Formula E and the Fédération Internationale de l’Automobile (FIA) have announced a 10-year extension for the continued promotion of the FIA Formula E World Championship within the all-electric single-seater category.
This agreement is designed to strengthen Formula E’s position in international motorsport through supporting its continued growth, attracting investment and expanding its global presence, as well as promoting sustainable innovation within the automotive industry.
Under current plans, Formula E is set to continue its development strategy for its racing cars, delivering faster top speeds, greater acceleration, enhanced aerodynamics and improved tire performance. These advancements aim to maintain the series’s reputation for close, competitive racing while strengthening the connection between race technologies and consumer electric vehicles through greater technology transfer.
Longstanding partnership and a long-term future
The long-term extension will enable Formula E to build further on the work so far, providing the FIA World Championship with long-term vision and support. It “opens the door to strategic long-range partnerships and expanded fan engagement” the companies said in a statement.
With electric vehicles projected to account for over 40% of global vehicle sales by 2030 and lithium-ion battery production expected to triple, the relevance of Formula E continues to grow. The FIA Formula E World Championship highlights the capabilities of modern electric racing and contributes to the development of technologies that are increasingly influencing future road vehicles.
The Gen3 Evo, which launched earlier this year, is already a step-change in performance: 0-60mph in just 1.82 seconds (30% faster than a current Formula 1 car), a 200mph top speed, and with almost 50% of the energy needed to complete a race being regenerated during a race. It has been designed with sustainability at its core and includes tires made with 35% recycled materials and bodywork incorporating recycled carbon fiber and natural fibers.
Mohammed Ben Sulayem, president at the FIA, said, “The extension of the agreement governing the FIA Formula E World Championship is a fantastic outcome for the sport and a clear reflection of our ongoing strategy at the FIA to foster long-term stability, innovation and growth across all areas of motorsport.
“This milestone reaffirms our commitment to innovation, sustainability and technological progress, which are all central to the championship’s unique identity and purpose. It also aligns with our broader goal of increasing global participation and driving more accessible motorsport for all. We are delighted to be continuing this journey with Formula E and I look forward to seeing it grow even further, both on and off the track, in the years to come.”
Craig Edmondson, chief commercial officer at the FIA, said, “Formula E has not only demonstrated impressive growth since its inception, but has also led the way on sustainable innovation in our industry. This is a landmark agreement for the FIA and Formula E, and we are excited to be working with the championship in the years to come.”
Jeff Dodds, CEO at Formula E, said, “Formula E’s growth since its inception has been nothing short of extraordinary, with hundreds of millions of fans and world-class teams and drivers deciding to choose highly competitive electric racing.
“This long-term extension of the partnership enables us to continue building the brand, investing in the product and delivering some of the most captivating racing that has made us famous. With this long-term extension, the opportunity that Formula E now has to impact world motorsport will be truly transformational.”
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