The 76 was intended to be a more advanced version of the Lotus 72, powered by the Ford Cosworth DFV and featuring modified aerodynamics, a lighter chassis, longer wheelbase and a narrower, lower monocoque.

Additionally, it had four pedals and an electronically operated clutch, which was the precursor to the modern semi-automatic gearboxes seen on today's F1 cars, with the control mounted into the gearstick which theoretically speeded up gear changes.

After initial tests by Ronnie Peterson and Jacky Ickx, both drivers complained that the car lacked 'feel' and that the electronic clutch was giving problems.

The revised car first appeared at the German Grand Prix, Peterson qualifying eighth and finishing fourth, just ahead of Ickx in the 72.

[8] Both drivers then used the 72 for the final two races of the season, though the 76 was given one last drive in the United States Grand Prix, when Lotus made a third entry for Tim Schenken.