$10 million. That is the prize that the winning team would get. And this team would have to create a green supercar which would be really fuel efficient. Aside from that, the team which would be taking home the $10 million prize would have to battle it out with over 60 teams.

This is the Automotive X Prize and it is organized by the X Prize Foundation.

With $10 million being such a huge amount, many teams have decided to be part of the competition. Electric car manufacturer Tesla Motors has joined the competition. This is going to be a really interesting competition.

According to Peter Diamandis, the head of the X Prize Foundation, they are looking for a green supercar which can be sold in the market as a mass production vehicle. The vehicle should also be able to speed up to a hundred miles per gallon of fuel.

If you can create a vehicle like that, then you certainly should join the competition. $10 million is $10 million and that vehicle you create is going to help the industry and the environment.