Car racing is a popular sport around the world and it used to be a great testing bed for new, more efficient, technology used in internal combustion engines. Today, the technological improvements seem to be more on material science rather than fuel efficiency (most racing leagues still allow leaded gasoline).
Formula Eâ€™s intent is to show how exciting electric vehicles can be as they race around inner city street courses. Ten cities are being lined up for the stage races in 2014 â€“ with nine announced so far: London, Rome, Los Angeles, Miami, Beijing, Buenos Aires, Rio de Janerio, Bangkok and Putrajaya, Kuala Lumpur.
Formula E has the backing of the FIA (FÃ©dÃ©ration Internationale de lâ€™Automobile) â€“ motor racingâ€™s global governing body, which also oversees Formula One.
Landing Renault is significant. Renault is the engine supplier and a big sponsor of Red Bull Racing and a former F1 champion itself. Renault has also invested more in all-electric cars than any other manufacturer and believes Formula E will give it a global marketing opportunity to show off the performance and safety of electric cars.