Mitsubishi says it wants in on an electric championship after FIA president Jean Todt recently revealed he'd been asked by the EU to set up world championships for electric cars.
The FIA wants to hold electric support races during F1 weekends as early as 2013 to raise the profile of environmentally-friendly technology.
Mitsubishi has withdrawn from rallying and high-profile activities like the Dakar race and is uncertain what to do about replacing its iconic Evo model.
The Japanese company is apparently keen to reinvent itself as a specialist in electric technology and sees electric racing as a good way to begin that process.
Company president Osamu Masuko said: "Our employees are saying that we should definitely do it. The development costs for electric vehicles seem much lower than for gasoline cars and it would also contribute to the technological development of cars that are already on the market.
"I'm said to be unenthusiastic about motor sports but with electric vehicles, I want to promote them," he added.
FIA president Jean Todt has admitted it will be a struggle to win over existing teams in F1 circles to the idea of electric-powered racing cars, but he has already established a group to look at the matter.
Todt has made clear he will be aiming at manufacturers to convince them the moves would help their own efforts to develop electric technology.