Wednesday, 10 january 2018, 07:09 , by Matthew Scott
Formula E founder Alejandro Agag has claimed that FE will be the only game in town in around 20 years time as it is his belief the whole world will be reliant on electricity, never mind motorsport, while revealing the growth of the sport has went beyond expectations.
The all-electrical motorsport has grew in popularity significantly over the past 12 months and recently secured a $15 million-per-year deal with ABB to be their title sponsor.
Agag is excited about the future, and believes Formula E will be the only motorsport around in the future due to fossil duel issues.
"I think Formula E is going to get really, really big," Agag predicted.
"I believe that in 20, 30, 40 years, we will be the only motorsport out there.
"There may be others but we will be probably the main motorsport because the world will be electric. If the world is not electric in 20 or 30 years, we are in trouble.
"Even if that happens, then Formula E will be the championship of the cars."
Sir Richard Branson, who now owns a Formula E team after previously owning a F1 team, claimed that FE would surpass the popularity of the older sport by the end of the decade. Agag appreciated the comments from the billionaire, but insisted they are not competing with F1, yet.
"I never disagree with Richard Branson," Agag insisted "He's a very clever man and he gets it right most of the time.
"[But] we never like to put ourselves in competition with Formula 1. We love Formula 1, we think Formula 1 is great."
Agag was speaking to ESPN at an event in London for the launch of the new title sponsorship with ABB. This comes in addition to lucrative sponsorship deals with Visa, Julius Baer, Allianz, and Hugo Boss.
The FE founder claimed that the sport had went beyond expectations so far in terms of growth.
"We are far beyond our expectations from when we launched the project," Agag said. "I have been surprised.
"The title sponsorship" is another huge step. We wouldn't have imagined this when we started the project.
"We keep getting good surprises, so I think that probably means that we are moving in the right direction."