Mr. Speaker, on June 21, 2004, Space Ship One became the first privately funded craft to take a person into space. Space Ship One flew again on September 29, 2004, and on October 4, 2004, and upon successful completion of these flights, Mojave Aerospace Ventures, the developers of Space Ship One, captured the $10 million Ansari X PRIZE. Just as important as Space Ship One's historic flights, the competition for the X PRIZE spurred the creation of a private spaceflight industry in this country. It is with this past success in mind that I rise to speak in support of the new Automotive X PRIZE. This new prize will award a multimillion-dollar prize to teams that can design, build and demonstrate production-capable vehicles that achieve 100 miles per gallon or its equivalent. With the current price of oil hovering around $100 per barrel, it is more important than ever that our country develops technologies that increase the efficiencies of our automobiles. To this end, I was pleased to support H.R. 6, which significantly raised CAFE standards, and would do much to increase the efficiency of American automobiles. However, the government does not hold a monopoly on innovation. Many of the great discoveries of our time were accomplished by private individuals and companies.
Editor's note · Context
Discussing the importance of private innovation and supporting the Automotive X PRIZE.
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