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What Is the Progressive Insurance Automotive X Prize?

The Progressive Insurance Automotive X Prize is a competition that pits vehicle designers from universities, industry and research companies against one another to design a commercially viable but easily manufactured green vehicle. Teams are divided into two categories: Mainstream, or vehicles that can be quickly produced for sale; and Alternative, or vehicles tha may be more efficient, but require further development to make them commercially viable. A ten million dollar prize will be split between winning teams in each category, and the winners will receive multi-media exposure when the X Prize concludes in August 2010.

Source: RideLust

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