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Briefing
8 min read

Formula E: a sustainable future?

With increasing global focus on sustainability, a look at the world’s first and only zero carbon sport.

  • 316 million people watched a Formula E race live in the 2021 season, an increase of 32% on 2020
  • Formula E’s spending cap of €13m is less than 10% of the F1 cost cap of $140m in 2022
  • After peaking at 31.6m in 2019, average audiences fell to 21.8m in 2020 and further to 21.1m in 2021

At the start of Formula E’s eighth season, which opened at the Diriyah ePrix in Saudi Arabia at the weekend, expectations are high for a return to growth.

Since its debut in 2014 Formula E remains the only sport to be certified with a net zero carbon footprint and markets itself as one of the fastest-growing sports properties in the world. The race series primarily targets a younger audience than other motorsports, with Gen Z viewers more socially conscious and preferring to view shorter sports formats. As a result, Formula E is often seen as the emerging sport for future consumers and the property has been successful in attracting well-known car brands, constructors, and sponsorship revenue.

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