P1racenews AI automatic summary:
FIA confirm MAJOR contract extension until 2048
The FIA has signed a significant contract extension with Formula E that will see them exclusively govern and promote the all-electric series until 2048. Unfortunately, recent setbacks include McLaren withdrawing from Formula E to focus on the World Endurance Championship, leading to the disbandment of the team due to lack of outside investment. This leaves only 10 teams on the grid for the 2025/26 season before the introduction of new cars in 2026/27. Despite these challenges, the FIA’s commitment to Formula E is evident, as they have extended their exclusivity contract until at least 2048, securing the series’ future in the world of sustainable racing. FIA President Mohammed Ben Sulayem and Formula E CEO Jeff Dodd both expressed optimism for the future of the partnership and the continued growth of Formula E.