LONDON: The FIA and Formula E have agreed a 10-year extension to their partnership, securing the future of the FIA Formula E World Championship until at least 2038.
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Announced on Friday, the new multi-year agreement between the Federation Internationale de l’Automobile and Formula E ensures the world’s premier all-electric racing series will continue to operate under the FIA’s governance for another decade beyond the current deal.
The extension is a pivotal moment for Formula E, which has recorded 20 percent year-on-year growth since its inaugural race in 2014.
The sport now attracts more than 400 million fans worldwide and reaches a global TV audience of about half a billion.
