After starting out in karts, Graham moved up to the Formula BMW Series in 2004, scoring four top-five finishes and a further seven top-ten. In 2005 he competed in the Star Mazda Series, notching one victory. he also became the youngest  winner of a SCCA title, winning the Formula Atlantic class.

In 2006 Graham ran two A1GP races for Team Lebanon. He also made one appearance in the Indy Pro Series, staring on pole and finishing second at Indianapolis. He tried his hand at endurance racing, running the 24 hours of Daytona & the twevle hours of Serbring (he would drive both events again in 2007 & 2008).  But Rahal's main focus that year was the Champ Car Atlantics Series, where he captured five victories and finished second in the championship chase.

After such an impressive year, it was a matter of course that a CCWS team would show interest in the young American: what suprised alot of people was that Newman-Haas-Lanigan, the series' most dominant squad, would be that team. Rahal, who had just turned eighteen, signed on for 2007 & showed great promise during his rookie campaign, notching five top-five finishes, with a best of second at Houston.

For 2008 Graham will be moving over to the IndyCar Series along with the rest of the Newman-Haas-Lanigan team.

Graham has made it known that his ultimate goal is to race in Formula One someday. Earlier this year he had the opportunity to put on a brief "exibition" from behind the wheel of a BMW-Sauber F1 car at Las Vegas.

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