The idea of an all-electric racing championship used to sound like science fiction, and in its debut season, Formula E’s cars needed a mid-race swap just to make it to the checkered flag.
“12 years ago, if someone said we’re going to create an all-electric racing championship, people might have thought you were absolutely crazy,” says Jeff Dodds, CEO of Formula E.
At the time, just 300,000 electric vehicles were sold worldwide and, according to Dodds, “they weren’t very good.”
“In our first season, we needed to have two cars to finish a race, because the battery wouldn’t last long enough,” he recalls.
Today, the technology has improved dramatically. Around 22 million EVs are expected to be sold this year, with BloombergNEF forecasting that figure could reach 35-40 million annually by 2030.
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