Porsche planning to enter Formula E

From 2019, German sports-car maker Porsche will have its own team competing in the full electric racing series Formula E. As a result, the company will be ending its involvement in the LMP1 class of the FIA World Endurance Championship (WEC) at the end of the 2017 season. Porsche maintains its focus on international GT racing, and will also concentrate its motorsport strategy on using the 911 RSR in the GT class of the FIA World Endurance Championship, the highlight of which is the 24 Hours of Le Mans, as well as the American IMSA WeatherTech SportsCar Championship and other long-distance classics.

Michael Steiner, Member of the Executive Board for Research and Development at Porsche AG:

“Entering Formula E and achieving success in this category are the logical outcomes of our Mission E. The growing freedom for in-house technology developments makes Formula E attractive to us. Porsche is working with alternative, innovative drive concepts. For us, Formula E is the ultimate competitive environment for driving forward the development of high-performance vehicles in areas such as environmental friendliness, efficiency and sustainability.”

Porsche has already taken the first steps towards developing its own Formula E racing car this year. The realignment of its motorsport is derived from the direction set out for the company in Porsche Strategy 2025, which will see the auto maker develop a combination of pure GT vehicles and fully electric sports cars, such as the first fully battery-powered Mission E road car.

Formula E is the world’s first purely electric racing series and was launched on September 13, 2014. The International Automobile Federation, or FIA, which is also responsible for Formula 1, has organised the series to make a statement in favour of electromobility and to get more young people excited about motorsport. The race venues are specially designed street courses in the heart of major cities.