Branson said he believes that the introduction of new manufacturers in Formula E next year will push development of electric road cars.
"We spend a lot of time these days looking to a world that is carbon neutral by 2050 and unless you have sports like Formula E we will never get there. It's a tremendously exciting aim and Formula E will pioneer technology which will be used on normal road cars," Branson, whose Virgin Group sponsors a two-car team in the inaugural FIA Formula E Championship, told reporters after the Miami ePrix yesterday.
Following the announcement of eight new manufacturers in Formula E next season, Branson said he is looking forward to the technical battle which faces Virgin Racing Engineering.
On how far the technology will advance, he said: "I don't know, that's the exciting thing about new technology. Every team next year will be working hard to beat each other and all that man power, finance and energy will produce breakthroughs and make a big difference to normal battery driven cars.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
