Progressive Insurance Sponsors $10M X-Prize for Fuel Efficient Vehicle
By Dee-Ann Durbin | March 21, 2008
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Hopefully it will not be a waste of money and some ideas will be actually used by the auto industry!
I haven’t been a cheerleader for Progressive in the past but I applaud their efforts. Obama’s wants to spend 150 billion of the taxpayer’s money “Obama would reduce dependence on oil by plowing $150 billion over 10 years into “clean-energy” technologies like biofuels and plug-in hybrid cars.” I’m willing to bet the private sector, Prgressive in this case, will get better results than Obama will by promoting the scams that are biofuels and current hybrids.