P1racenews AI automatic summary:
Formula E under the governance of the FIA has been handed a significant contract extension.
The FIA has agreed to extend its partnership with Formula E for 10 years, maintaining its status as the exclusive single-seater series until at least 2048 with the possibility of a further extension until 2053. This agreement prohibits other FIA single-seater series from transitioning to full electric power, including F1, which is moving towards a 50/50 split between internal combustion and electrical power. FIA President Mohammed Ben Sulayem described the extension as a significant step towards long-term stability, innovation, and growth in motorsport, aligning with the FIA’s commitment to sustainability and technological progress. The FIA and Formula E’s majority owners, Liberty Global, reached the agreement, with plans to continue Formula E’s development and attract a larger audience. Liberty Global CEO Mike Fries expressed confidence in Formula E’s future as a pioneering championship combining cutting-edge technology, exciting racing, and a meaningful mission, positioning it to lead the way in innovative, inclusive, and sustainable motorsport.
