Formula E Secures Exclusive All-Electric Reign Until 2054
Global Motorsport Governing Body Extends Landmark Deal
The Fédération Internationale de l’Automobile (FIA) has inked a monumental 15-year extension with Formula E Holdings Limited, solidifying the all-electric racing series’ exclusive status until 2054. This significant agreement underscores Formula E’s position at the vanguard of international motorsport.
A Bold Vision for Electric Racing
This extended partnership is poised to accelerate Formula E’s growth, attracting further investment and amplifying its global influence. The deal ensures Formula E remains the sole all-electric single-seater championship, effectively safeguarding its unique developmental path. By 2054, racing cars are anticipated to match or surpass the performance of current top-tier single-seater categories, showcasing advanced ‘race to road’ technology transfer relevant to the burgeoning EV market.
“The contract renewal for the ABB FIA Formula E World Championship is a fantastic outcome for the sport and a clear reflection of our ongoing strategy at the FIA to strengthen commercial partnerships and drive long-term value across all facets of motor sport.”
—Mohammed Ben Sulayem, President at the FIA
Mohammed Ben Sulayem further emphasized the FIA’s commitment: This milestone reaffirms our commitment to innovation, sustainability, and technological progress, which are all central to the Championship’s unique identity and purpose.
He added that the renewal aligns with the FIA’s objective to boost global participation and make motorsport more accessible.
Industry Leaders Express Confidence
Mike Fries, CEO at Liberty Global, a major shareholder in Formula E, shared his enthusiasm: 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.”
—Mike Fries, CEO at Liberty Global
Jeff Dodds, CEO of Formula E, highlighted the series’ remarkable journey since its inception: 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.
He anticipates a transformational impact on world motorsport by 2054.
This long-term commitment provides the stability needed for strategic partnerships and enhanced fan engagement. The championship has already seen a significant surge in viewership, with recent data indicating a 30% increase in digital engagement for the 2023-2024 season compared to the previous year, demonstrating growing global appeal (FIA Formula E Press Release).
