FIA extends promotional agreement with Formula E for another 10 years
Formula E and the FIA have announced an extension of their agreement for the continued promotion of the all-electric series, adding 10 years to the agreement which now runs until 2048.
The agreement follows Liberty Global's majority acquisition of Formula E Holdings Limited last year, and will enable the championship to continue its development in the coming years.
“We’ve believed in Formula E since day one, and this extension reaffirms our confidence in where it’s headed,” said Mike Fries, CEO at Liberty Global. “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 fan base, 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."
Formula E has enjoyed 20 percent year-on-year growth in audience since its inception over a decade ago, and by securing its future for the next two decades and beyond, series leaders say that growth is poised to continue.
“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,” said Formula E CEO Jeff Dodds. “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.”
While the current season, which concludes on Sunday in London, delivered the GEN3 Evo car, the GEN4 machine will form the next part of a phased development strategy which will bring in faster cars with new enhanced aerodynamics and improved tire performance.
“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,” said FIA president Mohammed Ben Sulayem. “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.”
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