Progressive Insurance Automotive X PRIZE Applauds President Obama’s Plans to Accelerate Stricter Fuel Economy and Emissions Standards
“Improving the energy efficiency of the U.S. transportation system is one the most important challenges facing our nation, and this legislation is the latest and most tangible example of it,” said
The Progressive Automotive X PRIZE is offering a
Last month, the competition announced a list of 111 Registered Teams, comprising 136 vehicles and 14 different fuel types which intend to compete for their share of the prize purse.
“The need to dramatically improve vehicle technology and diversify the fuels that feed our transportation system is more important than ever,” added Lindsay. “Many of the proposed fuels in our competition have a renewable component and we expect most of our vehicles to use electricity to supplement consumable renewable-based fuels like E85, E10, B20 biodiesel and natural gas. Through this competition, we will stimulate innovation and show that the targeted fuel efficiency standards are possible in the near term.”
The Progressive Automotive X PRIZE has received Resolutions of Support from both the U.S. House of Representatives and the U.S. Senate, as well as personal support from bipartisan politicians, including Gov.
About the X PRIZE Foundation:
The X PRIZE Foundation is an educational nonprofit prize institute whose mission is to create radical breakthroughs for the benefit of humanity. In 2004, the Foundation captured world headlines when
Progressive, founded in 1937, is one of the country’s largest auto insurance groups and a leading insurer of motorcycles, recreation vehicles, boats, and commercial vehicles. The Company offers competitive rates and innovative products and services that meet drivers’ needs throughout their lifetimes as well as 24/7 online and in-person customer and claims service.
One of Progressive’s Core Values is Excellence. To the Company’s more than 27,000 people, it simply means seeking constant improvement. Over time, this has meant introducing revolutionary ideas that make car insurance easier to shop for, buy and use. It’s this same innovative spirit that’s behind the Company’s sponsorship of the Progressive Automotive X PRIZE. The Progressive Automotive X PRIZE will inspire innovation that will produce more fuel efficient vehicle choices, helping to make a difference in people’s lives.
Progressive’s products and services are available locally through more than 30,000 independent insurance agencies in the U.S., online at http://www.progressive.com and by phone at 1-800-PROGRESSIVE (1-800-776-4737).
SOURCE X PRIZE Foundation