Formula E and FIA agree contract extension to at least 2048
FILE PHOTO: Apr 12, 2025; Miami, Florida, USA; Oliver Rowland of Team Nissan enters turn four during qualifying for the ABB Formula E Series race at the Homestead Motor Speedway Mandatory Credit: Reinhold Matay-Imagn Images/File Photo
Formula E will remain until at least 2048 the only all-electric single-seater series sanctioned by motorsport's world governing body after announcing a contract extension with the FIA on Friday.
The Liberty Global-controlled series said the 10-year extension, with sources indicating an option for a further five years, provided a solid platform for long-term growth and investment opportunities.
Formula E expects its cars to be on the same level as, or exceeding the performance of, other top tier series including Formula One by the middle of the century.
The current Gen3 Evo car can already accelerate from 0-60 miles per hour (0-96kph) in 1.82 seconds, 30% faster than a Formula One car with a top speed of 200mph (321kph).
"We've believed in Formula E since day one, and this extension reaffirms our confidence in where it's headed," said Liberty Global CEO Mike Fries.
"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."
Formula E chief executive Jeff Dodds said the series had shown extraordinary growth in 11 seasons so far.
Top stories
Swipe. Select. Stay informed.
Singapore SMRT to pay lower fine of $2.4m for EWL disruption; must invest at least $600k to boost reliability
Singapore MRT service changes needed to modify 3 East-West Line stations on Changi Airport stretch: LTA
Singapore S'pore could have nuclear energy 'within a few years', if it decides on it: UN nuclear watchdog chief
Singapore Lung damage, poor brain development, addiction: What vaping does to the body
Life 'Do you kill children?': Even before independence, S'pore has always loved its over-the-top campaigns
Asia Live: Thailand-Cambodia border clashes continue for second day
Singapore Fine for couple whose catering companies owed $432,000 in salaries to 103 employees
Singapore Kopi, care and conversation: How this 20-year-old helps improve the well-being of the elderly
"With this longterm extension, the opportunity that Formula E now has to impact world motorsport will be truly transformational," he said.
The current Formula E season closes in London with two races in London this weekend. The drivers' title has been won already by Nissan's Oliver Rowland. REUTERS
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Straits Times
an hour ago
- Straits Times
Groves avoids crash to win Tour Stage 20, Pogacar retains lead
Find out what's new on ST website and app. PONTARLIER, France - Australian Kaden Groves completed his set of grand tour stage wins when he prevailed on the Tour de France's penultimate ride, avoiding a crash on slippery roads before powering to a solo triumph on the 184.2km journey from Nantua on Saturday. Groves's bike-handling skills were on display when he managed to stay up as Spain's Ivan Romeo and France's Romain Gregoire skidded out of control in front of him on a wet descent 21 kilometres from the finish. The Alpecin-Deceuninck rider then attacked from a reduced breakaway bunch and never looked back in the remaining 17 kilometres, bursting into tears in a mix of disbelief and exhaustion after the line. Groves, who gave his team their third victory in this year's Tour after Jasper Philipsen and Mathieu van der Poel also won, has seven Vuelta and two Giro d'Italia stage wins to his name. Dutchman Frank van den Broek took second place, 54 seconds behind, with his compatriot Pascal Eenkhoorn third, five seconds further back. Defending champion Tadej Pogacar spent a quiet day in the main peloton and made another step towards a fourth Tour title as he retained his overall leader's yellow jersey with a 4:24 advantage over Denmark's Jonas Vingegaard. The final stage is a 132.3km ride from Mantes-la-Jolie to Paris, where the peloton will cycle up the famous Butte Montmartre three times before the final laps on the Champs-Elysees. REUTERS Top stories Swipe. Select. Stay informed. Singapore Woman taken to hospital after car falls into sinkhole on Tanjong Katong Road Singapore Students hide vapes in underwear, toilet roll holders: S'pore schools grapple with vaping scourge Singapore 'I've tried everything': Mum helpless as son's Kpod addiction spirals out of control Singapore NDP 2025: How Benjamin Kheng is whisked from Marina Bay to Padang in 10 minutes by boat, buggy Singapore Almost half of planned 30,000 HDB flats in Tengah to be completed by end-2025: Chee Hong Tat Singapore From libraries to living rooms: How reading habits take root in underserved S'pore children Asia Thai-Cambodia clashes spread along frontier as death toll rises Asia Thousands rally in downtown Kuala Lumpur for resignation of PM Anwar
Straits Times
an hour ago
- Straits Times
Hamilton's Belgian GP nightmare gets worse
Find out what's new on ST website and app. SPA-FRANCORCHAMPS, Belgium - Ferrari's Lewis Hamilton, last year's winner with Mercedes, failed to get through the first phase of Belgian Grand Prix qualifying on Saturday after his best lap was deleted for exceeding track limits. The seven-times world champion, who has yet to stand on the podium since his move to Ferrari at the end of last season, will start 16th on Sunday. The Briton had already endured a nightmare in Saturday's sprint race, starting 18th after a spin in qualifying and finishing 15th. Hamilton is a five-times winner in Belgium, one off Michael Schumacher's record at the circuit. He won at Spa last year after then teammate George Russell was disqualified from first when his car was found to be underweight. REUTERS
Straits Times
an hour ago
- Straits Times
Gill and Rahul steady India after early wobble
Find out what's new on ST website and app. Cricket - International Test Match Series - Fourth Test - England v India - Old Trafford Cricket Ground, Manchester, Britain - July 26, 2025 England's Ben Stokes acknowledges fans as he walks after losing his wicket for 141 runs Action Images via Reuters/Ed Sykes MANCHESTER, England - A half century from captain Shubman Gill helped India battle back on day four of the fourth test against England, the touring side reaching 86-2 at tea on Saturday, trailing the hosts by 225 runs. Chris Woakes took two wickets in two balls in the first over to leave India reeling on 0-2 before lunch, after captain Ben Stokes' first century in two years fired England to 669, their fifth highest total in test history. With 15 minutes to navigate before lunch, India crumbled under the pressure, with Yashasvi Jaiswal caught in the slips by England first-innings centurion Joe Root and Sai Sudharsan following him back next ball. Gill and Rahul survived to return for the afternoon session and steadied the ship, despite England continuing to create chances. Stokes, who took five wickets in the first innings, did not bowl having retired hurt with cramp on Friday when batting. Gill looked in especially good touch in difficult circumstances, moving to his eighth test fifty just before tea. He will return for the evening session unbeaten on 52 alongside Rahul on 30. England lead 2-1 in the series and victory at Old Trafford would seal it. REUTERS Top stories Swipe. Select. Stay informed. Singapore Woman taken to hospital after car falls into sinkhole on Tanjong Katong Road Singapore Students hide vapes in underwear, toilet roll holders: S'pore schools grapple with vaping scourge Singapore 'I've tried everything': Mum helpless as son's Kpod addiction spirals out of control Singapore NDP 2025: How Benjamin Kheng is whisked from Marina Bay to Padang in 10 minutes by boat, buggy Singapore Almost half of planned 30,000 HDB flats in Tengah to be completed by end-2025: Chee Hong Tat Singapore From libraries to living rooms: How reading habits take root in underserved S'pore children Asia Thai-Cambodia clashes spread along frontier as death toll rises Asia Thousands rally in downtown Kuala Lumpur for resignation of PM Anwar
