PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
How much are Formula 1 electric cars?
I’m a big fan of Formula One racing, and I’ve been wondering if and when the cars are going to start going electric, and how much they’d cost compared to standard Formula 1 cars. How much are Formula One electric cars?
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
In 2020, Formula One pledged that all of its races would be sustainable by 2025. Many fans assumed that would likely come in the form of electric cars. Thus, Formula E—the electric version of Formula One racing—was born.
The cost to run a championship Formula One team has been notoriously high for quite some time, typically in the half-billion dollar range. Formula E racing, on the other hand, is surprisingly cheap to run comparatively.
In the 2018-19 season, Jaguar spent just under $12 million on a two car Formula E team, which is less than 10% of the $145 million capped cost for Formula One racing as of 2021.
The reduced cost to run Formula E racing is exactly in line with the goals of the segment itself, which is to reduce expenses, emissions and overall environmental impact of the race, with an eventual goal to keep the cost of a full season under $3.3 million, excluding the cost of the car build itself.
**When formulating the final cost of the latest Generation 3 Formula E cars, the rulebook for the latest season limited the final cost of each car to €340,000 or $357,473 USD including chassis, battery and powertrain.
Whether you’re driving a high-powered Formula E car or a humble Prius you can get a great deal on your
car insurance
plan with the Jerry
app.Jerry is the easiest and most effective way to find a car insurance policy that is customized for you. After providing you with a comprehensive cross-analysis of the best policies across providers, Jerry will handle the phone calls, paperwork, and renewals for your top pick so that you don’t have to.
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
