Large automakers are sitting out the Progressive Automotive X Prize competition for the time being, despite the green marketing opportunity.
No big auto companies are competing for the privately funded $10 million prize.
The X Prize money will be awarded in 2010 to a team that develops a vehicle getting at least 100 mpg that wins a series of races designed to simulate real-world driving conditions.
Vehicles that don't use gasoline must get the energy equivalent of 100 mpg.
Tesla Motors Inc. entered an electric vehicle in the mainstream category, which covers vehicles that meet strict performance rules. India'… Read more