Formula E announces cost savings

10-04-2020 16:16
by Editorial Team
F1 News
Formula E announces cost savings

In Formula 1 the year 2021 would be the year of many changes. A new set of rules and therefore a new kind of car. That has now been postponed to 2022 because of the coronavirus and Formula E now follows the same example. It was the intention to drive a new car, but to reduce costs it has been postponed to the season 2021-2022.

Gen2 EVO

As long as there is no driving, the teams see more money going out than coming in and then it is wise to save. Therefore, the planned Gen2 EVO car is not a sensible investment at this moment, with a delay as a result. The teams, organisation and FIA have discussed this issue this week and they came to a unanimous agreement, as the FIA states in a statement.

Incidentally, this is not the only measure to reduce costs, nor will the manufacturers of the power sources be allowed to make a one-off change to the drive in the coming season. Furthermore, a flexible approach has been chosen, so the teams are already allowed to introduce a new car next year, but they will have to drive it for two years.

If teams decide not to introduce a new car until 2022, this obligation is limited to one year. So it is up to the teams themselves to decide what is the most cost efficient. According to the FIA and the teams, this measure would halve the costs.

Sustainability guarantee

"In these difficult times, adapting the cost structures in motorsport is a priority to ensure its sustainability", says FIA President Jean Todt, "I encouraged the decisions regarding FIA Formula E Championship approved by the World Motor Sport Council in this regard, which are in line with the discussions currently underway for the other FIA disciplines".

The founder and chairman of Formula E, Alejandro Agag, says: "During these challenging times, we have taken a flexible approach. Not only with the quick and sensible decision to temporarily suspend the season, but now by implementing cost measures to lower development costs for the teams".

Hoe ziet de nieuwe F1 kalender van 2020 eruit? Check nu hieronder de nieuwe GPblog F1 update!

Read more about: Formule E FIA

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