Cincinnati, Ohio – Advanced Mechanical Products (AMP) has announced its AMP Electric Car has been accepted into the Progressive Insurance Automotive X PRIZE, a competition designed to inspire the production of viable super fuel-efficient vehicles.
“We are very excited about being accepted into the Progressive Automotive X PRIZE competition,” said CEO Steve Burns. “The AMP Electric Car we will be driving is an electric conversion of the GM Saturn Sky. Because it is a conversion, we feel the AMP methodology is the fastest way to put high-quality, safe, 100 per cent electric cars on America’s streets. It’s an affordable, American-made, real car.”
More than 40 teams have been accepted as registered contenders, and an additional 100 teams have signed letters of intent. The $10 million prize purse, funded by Progressive, will be awarded to those who can design and build production-capable vehicles, with an equivalent of 100 miles per gallon, that people will want to buy and that meet market needs for price, size, capability, safety and performance.
Those who pass the first round of qualification, as AMP Electric Car now has, will move into the next phase of competition, which includes a rigorous, long-distance stage race competition. The winners will be announced in 2010.