The electric KERS system for Formula 1 may prove to ignite a new wave of motorsports (Photo by Mark Thompson/Getty Images)

In late August the FIA announced a new championship series to be powered by 100% electric energy.  Called Formula E, it aims to demonstrate the need for alternatively-powered cars, an idea that has become the motor industry’s collective vision for automobiles of the future.  The series promoter, Formula E Holdings (FEH), is a conglomerate of entrepreneurs, former racing bosses, and other auto industry professionals.