The FIA Formula E Championship could hit New York and Paris in the next years, CEO Alejandro Agag told Forbes. World’s first fully-electric racing series launches in September in Beijing and has venues in cities like Berlin, London, Los Angeles, Miami, Monte Carlo and Rio de Janeiro.
Formula 1 has been in discussions about hosting a street race for a long time, but so far it never came off the ground. Formula E has the benefit that it would not require a Grade 1 race track that would cost hundred of millions and the electric championship doesn’t ask a free upfront while staging a F1 race would cost New York $27 million hosting fee.
In return, Formula E asks the cities to arrange an ‘A location’ for the event as well as assistance with the preparations and introductions to local sponsors. “In New York hospitality revenues would be huge, so Leo Hindery jr. (New York F1 race promoter) should put the money forward and he would recover it,” Agag told Forbes. “We are working with the city but we are kind of waiting what happens with Formula 1.”
In addition, Paris might be the next city on Formula E’s calendar. As it’s home of the FIA, strong supporter of the series, Agag is keen to visit the French capital city. “Paris is ready. A street race in the centre of Paris. We have been looking at every place in Paris, but there are really cool places where you have all the monuments in the background.”