Porsche commits to Formula E until at least 2030

German marque becomes third manufacturer to commit to new era of all-electric series.
Formula E

Porsche has committed to Formula E for an additional four years until at least 2030.

Confirmed:

  • German manufacturer’s new deal aligns with the introduction of the Gen4 cars
  • Porsche becomes the third team to commit to the new era after Nissan and Jaguar

Context:

This is a great show of faith from the Stuttgart marque and one that Formula E certainly needed. Having lost big German manufacturers such as BMW, Mercedes and Audi in recent years, losing Porsche would have had severe consequences.

It also follows Porsche’s brief flirtation with Formula One, which ended with a failed attempt to partner with Red Bull, although Porsche Motorsport’s director of motorsport sales Michael Dreiser previously told BlackBook Motorsport that it “remains an interesting racing series for us”.

Comment:

Jeff Dodds, chief executive of Formula E, said: “With their unwavering commitment and innovative spirit, we are thrilled to announce that Porsche will continue to be a cornerstone of our championship for at least another four years.

“Their dedication to the highly anticipated Gen4 era not only pushes the boundaries of technology and performance but also sets a new standard for excellence in worldwide motorsport.

“With Porsche’s expertise and high-performance powertrains as one of the world’s most revered automotive manufacturers, this renewed partnership bolsters an exciting future for Formula E, filled with even more groundbreaking achievements and unforgettable racing moments.”

Coming next:

This announcement comes ahead of Formula E’s return to China for the first time in almost five years. The double-header event at Shanghai International Circuit takes place from 25th to 26th May.

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