"Want to help shape Formula E in the long term" - Porsche extends commitment by 2 more years until 2026

The German car manufacturer Porsche will remain in Formula E until the end of its twelfth season (2025/26). This extends the commitment of the last remaining German manufacturer in the racing series for another two years. This was announced by the Weissach-based team on Monday afternoon.

After plans for a Formula One return by Porsche fell through a few months ago - the manufacturer is said to have been on the verge of buying 50 percent of the Red Bull Racing team - a stay in Formula E beyond 2024 had already been hinted at.

The debut season of the Gen3 car has been Porsche's most successful to date, with the TAG Heuer Porsche Formula E Team taking four victories in the first 14 races of the season, plus customer team Avalanche Andretti winning two more races. In the team standings, the factory team is in second place, and in the drivers' standings, Andretti driver Jake Dennis even leads the overall standings.

With the extension of the Formula E program, Porsche is thus not only active in the electric series until the end of the current Gen3 era, but also brings itself into the discussions about the fourth generation of vehicles. Even though the introduction in more than three years still seems to be in the distant future, the discussions about the technical framework have been going on for months, recently, the first tenders have already been published.

"We want to showcase innovative technologies and more sustainability in motor racing and be on the leading edge of new developments," describes Thomas Laudenbach, Head of Porsche Motorsport. "Formula E plays a major role in this. The competition in this series is exceptionally high and enables us to provide important impetus for future production models. With such top-level and enthralling races, it excites people around the globe about electric mobility. We’re pleased to contribute to this in the future as well. We want to help shape Formula E in the long term."

Steiner: "Giving electric mobility even more momentum on a global scale"

"With our entry into Formula E, we have opened a new chapter in all-electric motorsport," says Michael Steiner, Member of the Executive Board for Research and Development at Porsche. "We’re convinced that our presence and successes in Formula E will continue to lay a foundation for future mobility solutions. It offers the most competitive environment to accelerate the development of high-performance vehicles with a focus on environmental friendliness and energy efficiency. We look forward to actively shaping the successful future of Formula E and thereby giving electric mobility even more momentum on a global scale."

"Porsche has been a valued and influential team since joining Formula E and we are excited that this will continue," said Alejandro Agag, founder and CEO of Formula E. "The championship is enabling Porsche to accelerate development of the innovative EV technologies we see in their road cars, while the team is an active member of the group, driving the development of the next generation of Formula E cars to arrive in season 13."

"Porsche’s commitment to racing in the ABB FIA Formula E World Championship will undoubtedly maintain the quality of sporting competition and entertainment at the highest level in the coming seasons," affirms Jeff Dodds, Formula E's managing director. "Porsche’s presence on the grid battling against other iconic racing automakers is what makes Formula E the most competitive grid in motorsport."

First up for Porsche, however, is the London E-Prix, where the drivers' and teams' championship titles are up for grabs: the 2023 season finale will be held in the British capital on July 29 and 30. The first world championship title in the team's history is a realistic goal, with Porsche only 14 points behind Envision Racing.