Is Virgin about to take on Tesla and enter EV market?

Published by

PV Magazine

Sir Richard Branson has hinted he could enter the EV market. Richard Burdett/Wikimedia

Serial entrepreneur Sir Richard Branson has dropped a tantalizing hint he may be about to stamp his ubiquitous Virgin brand on the electric vehicle (EV) market.

Sir Richard was cornered by Bloomberg in Miami this week as his Virgin Racing team competed in the all-electric Formula E motorsports series and hinted he may set up as an EV rival to Tesla.

A report run by Bloomberg.com yesterday (Thursday) quoted Sir Richard as saying: “We have teams of people working on electric cars so you never know know, you may find Virgin competing with Tesla in the car business as we do in the space business. We will see what happens.”

The British billionaire showcased his support for renewable energy last year when he signed off on a deal with NRG Energy to install a renewable energy microgrid to power the Necker Island which he owns in the British Virgin Islands chain, in the Caribbean.

Source: PV Magazine. Reproduced with permission.

Share
Published by

Recent Posts

Cows and cyclones: New push to design solar farms for cattle and climate, but is Australia ready?

Companies are looking again at how to put more farmland under solar without disrupting operations…

5 November 2026

Data centre probe prompts call for tighter renewable energy requirements in coal state

A NSW parliamentary inquiry has recommended the government require data centres to supply their own…

5 November 2026

Low-cost green hydrogen hopeful lands fresh grant to build pilot at site of proposed offshore wind hub

Green hydrogen CSIRO spin-off wins new grant funding to build fourth pilot plant, this time…

5 November 2026

The rise and fall of the LGC market and the data centre policy decision that will determine its fate

A seemingly niche decision around data centre standards will determine whether LGC prices retain some…

5 November 2026

Huge wind and battery project avoids turbine cuts and name change to win state approval for the West

Developer dodges having to cut 18 turbines from its 750 MW wind plans and change…

5 November 2026

State tightens reins on home energy saver loans after signing up 15,000 households in just 5 months

Energy efficiency is so hot right now. After signing up more than 15,000 households to…

5 November 2026