanity.

On March 20th, the XPrize Foundation announced the Automotive XPrize. Well, it isn't quite as sexy as space, but I believe it has the best opportunity to impact society the earliest. I am excited to see how this contest/race pans out, and what kind of benefits will be seen in the automotive industry. With the price of oil and it's impact on the environment, I hope nearly everyone has an interest in events like this.