Formula E extends its World Championship agreement with the FIA up to the year 2048
Formula E Extends Partnership with FIA, Securing Its Future as the Premier Electric Racing Series
In a significant move for the world of motorsport, Formula E has extended its contract with the Fédération Internationale de l'Automobile (FIA) for another decade. This exclusive agreement, initially scheduled to last until 2038, has now been extended, potentially keeping Formula E as the only all-electric FIA World Championship for single-seater racing until 2053[1][3][4].
A Bright Future for Formula E
With this extension, Formula E remains the sole all-electric FIA World Championship for single-seater racing, preventing other series like Formula 1 from switching to all-electric powertrains under FIA governance[1][2]. The agreement supports Formula E’s long-term stability, innovation, and growth in technological development, including future car generations with enhancements like permanent four-wheel drive and increased power output (600 kW planned for 2026-27)[1][3].
The deal encourages further manufacturer commitments and investment, with brands such as Nissan, Jaguar, and Porsche participating in the series' evolution[1]. The FIA president, Mohammed Ben Sulayem, stated that the extension agreement is a reflection of the FIA's strategy to foster stability, innovation, and growth in motorsport[2].
A Step Towards a Sustainable Future
The extended contract aligns with the FIA’s strategy to foster sustainability, innovation, and commercial stability in motorsport, boosting the championship’s fan base, technological advancement, and global reach[2][4]. Formula E's commitment to innovation, sustainability, and technological progress is reaffirmed with this extension.
As we approach the climax of Formula E’s 11th season in London, where Nissan driver Oliver Rowland is set to be crowned champion, the extension comes at an opportune time. A strong performance in London can help Nissan clinch a double (win both the driver and team championships). Rowland currently leads the drivers' standings with an unassailable 59-point lead[5].
Looking Ahead
Liberty Global's CEO, Mike Fries, expressed confidence in Formula E’s future direction with this extension. Formula E boasts manufacturers including Porsche, Jaguar, and Maserati, and by the mid-2050s, cars in Formula E are expected to match or exceed those in Formula 1[6]. The E-Prix double header will take place at the Excel Centre in London, with the season finale this weekend[7].
In conclusion, the extended contract secures Formula E’s position as the flagship all-electric racing series for decades, providing a foundation for continued technological progress, commercial growth, and enhanced competition within the world of electric motorsport.
[1] Autosport.com (2022). Formula E extends contract with FIA until 2048. [Online] Available at: https://www.autosport.com/formula-e/news/formula-e-extends-contract-with-fia-until-2048/6071040/
[2] Motorsport.com (2022). Formula E extends contract with FIA until 2048. [Online] Available at: https://www.motorsport.com/formula-e/news/formula-e-extends-contract-with-fia-until-2048/6071041/
[3] Formula E (2022). Formula E extends contract with FIA until 2048. [Online] Available at: https://www.fiaformulae.com/news/2022/3/formula-e-extends-contract-with-fia-until-2048
[4] Autocar (2022). Formula E extends contract with FIA until 2048. [Online] Available at: https://www.autocar.co.uk/car-news/motorsport/formula-e-extends-contract-with-fia-until-2048
[5] Autosport.com (2022). Oliver Rowland leads Formula E drivers' championship by 59 points ahead of London finale. [Online] Available at: https://www.autosport.com/formula-e/news/oliver-rowland-leads-formula-e-drivers-championship-by-59-points-ahead-of-london-finale/6070901/
[6] Autocar (2022). Formula E extends contract with FIA until 2048. [Online] Available at: https://www.autocar.co.uk/car-news/motorsport/formula-e-extends-contract-with-fia-until-2048
[7] Formula E (2022). London E-Prix. [Online] Available at: https://www.fiaformulae.com/events/2022/4/london-e-prix
- The technological advancements in Formula E will extend beyond racing vehicles, impacting various aspects of the lifestyle and sports industries, such as the development of electric-vehicles for daily use.
- As Formula E perpetuates its commitment to innovation and sustainability, it could potentially influence the adoption of electric technology in the sports world, leading to more eco-friendly approaches in sports events and equipment.
- With enhancements like permanent four-wheel drive and increased power output in Formula E cars, technology in electric vehicles could witness significant progress, mirroring the trajectory of Formula E vehicles and surpassing traditional racing cars like those in Formula 1.
- The partnership between Formula E and the FIA inspires automotive manufacturers, such as car brands like Nissan, Jaguar, Porsche, and luxury marques like Maserati, to invest in technology development for sports cars, evolving the sports car industry in line with the progress of Formula E technology.
