Old petrolhead goes electric with Formula E
The joke stops there, however. The 43-year-old chief executive has silenced the doubters who only two years ago were questioning whether he could turn his âFormula Eâ plans into reality and next week he hopes to show he is on to a winner.
The first race, or âePrixâ, will be held in Beijing on Sept 13, sanctioned by the International Automobile Federation and broadcast around the world, and Agag is smiling at how perceptions have changed.
âMany people thought this (series) was not going to happen because it was a really difficult project to put together. There were no cars, no cities, no sponsors, no television,â the Spaniard said in an interview.
âNow people have seen the testing, theyâve seen the cars, they can walk in the Olympic Park in Beijing and see all the fences and walls so the race is happening. So that really changes the minds of people.â
If Formula One remains in a league of its own, with the glamour of Ferrari coupled with the allure of tracks like Monaco and Monza, Agag has a different audience in mind â one that is younger and more interested in social media than motorsport.
âWe have one thing in which we are the best. We are the cleanest,â said the chief executive.
âAnd for the world today, thatâs probably the most important thing.
âThe world is changing and the world is not any more so concerned about the fastest or the noisiest. But it is concerned about who is doing things that are better for the environment. And in that Formula E is unbeatable.â
Agag is used to comparisons being made with Formula One, even if Formula E will race in city centres, over shorter distances and with very different cars.
The Spaniard is in any case perfectly placed to deal with them, having been involved in both.
As well as a longstanding involvement in Formula One feeder series GP2, he was a business partner at London football club Queens Park Rangers with F1 supremo Bernie Ecclestone and former Renault team boss Flavio Briatore.
âWe are big fans of Formula One and whoever tries to compete with Formula One will fail,â said Agag.
âFrom Fangio to Fittipaldi to Senna to Schumacher to famous race tracks, the glory and the drama â all that Formula One has behind it is so important for motorsport that itâs impossible to fight with that.
âWhat we try to build is something complementary, which may be smaller, and at the beginning we are modest and know who we are, but we think we have something very important.â
Agag said next weekâs race would be a âtransforming momentâ for Formula E with the press room already having to be enlarged from a planned 300 capacity after a rush of accreditation requests from a curious media.
The series hopes to break even in year one, with some big corporate partners already on board and a range of broadcasters that includes Sky Germany and ITV, and has a clear sense of direction.
All ePrix âweekendsâ shoehorn practice, qualifying and the race into one day, and drivers must switch cars at the sole mandatory pitstop because of the limitations of battery technology.
Maximum speeds will be about 225kph, compared to the 340kph likely to be reached by Formula One cars at Monza this weekend, and the series will end in Britain next June.
âWe started the project focusing on China and the US as the two main markets for the development of electric cars in the future,â said Agag. âWe thought there was a window of opportunity there for Formula E to grow.
âChina I think symbolises very well what we want to show, that electric cars are the solution for pollution in cities... to show these cars in action in Beijing sends a strong message of what we want to achieve.â
Formula One, which has a grand prix in Shanghai, has also been re-positioning itself to project a greener image.
It switched this season from the old howling V8 engines to much quieter hybrid V6 turbos with energy recovery systems and an increasing focus on battery technology in line with automotive industry priorities.
However the changes were not welcomed by all, with the lack of noise bemoaned by some fans for whom the ear-splitting roar of a normally aspirated V8 was the big draw.
Those fans may well dismiss the electric racing, where the noise comes largely from trackside DJs and sound systems rather than the cars, but the two worlds are already overlapping and could converge further in future.
Renault are active in both while McLaren provided the powertrain and electronics for Formula E cars and Williams the batteries.
Many of the drivers are also familiar to F1 fans, with Alain Prostâs son Nicolas and Ayrton Sennaâs nephew Bruno among them.
Formula E also has women racers and teams backed by the likes of Hollywood actor Leonardo DiCaprio and British entrepreneur Richard Branson.
But in other areas the championships are worlds apart.
âI think we have the most aggressive social media strategy of any sport at the moment. No sport allows the public to have a direct effect on the result of the sport as we do,â said Agag.
âFans vote and the car gets more energy. We will be the most digitally open championship in the world,â he added, referring to a âFanboostâ feature which allows fans to vote online for an extra speed boost for the driver with most support.

