Porsche has officially announced to end its current LMP1 programme. Instead, the manufacturer of high-performance vehicles will enter the FIA Formula E Championship in 2019/20.
Porsche joins fellow German car makers Audi, BMW and Mercedes-Benz that have announced a Formula E factory entry in the recent months. Audi already stopped its LMP1-programme in the end of 2016 in order to prepare for becoming a works team in Formula E – in cooperation with the existing ABT Formula E Team – from season four (2017/18). BMW follows one year later by taking over the Andretti team, with whom they already have a partnership. Just like Porsche, Mercedes-Benz announced to enter the electric racing series in season six as well.
The decision was taken when the company set out the Porsche Strategy 2025 which will see the brand develop a combination of pure GT vehicles and fully electric sports cars, such as the battery-electric Mission E road car.
“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,” says Michael Steiner, Member of the Executive Board for Research and Development at Porsche AG.
“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. At the same time it will increase its commitment in the current GT classes with the model 911 RSR.