The electric-powered Formula E Championship has taken a step closer to reality, with the FIA announcing that the commercial rights have been licensed to Formula E Holdings, an international consortium of investors. It’s hoped that ten teams of two drivers each will be attracted to the inaugural season, which is scheduled to take place in 2014. Ahead of that, next year should see some demonstration runs of the new single-seat cars. Rather than using traditional race tracks, the intention is to run the races on city-centre courses wherever possible. Rio de Janeiro in Brazil is the first venue to confirm its intention to host an event, using an as yet un-built circuit near to the Gloria Marina. Commenting on these latest developments, FIA President Jean Todt said: “This new competition at the heart of major cities is certain to attract a new audience. We are pleased with this agreement with Formula E Holdings as they bring a very strong experience in motor sport. “This spectacular...