Latest news with #electricmotorsport
Zawya
6 days ago
- Automotive
- Zawya
FIA and Formula E sign landmark extension to power Formula E World Championship for another 10 years
Extension unlocks long-term growth and investment opportunities for the world's premier electric motor sport championship Formula E has seen 20% year-on-year growth since inception and continues to accelerate fan engagement and manufacturer interest The Fédération Internationale de l'Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, has announced a significant multi-year extension to its agreement with Formula E Holdings Limited (majority owned by Liberty Global) for the continued promotion of the FIA Formula E World Championship (Formula E) within the all-electric single-seater category. This agreement solidifies Formula E's bright future at the forefront of international motor sport. It provides a powerful platform to accelerate the Championship's growth trajectory, attract further investment, scale its global impact and pave the way for sustainable innovation in the wider automotive sector. Under current plans, Formula E is set to continue its ambitious and phased development strategy for its racing cars, delivering faster top speeds, greater acceleration, enhanced aerodynamics and improved tyre performance to continue producing some of the closest and most competitive racing in world motor sport. These developments showcase the increased relevance to consumers and the wider EV market, with greater 'race to road' technology transfer. The long-term extension will enable Formula E to build further on this work, providing the FIA World Championship with the long-term vision and support to thrive in the years to come. It opens the door to strategic long-range partnerships and expanded fan engagement. With electric vehicle sales set rise to over 40% of global vehicle sales by 2030 [1], and global lithium-ion battery production expected to triple by 2030 [2], the relevance of Formula E and advancements in this field are more important than ever. At the heart of this shift, the FIA Formula E World Championship, showcases what's possible in modern electric racing and plays a pioneering role in shaping the technologies that will define the road vehicles of the future. The Formula E GEN3 Evo, which launched earlier this year, is already a step-change in performance: 0-60mph in just 1.82 seconds (30% faster than a current Formula 1 car), a 200mph top speed, and almost 50% of energy needed to complete a race regenerated during a race. It is designed with sustainability at its core and includes tyres made with 35% recycled materials and bodywork incorporating recycled carbon fibre and natural fibres. Already backed by a roster of leading manufacturer brands such as Porsche, Jaguar, Nissan, Maserati, Stellantis, Mahindra and Lola-Yamaha, Formula E is the only all-electric single-seater series competing at the highest level – offering a unique blend of intense competition, cutting edge-technology, and sustainability-focused leadership. Since its first race in Beijing in 2014, Formula E has become a global motorsport success story – growing by 20% year-on-year to reach circa 400m fans around the world and attracting a television audience of approximately half a billion. Featuring 11 world-class teams and 22 elite drivers, the Championship races through incredible locations including Monaco, Tokyo, London, Shanghai and Miami, delivering thrilling, purpose-driven sport in the heart of the world's most iconic cities. Solidifying its global standing as a beacon of sustainability Formula E has been ranked the top ESG sport in the world for the third consecutive year [3]. Coupled with substantial annual reductions in freight emissions and the lasting positive legacy of its Better Future Fund in host cities, Formula E is poised for an even stronger and more impactful future. Mohammed Ben Sulayem, President at the FIA, said: 'The extension of the agreement governing the FIA Formula E World Championship is a fantastic outcome for the sport and a clear reflection of our ongoing strategy at the FIA to foster long-term stability, innovation, and growth across all areas of motorsport. 'This milestone reaffirms our commitment to innovation, sustainability, and technological progress, which are all central to the Championship's unique identity and purpose. It also aligns with our broader goal of increasing global participation and driving more accessible motorsport for all. We are delighted to be continuing this journey with Formula E, and I look forward to seeing it grow even further, both on and off the track, in the years to come.' Craig Edmondson, Chief Commercial Officer at the FIA, said: ' Formula E has not only demonstrated impressive growth since its inception, but has also led the way on sustainable innovation in our industry. This is a landmark agreement for the FIA and Formula E, and we are excited to be working with the Championship in the years to come.' Mike Fries, CEO at Liberty Global, said: 'We've believed in Formula E since day one, and this extension reaffirms our confidence in where it's headed. This is the motorsport of the future – a championship that combines the very latest technology, close-combat racing, and a mission that really matters. '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. With this new agreement in place, Formula E is now positioned better than ever to define the future of motorsport – more innovative, more inclusive, more sustainable – and to inspire the next generation of fans, drivers, and partners around the world." Jeff Dodds, CEO at Formula E, said: ' Formula E's growth since its inception has been nothing short of extraordinary, with hundreds of millions of fans and world-class teams and drivers deciding to choose highly competitive electric racing. This long-term extension of the partnership enables us to continue building the brand, investing in the product and delivering some of the most captivating racing that has made us famous. With this long-term extension, the opportunity that Formula E now has to impact world motorsport will be truly transformational.' About FIA The Fédération Internationale de l'Automobile (FIA) is the governing body for world motor sport and the federation for mobility organisations globally. It is a non-profit organisation committed to driving innovation and championing safety, sustainability and equality across motor sport and mobility. Founded in 1904, with offices in Paris, London and Geneva, the FIA brings together 245 Member Organisations across five continents, representing millions of road users, motor sport professionals and volunteers. It develops and enforces regulations for motor sport, including seven FIA World Championships, to ensure worldwide competitions are safe and fair for all. Formula E Holdings Limited is currently owned in its majority by Liberty Global and is the promoter of the FIA Formula E World Championship.
Arab News
21-07-2025
- Automotive
- Arab News
Formula E and PIF tackle green skills gap
LONDON: A major electric motorsport-backed education initiative is targeting Britain's critical shortage of workers in green industries, with Formula E's Driving Force program, presented by PIF E360, predicted to reach over 50,000 students worldwide by the end of 2025. For the latest updates, follow us @ArabNewsSport Formula E, the world's first and only all electric motorsport, continues to accelerate change on and off the track through its flagship STEM and sustainability youth education programs. Driving Force presented by PIF E360 comes as the UK faces a projected deficit of 200,000 skilled workers in net-zero zero roles by 2030, while green job opportunities continue to expand by 9.2 percent year-on-year. The skills gap has prompted new Department of Education statutory guidance for schools to create stronger links between subject lessons and careers. Every pupil is required to learn how the knowledge and skills developed in that subject helps gain entry to, and work within, a wide range of careers. All students between Years 7 and 11 are to experience at least one meaningful encounter with an employer each year and to learn about careers through every subject. Driving Force uses the appeal of all-electric motorsport to engage students aged eight to 18 in sustainability education, equipping young people with the knowledge, confidence and role models needed to pursue the ever-growing roles in sustainability, science and tech. As part of its community engagement, Formula E delivered an in-person Driving Force workshop at Hammersmith Academy in London on 16th July, reaching over 90 students. The session that research represents the type of direct intervention can significantly influence young people's career suggests aspirations and STEM representation, and is part of a series of 5 workshops delivered across London in July, focusing on schools close to the upcoming London E-Prix race location of the Excel in East London, and the Formula E HQ in Hammersmith. Earlier this year, Formula E also delivered Driving Force workshops in Jeddah, Saudi Arabia, and Miami, United States during their respective race weeks. Through hands-on learning, the in-person workshops connected classroom learning to real-world careers in motorsport, mobility, engineering, battery innovation and clean energy, leaving behind a lasting community legacy in the heart of London. Julia Palle, VP of Sustainability, Formula E said: 'A survey in 2024 of more than 7,000 UK secondary-school students reveals a worrying downward trend in both their involvement in and their ambition to pursue STEM subjects — a stark wake-up call for educators and policymakers alike. Teachers are being asked to make stronger connections between subjects and careers, but they need support from employers to do that effectively. Driving Force, presented by PIF E360, is part of the solution to help the education system deliver what our students and our green economy both desperately need to succeed.' In addition to Driving Force, Formula E's wider social impact FIA Girls on strategy includes several key initiatives including Together, Inspiration Hour and Better Futures Fund, the Track these programs form a core part of Formula E's commitment to delivering long-term, community-focused benefits in every host city and create inclusive opportunities. Formula E was born out of a desire to help shape a more sustainable future for current and future generations to come and continues to deepen its commitment to creating lasting, positive change through social impact initiatives that aim to tackle inequalities and nurture inclusive, resilient and diverse communities in every city they visit. As the world's first all-electric FIA World Championship and the only sport-certified net zero carbon since inception, the ABB FIA Formula E World Championship brings dramatic racing to the heart of some of the world's most iconic cities providing an elite motorsport platform for the world's leading automotive manufacturers to accelerate electric vehicle innovation. The Formula E network of teams, manufacturers, partners, broadcasters, and host cities is united by a passion for the sport and belief in its potential to accelerate sustainable human progress and create a better future for people and the planet.
