We have withdrawn Lincvolt from the X-Prize because of the conflict between providing the energy and resources required to develop a viable business plan for the Lincvolt technology, a requirement for X-Prize contestants, versus providing the resources and time required to focus on our main goal.Unlike another recent drop-out, HP2G, The Goodwin-Young Lincvolt Team was one of the X Prize's registered entrants. The X Prize's Carrie Fox told AutoblogGreen that, when the teams were required to turn in their business plans recently, Goodwin-Young realized their plates were too full with projects (including Young's music) to fully participate. "They remain a big supporter of the X Prize," she said, adding that she expect them to stay involved in some way. Thanks to Jay for the tip!
The development of Lincvolt technology is ongoing. We have always been in a race against Time, not a race against other contestants to win a cash prize.
The Goodwin Young team thanks the X-Prize for the valuable support they provided during the last year. Good luck to all of the contestants!