Virgin Formula E race car front three quarters right

Virgin may enter electric car market to take on Tesla

March 29, 2015

Following Apple the next big non-automotive company being reported to enter the electric car market is Virgin. Richard Branson, Founder and Chairman of Virgin Group, has shown interest in introducing electric cars in the future, suggests a report from Bloomberg.

Virgin Group made its first FIA Formula E, the F1 of battery-powered cars, appearance at Miami this week. The Virgin Formula E team is developing a plan for the next FIA Formula E season. It aims to build a “leading engine and car” that could eventually “be used in the broader car market in the future”, as per the report.

The group is well-known for the Virgin Galactic company which will provide space travel in the future. Just like Virgin Galactic, electric cars could be the group’s one such futuristic ambition. An interesting fact here is that Virgin Galactic competes with SpaceX, a space transport services company founded by Tesla CEO Elon Musk. Similarly, Richard Branson’s electric car would also imaginably compete with that of Elon Musk. Paying a compliment to the Tesla Model S while talking to Bloomberg, the Chairman said, “Tesla is as sexy as any other car on the road today.”

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