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An ultralight, gas-powered car that can get 102 miles per gallon is among the winners of the $10 million Automotive X Prize, a contest to develop highly efficient, production-ready vehicles.
While it's not likely to go on sale in its current form, Edison2's "Very Light Car No. 98'' was cited for its innovative use of lightweight materials, its superior aerodynamics and its very low production cost. Oliver Kuttner, the founder of Lynchburg, Va.-based Edison2, said his target price is $20,000.
The X Prize, which is funded by Progressive Insurance, gave 111 teams 30 months to develop their vehicles and then put them through driving, safety and efficiency tests.
All of the winners are now eligible for a U.S. Department of Energy program that will help ready the vehicles for introduction to the U.S. market.
Cliff Cottam Insurance Services (CCIS)