Dodds, who was appointed CEO six months ago, said he intends to "turn up the noise level" of the sport by focusing on marketing, public relations and media outreach efforts.

He noted that Formula E recently inked deals with streaming service Roku TV and American network CBS to expand the championship's audience reach.

A deal with a media partner in China will be announced in the coming weeks, he added.

Choosing the right race locations is another priority for Formula E as it seeks to expand its global appeal. Dodds indicated that China and the US will be pivotal in this regard.

"We want to race in the most important places in the world," he said.

"I would love us to be racing more than once a year in China. North America is also incredibly important, given the size of that market and the passion in that market for motor sports."

Both Dodds and Hui suggested Formula E should be considered the future of motor sports, noting that the growing awareness of sustainability issues and the fact that electric vehicles are becoming increasingly commonplace on the roads would all play a part in propelling the sport forward.

Dodds pointed out that about 10.5 million electric vehicles were sold in 2022, a huge increase from the 300,000 sold in 2014, and that those numbers are expected to continue to grow annually.

"What this could mean is that our power unit will become more and more relevant while the combustion engine will become less and less relevant to people. I'm very confident that our sport will continue to grow and get bigger and better and more exciting," he said.

"My kids think that electric cars are completely cool. They think electric vehicles are the most normal things in the world. When they're ready to drive, they won't be driving a combustion-engine car — they'll be driving an electric vehicle."

Hui echoed those sentiments, noting that electric cars can be just as powerful as petrol-powered ones.

"In the past, petrol heads used to think that electric cars were a joke. Today, they are learning that electric cars can perform amazingly well. Many Chinese EV makers have been producing powerful 1,000-horsepower cars and this too has been helping to change perceptions and getting more people interested in all-electric races," Hui added.

Looking ahead to the future, Dodds said that Formula E will continue to augment the capabilities of electric race cars so that they can achieve even greater speeds, revealing that fans can look forward to new modifications for the 2024-25 season.

Although next year's race in Shanghai will take place on a track circuit, Dodds did not rule out the possibility of holding a street race, ideally around the city's iconic Bund area.

"Street racing is in Formula E's DNA. But we also want to hold races on tracks because this allows us to show just how fast the cars can go," he said.

"We recently saw an incredible Formula 1 street race in Las Vegas. What this shows is that nothing is impossible.

"Having a race along the Bund would be amazing. I would love to do it. If the local government is interested in talking to us about putting on a race like that, we're all ears."