billionaire entrepreneur richard branson's virgin group may take on tesla motors and other companies in developing electric cars branson, whose empire ranges from airlines to music stores, mobile phones and spaceships, said electric cars may be next 'we have teams of people working on electric cars,' branson told bloomberg tv in miami where his virgin racing team competed in the all electric formula e race that involves battery powered cars scroll down for video  richard branson runs a two car team in the formula e contest   and hinted the firm may use the races to develop an electric car to take on tesla 'so you never know, you may find virgin competing with the tesla in the car business as we do in the space business 'we will see what happens' branson's virgin galactic is a commercial spaceflight company that competes with spacex, which was founded by tesla ceo elon musk 'we are working with the virgin formula e team to develop the plan for next season's cars,' virgin group spokesman nick fox told reuters 'our aim is to build a leading engine and car for next season 'maybe ultimately that could be used in the broader car market in the future' in addition to tesla, most of the world's automakers sell or are developing electric cars the virgin firm could take on elon musk's tesla electric car firm, according to branson there are also signs apple may be working on an electric car and google is developing a car that can drive itself however, broader acceptance of electric cars has been held back by the premium consumers must pay for the technology and fears about the driving range of an all electric vehicle branson told bloomberg tv, 'tesla is as sexy as any other car on the road today' the streets snaking through  downtown miami's high rises will be buzzing this saturday as  commuters make way for dart shaped racing cars zooming by at  breakneck speeds   and little noise the race drivers will be competing in the first formula e  race in the united states since the all electric series was  launched in beijing in september 2014 halfway through its inaugural season, formula e has offered  the same, albeit quieter, thrills as the popular formula one  events, with low slung, opened wheeled cars capable of speeds up  to 136 miles per hour (220 kilometers per hour) the beijing race ended with a spectacular crash that sent  one of the $500,000 renault sa cars flying danger and adrenaline are not all that you find on the  track, however 'it's really something to see how racing has evolved to  fully electric motors it could revolutionize racing and  transportation in general,' said daniel fernandez, 17, who  bought tickets with several high school friends to attend the  race, which is expected to attract more than 50,000 spectators the series was launched by jean todt, a french racing icon  and former ferrari chief executive who heads of the federation  internationale de l'automobile (fia) that oversees formula one it is backed by environmentalist and actor leonardo dicaprio  and entrepreneur richard branson, whose virgin group sponsors a  two car team developing a so called green racing series has meant  overhauling how the races are run car batteries cannot be  charged mid race, forcing drivers at some point to rush into a  second, fully charged car the cars give off a high pitched whistling sound, a bit like  a dentist's drill drivers also must carefully manage their power, a challenge  for race cars with a limited battery life 'we have a target (power) consumption per lap and we need to  respect that like the bible,' said jaime alguersuari, a  24 year old spanish driver with virgin 'you want to win, but if  you burn up all your energy you won't finish'
branson's virgin racing formula e series
branson's virgin racing team competes all electric formula e series . said the technology in race cars could be used to create a road going car 