Formula E and FIA agree 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 a recently-announced contract extension with the FIA.

As Formula E's Season 11 came to an end, the FIA announced a significant multi-year extension to its agreement with Formula E which means that it will remain until at least 2048 the only all-electric single-seater series sanctioned by motorsport's world governing body.

"With electric vehicle sales set rise to over 40% of global vehicle sales by 2030, and global lithium-ion battery production expected to triple by 2030, the relevance of Formula E and advancements in this field are more important than ever," the FIA noted.

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.

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.

Commenting on the announcement, FIA's President 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.”

Speaking of the contract extension, Liberty Global's CEO Mike Fries stated: “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."

Commenting on the announcement, Formula E's CEO Jeff Dodds 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," Dodds concluded.