Tag: 2048

  • FIA & Formula E sign extension to power series till 2048

    Formula E and the FIA have agreed a 10 year extension to the continued promotion and exclusivity of the all-electric single-seater category.

    The Federation Internationale de l’Automobile (FIA) the global governing body for motorsport and the federation for mobility organisations worldwide, has announced a significant multi-year extension to its agreement with Formula E Holdings Limited (majority owned by Liberty Global) for the continued promotion of the FIA Formula E World Championship within the all-electric single-seater category.

    The agreement solidifies Formula E’s bright future at the forefront of International motorsport. It provides a powerful platform to accelerate the Championship’s growth trajectory, attract further investment, scale its global impact and pave the way for sustainable innovation in the wider automotive sector,

    Under current plans, Formula E is set to continue its ambitious and phased development strategy for its racing cars, delivering faster top speeds, greater acceleration, enhanced aerodynamics and improved tyre performance to continue producing some of the closest and most competitive racing in the world motor sport.

    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.
    Mohammed Ben Sulayem, President of FIA.

    We’ve believed in Formula E since day one, and this extension reaffirms our confidence in where it’s headed. This is the motorsport of the future – a championship that combines the very latest technology, close-combat racing, and a mission that really matters. With the FIA’s continued backing, we can now take the next big steps – scaling the sport, growing its global fanbase, and continuing to push the boundaries of what electric racing can achieve. With this new agreement in place, Formula E is now positioned better than ever to define the future of motorsport – more innovative, more inclusive, more sustainable – and to inspire the next generation of fans, drivers, and partners around the world.
    Mike Fries, CEO at Liberty Global.

    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.
    Jeff Dodds, CEO at Formula E.