FIA president Jean Todt signs agreement to launch series in 2014 . Electric car competition will be focused on city-center tracks . The first race is scheduled for March at the Circuit de Catalunya near Barcelona, Spain. The Formula E series has been backed by Jean Todt , president of motorsport 's world governing body the Federation Internationale del'Automobile ( FIA ) . Todt says new series will attract a `` younger audience '' to motorsport .
FIA president Jean Todt signs agreement to launch series in 2014 . Electric car competition will be focused on city-center tracks . The first race is scheduled for March at the Circuit de Catalunya near Barcelona, Spain. Todt says new series will attract a `` younger audience '' to motorsport .