FIA and Formula E agree 10-year extension to electric world championship

LONDON: The FIA and Formula E have agreed a 10-year extension to their partnership, securing the future of the FIA Formula E World Championship until at least 2038.

Announced on Friday, the new multi-year agreement between the Federation Internationale de l’Automobile and Formula E ensures the world’s premier all-electric racing series will continue to operate under the FIA’s governance for another decade beyond the current deal.

The extension is a pivotal moment for Formula E, which has recorded 20 percent year-on-year growth since its inaugural race in 2014.

The sport now attracts more than 400 million fans worldwide and reaches a global TV audience of about half a billion.

Described by the FIA as a milestone for innovation and sustainability in motorsport, the renewed deal will allow Formula E to accelerate its expansion, pursue long-range partnerships and enhance its position as a testbed for electric vehicle technologies that translate to consumer markets.

“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,” said Mohammed Ben Sulayem, president at the FIA.

“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,”