Richard Branson says Virgin is working on electric cars

Fortune

Billionaire entrepreneur Richard Branson’s Virgin Group may take on Tesla Motors [fortune-stock symbol=”TSLA”] and other companies in developing electric cars, Bloomberg reported on Thursday.

Branson, whose empire ranges from airlines to music stores, mobile phones and spaceships, said electric cars may be next.

“We have teams of people working on electric cars,” Branson told Bloomberg TV in Miami where his Virgin Racing team competed in the all-electric Formula E race that involves battery-powered cars. “So you never know, you may find Virgin competing with the Tesla in the car business as we do in the space business. We will see what happens.”
[fortune-brightcove videoid=4101244943001]

Branson’s Virgin Galactic is a commercial spaceflight company that competes with SpaceX, which was founded by Tesla CEO Elon Musk.

Virgin group spokesman Nick Fox declined to comment.

In addition to Tesla, most of the world’s automakers sell or are developing electric cars. There are also…

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