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

Will data centres save the wind industry or kill our climate targets? Or could they do both?

Data centres might be a saviour for stranded renewable projects, but could still blow our…

23 July 2026

Solar waste smuggling: The PV recycling problem kicking the industry while it’s down

Exports are still "the biggest threat" to solar recycling feedstock supplies, without a stewardship scheme…

23 July 2026

CEFC names new CEO to lead federal green bank through “decisive decade” of energy transition

The federal government's green bank has named the new CEO, to take the reins at…

23 July 2026

Solar Insiders Podcast: Panel recycling at the precipice

James Petesic from PV Industries on the struggle to stay afloat with the federal PV…

23 July 2026

CIS shows how energy policy can deliver for First Nations. ESEM can build on this progress

The ESEM is expected to become Australia's enduring energy investment framework. Like the CIS, its…

23 July 2026

“A question of trust:” Net zero chief slams state for falling short on targets despite a lot of talk

Net Zero Commission says Australia's biggest state economy is falling well short of targets, despite…

23 July 2026