Story highlights Richard Branson backs electric car advance

Formula E "pushing technology forward"

Branson says sport can be bigger than F1

London (CNN) A world in which all cars run on electricity is not such a distant reality, Virgin boss Richard Branson believes -- thanks to the work done by Formula E.

British entrepreneur Branson has been involved in the motorsport series from an early stage, with his DS Virgin Racing team competing in its first two seasons.

Formula E was introduced in 2014 to help attract a new audience to motorsport and to also help develop electric vehicle technology going forward -- an area in which Branson feels clear progress is being made.

"Formula E is pushing the boundaries forward into what will be the future," Branson told CNN's Supercharged show at the recent London ePrix in Battersea Park. "Fifteen years from now, I suspect every car on the road will be electric.

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"What we're doing with these race cars is pushing the technology forward so that road cars one day will be able to go hundreds of miles without having to recharge their batteries."

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