Alejandro Agag, Chairman of Formula E, assumes that sooner or later his electric racing series will almost inevitably replace Formula 1 or at least merge with it. The Spaniard revealed this in an interview with the podcast ‘Current Affairs’ from our sister platform ‘Autosport’.
Agag is not so daring to say that his Formula E will in the long run become a premier class in motorsport. But due to the electrical orientation of the future of the automotive industry, he assumes that sooner or later there will be no way around his model.
“I’ve been saying for a long time that Formula E will be the sport that represents industry,” says Agag. In his opinion, Formula 1 has “three options” in the long term. First: a fusion of Formula 1 and Formula E. “It doesn’t happen at the moment,” he emphasizes. “Maybe in a few years. Formula 1 would then be purely electric.”
“Perhaps,” he continues – secondly, “Formula 1 also decides to stay with the combustion engine, and it doesn’t care about the connection to the automotive industry. That is also an option. Horse racing has nothing to do with the automotive industry either – but it does there are still horse races. Formula 1 would then be a sport with no connection to industry. ”
¿Pbtag | # AutosportPodcastAgag # | pb¿ Because, according to Agag’s thesis: Motorsport is only interesting for Daimler, FIAT, Honda, Renault & Co. if a connection to series production can be established. The approach of marketing Formula 1 as entertainment and continuing to drive with internal combustion engines, although people have long been driving electric cars, is permissible. But the factories would not support that.
Agag definitely sees himself sitting on the long branch, because only he has the license for an electrically operated, global FIA formula series. The third option would therefore be: “Formula 1 waits until 2039 and secures the license for an electrically operated single-seater championship that we have until then. These are the three options.”
The businessman, who once had close ties to Flavio Briatore in international motorsport, is striving to reach an agreement with the current premier class: “The first option is a merger or an agreement between us, something in the direction. That is certain the first option – and the one that I would prefer. ”
Should such a merger occur – presumably a lucrative business for Formula E, which has the valuable license – he would not be available as the series boss. For him, Agag emphasizes, with his new project Extreme E, topics like “climate change and gender equality” have priority. The role as Formula 1 / E boss is therefore “absolutely not possible”.