Formula E will continue as the only all-electric single-seater series sanctioned by the FIA until at least 2048, following the announcement of a significant contract extension on Friday. The deal, controlled by Liberty Global, extends the partnership for 10 years with an option for a further five, providing long-term stability and opportunities for growth and investment.
The championship, now in its 11th season, has grown rapidly since its launch and is expected to play a major role in shaping the future of motorsport. Formula E has set ambitious performance targets, with predictions that its cars will match or even surpass those of other top-tier series, including Formula One, by the middle of the century.
The current Gen3 Evo car already accelerates from 0-60mph in 1.82 seconds, around 30% faster than a Formula One car, and can reach a top speed of 200mph (321kph).
Liberty Global CEO Mike Fries said the extension reflected confidence in the series’ future. “We’ve believed in Formula E since day one, and this extension reaffirms our confidence in where it’s headed. 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,” he said.
Formula E chief executive Jeff Dodds said the championship’s growth had been extraordinary. “With this long-term extension, the opportunity that Formula E now has to impact world motorsport will be truly transformational,” he added.
The current season concludes in London this weekend with a double-header, although the drivers’ title has already been secured by Nissan’s Oliver Rowland.
