FIA Formula E: Liberty Global Powers Championship Until 2054
Formula E Secures Unprecedented Long-Term Future with FIA Deal Through 2054
London, UK – The ABB FIA Formula E World Championship has today announced a landmark agreement with the FIA, extending its exclusive status as the premier all-electric single-seater racing series until at least 2054. This monumental deal solidifies Formula E’s position at the vanguard of international motorsport, promising a future of accelerated growth, enhanced innovation, and significant investment.
The renewed partnership grants Formula E exclusive rights within the all-electric single-seater category, effectively safeguarding its unique space and preventing the emergence or progress of competing series. This exclusivity provides a robust platform for Formula E to continue its enterprising development strategy,aiming to deliver increasingly faster,more dynamic,and technologically advanced racing. By 2054, the championship’s cars are projected to match or surpass the performance of other top-tier single-seater categories, further amplifying the ”race to road” technology transfer crucial for the wider automotive sector.
Mohammed Ben Sulayem, President of the FIA, hailed the agreement as a “fantastic outcome for the sport,” emphasizing its alignment with the FIA’s strategy to strengthen commercial partnerships and drive long-term value. “This milestone reaffirms our commitment to innovation, sustainability, and technological progress,” Ben Sulayem stated. “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.”
Liberty Global, a long-standing supporter of Formula E, expressed unwavering confidence in the championship’s trajectory. Mike Fries, CEO at Liberty Global, commented, “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 realy matters.” Fries added, “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 of Formula E, underscored the championship’s remarkable growth and the impact of the extended partnership. “Formula E’s growth since its inception has been nothing short of unusual, with hundreds of millions of fans and world-class teams and drivers deciding to choose highly competitive electric racing,” Dodds said. “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 only 10 years under our belt,by 2054 and beyond the impact that Formula E will have had on world motorsport will be truly transformational.”
This extended vision will empower Formula E to foster strategic, long-range partnerships and significantly enhance fan engagement, ensuring its continued evolution and leadership in the global motorsport landscape for decades to come.