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What the X-Prize has done for space travel, its founder, Peter Diamandis, wants it to do for automobiles. Diamandis asks why we still drive cars that can only do 30 miles per gallon and why we are clinging to the internal combustion engine. High-profile contests like the X-Prize not only draw attention to the issues at hand, but also show the private sector that there is a strong desire—essentially around the world—to accomplish these goals.

An X-Prize for automobiles may be on the horizon [Autoblog]