It's called Drift Stage. It's directly inspired by games like Daytona USA, Super Hang-On, and Outrun. It aims to fall right in between the skill needed in simulator games and the accessibility of arcade racers. Did I mention it has drifting? How much drifting you may ask?
Straight from the devs:
Those classic arcade racers (mentioned above) were simple immediate fun from the second you started playing but also offered a lot of challenge for those interested in shaving off seconds. That's not really the way most racing games are made now. These days, you typically either get something like Forza Horizon that has one foot in the sim racing world and a learning curve to match or you get something that swings hard in the other direction like Mario Kart 8 that maybe eschews a bit too much depth for the sake of being accessible. There are definitely some amazing games in both of those camps, but I want to give the middle ground some more attention with Drift Stage.
They are aiming for PC and Mac, but hope to put it out on as many platforms as possible. No release date yet, but boy does this have me excited!
Here's a bit of (early) gameplay: