Formula E marks 12 years as EV testbed, backed by B Corp status
Formula E CEO Jeff Dodds reflects on the racing series' evolution from a fledgling 2014 championship, where cars needed mid-race swaps to finish, into a global motorsport with vehicles exceeding 200 mph. Dodds, a former Volvo and Honda motorsport executive, frames Formula E as both a competitive sport and a real-world laboratory for electric vehicle technology, noting it remains the only sport certified as a B Corporation.
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Formula E's growth tracks the broader EV market's maturation, from roughly 300,000 vehicles sold worldwide at its 2014 launch to a projected 22 million this year and up to 40 million by 2030. By using competitive racing to stress-test battery and motor technology, the series positions itself as a proving ground that could influence consumer EV performance and adoption rates industry-wide.
- Formula E launched in 2014 when EVs were rare and unreliable, requiring car swaps mid-race.
- The series holds the distinction of being the first sport certified as a B Corporation.
- Global EV sales are projected to rise from 22 million this year to as many as 40 million by 2030, per BloombergNEF.
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Published there as: “Why The Future of Electric Vehicles Is Being Built on the Racetrack”
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