E-TRACER WINS PROGRESSIVE AUTOMOTIVE X PRIZE – POWERED BY AC PROPULSION’S ELECTRIC DRIVE SYSTEM
Spotlight Shines on AC Propulsion for High Performance Electric Drive System
AC Propulsion, a global leader in electric drive development, design and manufacturing, announced today the winner of the 2010 Progressive Insurance Automotive X PRIZE, Alternative Class (Tandem), the Peraves E-Tracer, is powered by AC Propulsion’s state-of-the-art electric drive system. The E-Tracer outlasted and outperformed more than 30 entries over the grueling four-month X PRIZE competition.
Widely known for the drive system technology powering the Tesla Roadster, MINI E and eBox electric vehicles, AC Propulsion added another winner to the list of vehicles using its tzerotm technology as the innovative E-Tracer ascended the podium to receive the coveted 2010 Progressive Insurance Automotive X PRIZE.
“The Peraves E-Tracer is a perfect match for our electric drive system,” said Tom Gage, AC Propulsion CEO. “Both the vehicle and our drive system excel in performance and efficiency and that is what it takes to compete successfully for the X PRIZE.”
The goal of the Progressive Insurance Automotive X PRIZE is to inspire a new generation of viable, super fuel-efficient vehicles that offer more consumer choices. Ten million dollars in prize money was awarded to the teams that won their class competition for clean, production-capable vehicles that exceed 100 miles per gallon energy equivalent (MPGe).
The Progressive Insurance Automotive X PRIZE puts added global focus on efficiency, safety, affordability, and the environment. It is about developing real, production-capable cars that consumers will want to buy, not science projects or concept cars. This progress is needed because today's oil consumption is unsustainable and automotive emissions significantly contribute to global warming and climate change.
About AC Propulsion:
AC Propulsion is a global leader in the development, design and manufacture of electric vehicle technology. AC Propulsion’s proprietary tzero™ technology is a complete solution for electric vehicles, and can be customized for every class of electric vehicle, from a sports car to an SUV to an 8-ton city bus. AC Propulsion is also a leader in the development of Vehicle to Grid (V2G)- capable vehicles, as well as the research and development of V2G technology. For further information, please visit www.acpropulsion.com, or 951-719-1040 or 310-392-1130