We told you February that Toyota's racing series would use ethanol in 2007 and now we have a video of the first race from TV3, where they describe it as a world's first in motor sport. Toyota currently does not sell a flex fuel vehicle in the US market but they may sell flex fuel vehicles in the next several years. It may cost car makers as little as $100 to make a car flex fuel, and most cars are already built to tolerate ten percent ethanol blends in gasoline and Toyota does sell flex fuel vehicles in Brazil, so it's probably not a technology or cost issue. Why the wait, Toyota?

Related: [Source: YouTube]

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