With Italy's long history in motorsports as a backdrop, Formula E Holdings is organizing the 10 races that are scheduled for the first year and will put on the race in Rome in 2014. On-the-street demonstrations will start next year.
Formula E Holdings' has generated some momentum in this, the first-ever all-electric circuit. In August, Formula E signed up Rio de Janeiro as the first host of its 2014 races. And last month, Formula E said it will bring in McLaren Electronic Systems to design and produce the cars' powertrains. The cars will be an advanced version of the Formulec EF01 electric-racing prototype unveiled at the 2010 Paris Motor Show. That car used two Siemens motors to propel it from 0-60 mph in three seconds and reach a 155-mile-per-hour top speed. Teaser videos available below.