Tyre smoke
 

Can anyone tell me how I can create smoke like in this video http://youtu.be/rsLSddudVMk

Looking at the vid at 36s in when the car is still drifting but with no smoke whatever, I think the smoke is fake (I.e. Artificial).
Or the driver is an Action Man with a nasty habit

A smoke bomb....... (Remember buying those from your local joke shop?)

Either that or a very light oil, I think they use something similar on film sets to get the tyres to light up like that. I doubt an RC would get the tyres hot enough.

I'd say deffo a smoke bomb

You can buy the from specialist rd drift stores. Smoke generators

I feel that is Dry Ice.

Have a look at the trail it leaves on the floor. Its still smouldering for a little while.