Field Narrows in Progressive Auto Insurance Fuel-Efficiency Contest

Car being fueledA competition field that started out with 136 vehicles developed by 111 teams has been whittled down to just nine vehicles representing seven teams in Progressive Auto Insurance’s Automotive X PRIZE competition.

$10 million in prizes are slated to be awarded after the competition’s conclusion at a ceremony held in Washington, D.C., this September.

The auto insurance company created the competition in hopes of inspiring a new type of vehicle — one able to reach 100 miles-per-gallon. All vehicles have undergone strict inspections testing for dynamic safety and efficiency.

“These finalists highlight true innovation in fuel efficiency, and prove that their vehicles have the ability to withstand strict safety, performance and emissions requirements,” said Progressive Insurance Automotive X PRIZE senior director Eric Cahill. “These cars redefine what is possible and set a new standard of efficiency that promises to revolutionize the industry.”

Creating more fuel-efficient cars does more than award someone $10 million, as consumers also stand to benefit. According to the U.S. Department of Energy, motorists can save approximately $1,400 a year annually in fuel expenses by using a more earth-friendly ride.

About John Pirro
John Pirro is a licensed fire and casualty insurance agent specializing in various aspects of the auto insurance industry. He worked in the auto body repair industry before taking a reporting position at Online Auto Insurance News.

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