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Instead of waiting for the future cars that run on hydrogen, there are several companies that are creating new engine technologies that are able to achieve 100 miles on a single gallon of gas. With gas prices at an all time high and no alternative concepts at bay, this is definately great news for the automobile industry.
The race should heat up further when the X Prize Foundation -- the group that kick-started the space-tourism industry with its $10 million competition to produce a reusable private spacecraft -- announces in the next few months a competition for the first car to break 100 mpg and sell a yet-to-be-decided number of units.
The prize money hadn't been finalized at press time, but X Prize officials are discussing figures in the $25 million range as an appropriate incentive. They hope the prize will urge people to completely reconsider what a car should look like and how it should function.
(edition.cnn)
References: edition.cnn
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