Formula E: Porsche Extends Commitment to Electric Series Until 2026, Abandons its F1 Project?

The revelation that Porsche would continue to compete in Formula E until the conclusion of the 2026 season is the most promising development for the future of the all-electric series since its inception at the turn of the current decade.

By Divyam Dubey | on July 26, 2023 Follow us on Autox Google News

The announcement that Porsche would continue racing in Formula E until the conclusion of the 2026 season is the most promising development for the future of the all-electric series. Porsche made their debut in Formula E in 2019 and has committed to the series for the next five years, until the conclusion of Season 10 in July 2024. Last year, Porsche and Red Bull contemplated forming a partnership in Formula One, however, the discussions ultimately fell through and the British team ultimately signed with Ford. Porsche is enjoying its finest season in Formula E so far, currently sitting in second place in the teams' standings after four victories this season thanks to drivers Pascal Wehrlein and Antonio Felix da Costa. Porsche also provides powertrains for Avalanche Andretti, a customer team that, led by Jake Dennis, is one of the championship frontrunners this year.

Also Read: Formula E: Maserati Grabs Third Place Finish in Rome, Clocks Podium at Home Race After 66 Years

Formula E: Porsche Focusing on Electric Series 

Formula Formula E Porsche 2026 Deal

The TAG Heuer Porsche Formula E team is now in second place in the teams' standings, giving them a decent chance of capturing the world championship title at the season finale in London. Additionally, Porsche provides the official safety vehicle, an all-electric Taycan Turbo S, demonstrating the significance of Formula E for Porsche Motorsport.

Thomas Laudenbach, Vice President of Porsche Motorsport said, “We want to showcase innovative technologies and more sustainability in motor racing and be on the leading edge of new developments. Formula E plays a major role in this. The competition in this series is exceptionally high and enables us to provide important impetus for future production models. With such top-level and enthralling races, it excites people around the globe about electric mobility. We’re pleased to contribute to this in the future as well. We want to help shape Formula E in the long term.”

Michael Steiner, Member of the Executive Board for Research and Development at Porsche AG said, “With our entry into Formula E, we have opened a new chapter in all-electric motorsport. We’re convinced that our presence and successes in Formula E will continue to lay a foundation for future mobility solutions. It offers the most competitive environment to accelerate the development of high-performance vehicles with a focus on environmental friendliness and energy efficiency. We look forward to actively shaping the successful future of Formula E and thereby giving electric mobility even more momentum on a global scale.”

Also Read: Watch: Formula E Drivers Escape Serious Injuries After High-Speed Pileup During Rome E-Prix

Is Porsche F1’s Bid Over?

Porsche New Logo 1

Volkswagen Group, the parent company of Audi and Porsche, has spent the better part of a year laying the groundwork for them to compete in the top tier of racing beginning in 2026. Their efforts with the previous brand have paid off, as the team has now taken over Sauber and become a factory team. Finding a suitable business partner was much more challenging for Porsche. Thus, negotiations ultimately yielded no results.

Porsche's goal was to form a cooperation with Red Bull Racing in order to compete more directly in Formula 1. However, the Germans wanted to acquire a controlling interest of at least 50 per cent of the company's shares. Max Verstappen's team was open to collaborating, but it insisted on maintaining control. The two companies were unable to reach an agreement, and Red Bull instead teamed up with Ford.

Subsequent discussions occurred with Williams and McLaren, but neither resulted in anything concrete. Porsche's interest in Formula One remains strong, and the company has said nothing to indicate it is about to abandon the series.

Tags: Formula E Porsche 2023 Formula E championship Porsche Formula E team Porsche FE team 2023 Formula E championship

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