Ferrari has an 'open invitation' to join electric motor racing, Formula E chief says

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Ferrari has an 'open invitation' to join electric motor racing, Formula E chief says
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The Italian luxury car brand is set to unleash its debut range of hybrid supercar models by the end of 2019, prompting speculation that it might decide to showcase its electric technology on the race track.

The boss of Formula E, the electric-powered racing series that first launched in 2014, told CNBC that he would be open to the idea of adding a Ferrari car to its start line."I would love Ferrari to come, especially with Porsche and all the others here, it would be a great fight. You know let's see. It's an open invitation," Formula E Chairman Alejandro Agag said to CNBC last week.

Manufacturers have been using Formula E to showcase their green credentials and team overheads are reportedly far cheaper than in Formula One. Races are generally more competitive as well with a greater spread of winning drivers. But there is a speed cost for motor sport fans with Formula E cars being around 25% slower than their non-green rivals.

"Obviously I would welcome Bernie as an investor anytime, but we're not there yet," said Agag."I think in general there can be very rapid growth in front of Formula E, but also simply because we are a lot smaller. So we have a lot more room to grow, because Formula One is bigger." "We can adopt crazy ideas that other sports can't, because they have all this past heritage. We can risk fumbles." explained Agag.

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