Formula E boss Agag eyes F1-style growth in China, says US has left EV door open
Formula E founder Alejandro Agag believes China could host four rounds of motorsport series featuring electric vehicles
Formula E could expand to four rounds in China as the all-electric championship chases growth in the world’s biggest market for electric vehicles, according to series founder and chairman Alejandro Agag.
The Spaniard said China, compared to the United States where President Donald Trump’s administration has scaled back a number of EV incentives, represented a huge opportunity.
Agag, who has recently taken on a role as strategic adviser to the Motorsport Network media group, said Trump was “really giving the space to China and China is only too happy to take it”.
“I was in China for the Shanghai Formula E race and every car I saw on the road was electric,” he added.
The series’ boss believes Formula E should follow Formula One’s successful North American expansion playbook – with the elite series now boasting three US rounds – but with the focus on China.
“Formula One should have a massive focus in China,” he said. “I think Formula E could have four races in China. I think it would be fully sustainable to have four races in China … and I think it will be much closer to the reality of the car market in China.”