Formula E could introduce further cost cutting measures

Formula E could introduce further cost cutting measures for teams in response to the coronavirus pandemic, according to series founder and chairman Alejandro Agag.

Formula E could introduce further cost cutting measures

The championship has already announced a one-year delay for the introduction of the facelifted Gen2 Evo bodykit and it has adjusted the homologation regulations.

Teams can either continue with their current 2019-20 powertrain into next season or introduce a new set-up for 2020-21 to retain for two years.

But, speaking exclusively to Motorsport.com for the #thinkingforward series with motorsport leaders, Agag said FE could impose further steps.

We need to know that this is not the end of the world," he said. “There is going to be a tomorrow and it is going to be different. We have to prepare for that. 

“I think with these measures, we acted really, really quick. We have given [the teams] flexibility. 

“Of course, there maybe other measures to cut cost in future.”

One possibility is to delay the introduction of the new Gen3 car, which is originally planned to debut in the 2022-23 season.

But Motorsport.com understands FE wants to stick with the current timetable, even if it means replacing the Gen2 Evo bodykit after only one year.

Agag suggested that another route to cut costs for the teams would be to organise races at purpose-built circuits.

He added: “We can take a couple more months to think about it, to discuss with everyone involved and then to make a decision.

“The priority is going to be cost control and cost reduction for the future.

“Just thinking out loud, imagine you make a Gen3 car that is running at 300Km/h [186mph] and it's with a range of one hour.

“We may think to race maybe at circuits. That reduces the costs in a different direction.

“I'm not saying we're going to do that, but I'm saying there are different variables in this discussion that we need to consider.”

Read Also:

Although the series favours street tracks, the disruption to the season means it is unlikely that cities will be able to rearrange the logistics in time.

A race at the permanent Circuit Ricardo Tormo in Valencia, the site of FE pre-season testing, was close to being signed off for 4 April.

This was the date held by the Rome E-Prix, which was postponed, and all the cars were freighted to the circuit and have been stored on site ever since.

Agag added that despite the initial financial trouble faced by FE in its first season, the championship was stable amid the COVID-19 crisis.

He said: "Formula E is going to emerge well; it is at a level of costs that is manageable, the business model is manageable.

"I can send a message to the whole Formula E community that it is going to be in good shape.

"It won't be exactly the same, we have to cut costs and be smart."

shares
comments
"High risk" of lockdown violation without live sport - Agag

Previous article

"High risk" of lockdown violation without live sport - Agag

Next article

Formula E renews Rome race deal until 2025

Formula E renews Rome race deal until 2025
Load comments

About this article

Series Formula E
Author Matt Kew
Why Formula E's Valencia fiasco undermines engineering talent Prime

Why Formula E's Valencia fiasco undermines engineering talent

FIA president Jean Todt wanted more Formula E coverage in the media, and got his wish when the opening Valencia E-Prix proved farcical. Despite attempts to spin the race as teams failing to get their sums right, Formula E and its governing body cannot escape blame - especially when trying to get teams to commit long-term.

Formula E
Apr 27, 2021
How Valencia E-Prix farce gave Formula E an image problem Prime

How Valencia E-Prix farce gave Formula E an image problem

Formula E was under the microscope at Valencia, on its first visit to a permanent circuit. But after a mere nine drivers were left classified following Saturday's Valencia E-Prix, the electric championship once more faced criticism after rising energy deductions and miscalculations produced a farcical affair.

Formula E
Apr 25, 2021
How Vergne and Vandoorne found redemption in Rome Prime

How Vergne and Vandoorne found redemption in Rome

Another Formula E double-header, another double dose of frantic action. While the form guide remains unpredictable following fightback wins for Jean-Eric Vergne and Stoffel Vandoorne in Rome, the speed and consistency of Mercedes – both on and off the track – could have its rivals worried for what is to follow

Formula E
Apr 12, 2021
What Nissan's commitment to Gen3 reveals about Formula E's future Prime

What Nissan's commitment to Gen3 reveals about Formula E's future

Formula E's Gen3 era grid continues to take shape, after Nissan opted to commit to the series for another four years. Nissan's global chief operating officer explains why it has thrown its lot in with FE while other high-profile marques have decided to call it quits.

Formula E
Mar 24, 2021
Why the new Formula E season got off to such a controversial start Prime

Why the new Formula E season got off to such a controversial start

With the new Formula E season belatedly getting underway in Saudi Arabia, the championship appeared to try to make up for lost time with an overspill of action and controversy on and off the track. While some talking points could have serious repercussions, it was an explosive opener for many reasons.

Formula E
Mar 1, 2021
The eight major plotlines to watch in Formula E 2021 Prime

The eight major plotlines to watch in Formula E 2021

The delayed 2020-21 Formula E season gets underway this week with a double-header in Saudi Arabia. The testing times were too close to call a favourite, but that's not the only area of interest to follow as the championship enters a crucial year

Formula E
Feb 25, 2021
Why Formula E's 2021 season will be a crucial litmus test Prime

Why Formula E's 2021 season will be a crucial litmus test

As off-track politics threatens to overshadow events on it, the upcoming Formula E season is perhaps its most important since the championship's inception. And that's a shame, given that the focus should be on what promises to be its closest title fight yet.

Formula E
Feb 24, 2021
How Mercedes and Porsche can avoid a difficult second FE album Prime

How Mercedes and Porsche can avoid a difficult second FE album

Mercedes and Porsche compete to win and have done so across the board: in Formula 1, sportscars, the Dakar Rally and endurance road races - even working together to break land speed records. Next in the crosshairs is the Formula E teams' championship crown.

Formula E
Feb 17, 2021