I cannot decide whether X-prize idea is interesting or silly. On one hand, I would love to see the CalCars initiative be awarded $10 million. On the other hand, any automobile company could easily do what they are doing, and if automobile companies will not take part in this R&D effort nothing will come of it. $10 million is nothing to an auto company; the initial $10 million down-payment is not what is stopping the development of plug-in hybrids. Any company other than Toyota or Honda would have to pay hundreds of millions if not billions to begin manufacturing real hybrid cars (plug-in or gasoline only).

I think direct grants of $10 million to many researchers working on plug-in hybrids and cold fusion would be better than a single prize. If we insist on a prize that you get only after you succeed, cold fusion will probably never emerge from the laboratory. It seems unlikely to me that a single researcher will develop cold fusion into a practical source of energy at this stage. What we need are many different researchers each pushing the development along in different ways. Progress, not perfection.

Incidentally, people are not buying fake hybrids. People are smarter than automobile execs think they are. See:

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2006/05/25/BUGK8J1JK11.DTL

Quotes:

Honda sold 2,023 Accord Hybrids in April 2005 and only 614 in April 2006, according to Rosten.

The Toyota Highlander Hybrid sport utility vehicle met a similar fate. It gets 22 mpg on average, compared to 19 mpg for the standard Toyota Highlander, according to Consumer Reports. Yet the sticker price on the hybrid version is $39,895 compared with $32,465 for the non-hybrid Highlander. . . .


- Jed


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