Race for 100mpg car begins

The Progressive Auto X-Prize for a car that gets a minimum of 100 mpg and is available for purchase for a purse of $10 M , was officially announced yesterday. Rules here. As covered by Popular Science (h/t Instapundit). Apparently by the time testing begins in the spring there will be a few cars that already meet at least the first requirement. With motor gasoline consumption taking up nearly 45% of total oil consumption in the US, this could be a real solution to high oil prices.