Cost saving measures announced for Formula E

Formula E and the FIA have agreed on cost saving measures which include a delay to the Gen2 EVO car and a two-year homologation period for teams.

The measures have been agreed by all teams and manufacturers as well as Formula E and the governing body.

The introduction of the Gen2 EVO car has been pushed back by a year until 2021/22 – when the series becomes an FIA world championship.

This move allows the extension of the homologation period meaning manufacturers can only alter powertrain components once over the next two seasons.

This can be done by either introducing a new powertrain for 2020/21 and using it in 2021/22 with the Gen2 EVO car or by using the 2019/20 powertrain in 2020/21 and homologating a new powertrain for the Gen2 EVO car.

The move is to cut spending costs on development over the next two seasons by half by only allowing one new introduction of a powertrain.

“In these difficult times, adapting the cost structures in motorsport is a priority to ensure its sustainability,” said Jean Todt, FIA President.

“I encouraged the decisions regarding the 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,” added Todt.

Alejandro Agag, Founder & Chairman of Formula E commented on the agreement: “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.

“We listened to feedback from the teams and manufacturers and worked closely with the FIA to push back the launch of the Gen2 EVO and limit teams to a single homologation over the next two years. By doing so we have cut the projected car development costs in half. This was a necessary action to take to contain costs, given the health crisis and economic environment.”