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TimesLIVE
4 days ago
- Automotive
- TimesLIVE
Formula E and FIA agree to contract extension to at least 2048
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 0-100km/h in 1.82 seconds, 30% faster than a Formula One car with a top speed of 321km/h. '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 fan base, and continuing to push the boundaries of what electric racing can achieve.' Formula E CEO Jeff Dodds said the series had shown extraordinary growth in 11 seasons so far. 'With this long-term 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.
The Star
4 days ago
- Automotive
- The Star
Motor racing-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 (Reuters) -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. "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. (Reporting by Alan Baldwin, editing by Christian Radnedge)
Straits Times
4 days ago
- Automotive
- Straits Times
Formula E and FIA agree contract extension to at least 2048
Find out what's new on ST website and app. 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
