Team Betta Electrical

The team debuted at the 2003 Sandown 500. 2004 was Triple Eight's first full season in V8 Supercars. It was a disappointing year for all involved, with both cars dogged by mechanical problems. Paul Radisich came 19th in the championship, while Max Wilson finished a lowly 28th. The team's car speed, however, was certainly up with the front-runners for many weekends.

2005 saw a massive form reversal for Triple Eight. Craig Lowndes and Steve Ellery were signed as drivers and Stone Brothers Racing engineer Campbell Little joined the team. Lowndes in particular was a catalyst for change, which along with powerful and reliable Stone Brothers Racing sourced engines saw a massive improvement in the team's performance. Lowndes finished second in the championship, finishing the year strongly and narrowly missing out on snatching the title from Russell Ingall. Ellery came 13th. The year's highlights included a win for Lowndes and Yvan Muller at the Sandown 500 and a third placing for Ellery and Adam Macrow at the Bathurst 1000. Lowndes won a further three rounds and qualified on pole position four times (including Bathurst).

2006 saw a continuation of this strong form, with new recruit Jamie Whincup replacing Ellery, and making an instant impact in the form of a win at the Clipsal 500. Lowndes scored four round wins, including sharing victory at the Bathurst 1000 with Whincup.

Having led the championship to Round 11, Lowndes lost the series lead at the Symmons Plains weekend. Having seen a big chunk of his lead evaporate at the previous round on the Gold Coast following two penalties for dangerous driving approaching the starting grid, the pressure was on Lowndes to perform at the Tasmania event. Unfortunately for Lowndes, he was caught in a massive crash on the opening lap of the first race, forcing him to the rear of the grid for the next race. He recovered, but he lost the series lead to Rick Kelly, who took a handy 73-point lead. At the next round in Bahrain, Lowndes stormed back into contention as Kelly encountered problems of his own. The stage was set for a spectacular finale at Phillip Island, with the two contenders separated by just seven points.

Lowndes qualified on the third row of the grid, while Kelly was further back on the fifth row. However, Kelly fought back in the first race to be right on Lowndes' bumper at the conclusion of the race – Lowndes was fourth, Kelly fifth. In the second race, Lowndes came third while Kelly was fourth – again close behind. The points going into the final race of the year were tied. On the second lap of the final race, Kelly pushed Lowndes on the rear bumper while in the high-speed section between Turns 3 and 4, sending Lowndes into a spin, eventually cleaning out both Lowndes and Todd Kelly (Rick's older brother). Rick Kelly was given a drive-through penalty and finished 18th. Lowndes' car was extensively damaged and was only able to salvage 29th place. Rick Kelly had won the championship.

However, Lowndes and his Triple Eight team protested, claiming that Kelly had deliberately taken Lowndes out of the race. The stewards, after deliberation, dismissed the appeal, saying that the drive-through penalty was sufficient punishment for Kelly. Furthermore, Lowndes and Triple Eight accused the HSV Dealer Team and the Holden Racing Team for bad sportsmanship – Mark Skaife was given a bad sportsmanship flag in Race 1 for blocking Lowndes, while Kelly's teammate Garth Tander was given a drive-through penalty for blocking Lowndes in Race 2. Some days later, Lowndes was awarded the prized Barry Sheene Medal, which was some consolation.

Team Vodafone

In 2007, the team retained the services of Jamie Whincup and Craig Lowndes. Vodafone replaced Betta Electrical as the title sponsor. Whincup narrowly missed out on the Drivers Championship by 2 points, with Garth Tander and Toll HSV Racing Team winning the last race of the season in Phillip Island.

In 2008, Whincup won the championship, and Lowndes and Whincup won their third Bathurst 1000 crown. During the 2008 Season, it was announced at the Hidden Valley round that Ford would withdraw its support from all but two teams (Ford Performance Racing and Stone Brothers Racing) on the Supercars grid from 2009 onwards. Triple Eight was one of the Ford teams to be effected by the decision, despite proving that they were the top Ford team that year and would go on to win their third Bathurst 1000 and first drivers championship as well as being the head developers of the new FG Falcon which was to be introduced in 2009. It was estimated that due to the decision by Ford, Triple Eight lost $2 million from their budget annually.

In 2009, following Ford's decision to withdraw support from all teams other than Ford Performance Racing and Stone Brothers Racing, the Ford logos on the front of the cars were replaced by a stylised pink pig's head, referring to Hog's Breath Cafe, one of the team sponsors. The team ran new FG Falcons. Triple Eight Racing won fifteen of the twenty-three races staged during the championship, with Whincup winning eleven races and the championship and Lowndes taking four wins at Winton, the Gold Coast and Barbagallo, finishing the year in fourth. Due to the loss of factory support from Ford for the 2009 season. Triple Eight announced prior to Bathurst that the team would be controversially switching to arch rival Holden for 2010 onwards.

Red Bull Racing Australia

In June 2012, Vodafone announced it would not renew the sponsorship.^[7] In August 2012, Red Bull took over the naming rights for the 2013 V8 Supercars season onwards.^[8]

In the 2013 season, the new Car of the Future specification cars were introduced with Triple Eight racing the new Holden VF Commodore. Whincup and Lowndes finished first and second in the championship.^[9]

Lowndes is contracted until the end of 2017,^[10] and Whincup until the end of 2018.^[11] In 2016, a third car was added for Shane van Gisbergen, with the team purchasing a Racing Entitlement Contract that was last used in 2014 by James Rosenberg Racing.^[10][12] Van Gisbergen won the 2016 championship.

Team Vortex

In 2016, Lowndes raced under the banner of Team Vortex, with Whincup and van Gisbergen under the Red Bull Racing Australia banner.

Autobarn Lowndes Racing

In 2018, Lowndes raced under the banner of Autobarn Lowndes Racing, with Whincup and van Gisbergen under the Red Bull Holden Racing Team banner.

Red Bull Holden Racing Team

From 2017 until 2020, Triple Eight was the factory Holden team being rebranded as the Red Bull Holden Racing Team.^[13] The team was responsible for developing the ZB Commodore that debut in 2018. They also lead development for the expected V6 twin-turbo engine that was to be the replacement to the V8 engine in the future, all without the guidance of former technical director Ludo Lacroix. However, in April 2018, Holden announced it had chosen to halt the development of the turbocharged V6 engine and that it would be sticking with its V8 layout for the time being. This meant that the scheduled wildcard entry the team was planning to enter never happened.

Red Bull Ampol Racing

For 2021 and beyond, Triple Eight rebranded to Red Bull Ampol Racing due to the Holden brand being retired at the end of 2020. This was the first time that Triple Eight raced without factory support from Holden since joining the brand in 2010 and only the second time in its V8 Supercars history without any factory support (the last time being 2009). Ampol, formerly known as Caltex Australia, replaced Holden as one of Triple Eight's major sponsors alongside longtime partner Red Bull.

Despite the name change, Triple Eight continued with Holden Commodores for both 2021 and 2022. The Chevrolet Camaro ZL1 made its debut in 2023 along with Gen3. Jamie Whincup retired after 2021, his 16th and final full time season with Triple Eight,^[14] and was replaced by Broc Feeney. Shane van Gisbergen continues to drive for the team.

For 2023 and the new Gen 3 cars, Triple Eight along with all other Holden teams switched to the Chevrolet Camaro ZL1 after General Motors shut down the Holden brand. Shane van Gisbergen and Broc Feeney continue to drive.

For 2024, Shane van Gisbergen announce his move away from V8 Supercars and will move to NASCAR with Trackhouse racing and will compete in all three national series as well as the ARCA Menards series.^[15] Will Brown was brought on to replace him (with the car number changing to 87) and will partner with Broc Feeney.

Wildcard entries

The team entered an extra car at the 2013 Bathurst 1000, running under the banner of Xbox One Racing and driven by Andy Priaulx and Mattias Ekström. They qualified in 18th and finished in 10th.

For the 2021 Bathurst 1000 the team ran a Supercheap Auto backed Holden ZB Commodore which was driven by former Super3 Champion Broc Feeney and former Supercars champion Russell Ingall.

For the 2022 Bathurst 1000 will run a Holden ZB Commodore under the banner Supercheap Auto Racing and driven will be by 3x Supercars champion and 7x Bathurst 1000 winner Craig Lowndes and current Supercars driver Declan Fraser.