Automotive X-Prize Offered

The folks who launched the successful X-Prize for a vehicle entering space twice within a 2-week period have recently announced a new X-Prize, this one for a non-petroleum-based automobile.

Despite the typical lefty claptrap on their website about global climate change and such, I think this is a good idea. Privately-funded competition has given us most of the innovations we enjoy today, although it wasn't offered as a prize until recently. No one promised Edison a prize for developing the light bulb, but he knew he could make money from it, so he did it.

It'll be interesting to see what ideas come out of this X-Prize, too.