Ferrari President Sergio Marchionne has revealed he has considered taking the famous marque into the FIA Formula E Championship.

The pioneering all-electric series, which has just begun its third season, has grown rapidly since its inaugural 2014-15 campaign, with high profile interest from a number of manufacturers.

With Renault, DS Citroen, Mahindra and now Jaguar competing in a factory capacity, the series will be bolstered further next year by entries from Audi and potentially BMW. Mercedes has also expressed an interest in entering.

Speaking during a teleconference following the announcement of Ferrari's Q3 earnings, Marchionne revealed the idea of entering Formula E has indeed been discussed.

However, he stressed it could only occur under certain conditions, saying the current format of changing cars mid-race doesn't appeal. Furthermore, though there are plans to modernise the batteries so that cars will run flag-to-flag, Ferrari is unlikely to do so using technology supplied by McLaren Advanced Technologies after it won the tender to supply in 2017-2019

"The answer is yes [it has been discussed. "I have agonised over with this with my colleagues here in Ferrari for quite a while.

"I'm going to give you two answers to the problem. If Formula E requires people to change cars during a race because we exhaust the power available within a given car, that is not something that Ferrari would naturally gravitate to.

"Secondly, the standardisation associated with the electric car is something which runs against the grain of Ferrari because otherwise it will prevent [Ferrari] from playing whatever it is that it does technically on a vehicle."

"If it were to happen it would happen a few years from now. It is possible that [after] some level of maturity that Ferrari would develop a unique set of skills that will make that car uniquely Ferrari, in an environment like that, but I know we are not there today."

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