Newcastle Council will consider an idea to host a high performance electric vehicle race during the Newcastle 500 event, to make use of the track and associated spectator facilities.
Labor councillors will move a Notice of Motion at tonight's council meeting.
It follows London's move to host Formula E in its CBD with the introduction of the ePrix.
Formula E cars are electric-powered and relatively quiet.
An average car has a power of at least 250 horsepower and can accelerate from 0-100 km/h in 3 seconds with a top speed of 225 km/h.
"Newcastle is an emerging global city, building on our successes as a leader in scientific research and smart energy." Lord Mayor Cr Nuatali Nelmes
"Council has been exploring opportunities to embrace the deployment of electric and autonomous vehicles in our region as a trial site. The smart sensors that will be delivered by Council through the Hunter Infrastructure Project in collaboration with the University and industry partners will establish Newcastle as the Asia-Pacific's premier living lab, opening the opportunity for new research and innovation"
"The Newcastle 500 event provides a huge opportunity to showcase our city, and its emerging industries including with high performance electric vehicles" Cr Declan Clausen said.
"One of the world's oldest and most historic cities, London, has given the green light to Formula E racing in its historic centre.
"Newcastle has the opportunity to build a similar reputation here in the Asia-Pacific.
"I'm calling for a 'Supercars E' event to be explored alongside other races as part the Newcastle 500 in 2017 and future years".