A model of the winning design was built by the Peugeot Styling Centre and unveiled at the Frankfurt Motor Show.
These 30 entries are placed on the competition's website and are voted on by visitors to the site and selected industry and press figures.
In the 2008-2009 contest, the prize structure will be as follows: The winner of the 2000-2001 competition was Moonster by Marko Lukovic.
It features a wheel-level engine with a raised central compartment capable of seating two people.
Flux is meant to symbolise "the continuous change and flow of our daily lives during work and play" - to this end, the car contains an integrated Xbox 360 console.