Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

Electric race car officially unveiled by New Formula E championship series

Tuesday, January 07, 2014 - 01:36

Jan.7-New car designed to dispel idea that electric cars can't match the speed of conventional vehicles. Jennifer Davis reports.

▲ Hide Transcript

View Transcript

If you think an electric car won't have the speed of one powered by gasoline - the new FIA Formula E electric race car may change your mind. The fully electric race car made its debut Monday, taking a high speed spin on the Las Vegas Strip near the Mandalay Bay Resort without any exhaust pouring into the crowd of spectators. (SOUNDBITE) ALEJANDRO AGAG, CEO OF FORMULA E, SAYING: "Formula E wants to have more electric cars in cities around the world. We want to promote electric cars, to change the perception of electric cars, and to show them racing. We think it's going to change that perception." The race car can go more than 150 mph, and the former Formula 1 driver behind the wheel during this demo, says it drives impressively. (SOUNDBITE) LUCAS DI GRASSI, FORMER FORMULA 1 DRIVER & FORMULA E AMBASSADOR, SAYING: "Even if the horsepower is not as high as a combustion car, it is much more precise." The car will be part of the new championship for electric cars set to begin in September and involve races around the globe in places like Los Angeles, Beijing and London. Drivers will have to switch cars during the one-hour races so their batteries, which last up to 25 minutes, can recharge (SOUNDBITE) ALEJANDRO AGAG, CEO OF FORMULA E, SAYING: "You need a battery that can get the energy out in a very short period of time. That's very challenging, technology-wise. We were able to produce this battery, and advancing batteries will be the ones that will trickle down to road cars." Last month, actor Leonardo DiCaprio announced he will be co-founding a team in the environmentally friendly championship.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Electric race car officially unveiled by New Formula E championship series

Tuesday, January 07, 2014 - 01:36

Most Popular »

Retirement »

Back to work- in retirement Back to work- in retirement

Wed, Oct 15, 2014 - (2:09)

Investing 201 »

Bond investors brace for the end of Fed stimulus Bond investors brace for the end of Fed...

Fri, Oct 10, 2014 - (4:03)

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

Money Clip »

Will Apple Pay transform mobile payments? Will Apple Pay transform mobile payments?

Thu, Oct 16, 2014 - (2:45)

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Dance of the northern lights Dance of the northern lights

Mon, Oct 20, 2014 - (1:08)

Images of September Images of September

Wed, Oct 01, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)