Sat, Oct

Formula E could be the only viable motorsport series by 2040

Business Stories

Alejandro Agag, the founder and CEO of Formula E championship has predicted that, given the current climate policies, the electric vehicles racing series will be the motorsport of the future.

Mr. Agag said that advanced technological developments, the direction of climate policies in restricting carbon emissions and the increasing decline in conventional combustion engine vehicles manufacturing will soon take over the motorsports industry too.

"I think Formula E is going to get really, really big. I believe that in 20, 30, 40 years, we will be the only motorsport out there”, he said.

"There may be others too, but we will be probably the main motorsport because the world will be electric. If the world is not electric in 20 or 30 years, we are in trouble. So Formula E will be the championship of these cars”.

The motor racing series is now in its fourth season and has gained significant momentum in recent months, as more vehicle manufacturers have signed up for the 2017-2018season, including BMW, Mercedes-Benz, and Porche.

BMW joined Formula E as an official manufacturer, whilst the rest will add to the existing line up comprised of Audi, Jaguar Land Rover, and Renault.

It has not gone unnoticed that all three newcomers are German car manufacturers- a move claimed to be associated with the German Government’s push to move away from internal combustion engines by 2030.

In 2015, Virgin Group owner Richard Branson predicted that Formula E could surpass Formula 1 as the top motorsport series by the end of the decade.

Mr. Agag commented: "We are far beyond our expectations from when we launched the project.  We keep getting good surprises, so I think that probably means that we are moving in the right direction”.

Recently, fashion giant Hugo Boss ended its long-time sponsorship to Formula 1 and switched to Formula E.

Mark Langer, CEO in Hugo Boss, said: "After many years in Formula 1, ever since Jochen Mass in the 1970s, we have been thinking what the next thing is”.

"Of course Formula 1 is the top class of motor racing, but Formula E is more innovative and sustainable”. 


Read full article on Climate Action News




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