Formula 1 Will Never Go Electric, CEO Says
To help lower emissions, F1 is developing a zero-emission petrol that “could be used by planes and vessels” as well, Domenicali said.
(Bloomberg) -- Formula 1 “will never switch to electric,” Stefano Domenicali, president and chief executive officer of the motor sport group, said in an interview published by Italian newspaper Il Sole 24 Ore on Sunday.
To help lower emissions, F1 is developing a zero-emission petrol that “could be used by planes and vessels” as well, Domenicali said.
Domenicali criticized politicians for setting impossible energy-transition targets and for having an ideological approach to electric, which has become “an indisputable dogma.”
“It’s possible to reach zero emissions without changing engines or throwing away existing cars,” Domenicali told the newspaper.
This week, the European Parliament signed off on a deal reached with member states last year that requires automakers to reach a zero-emission target by 2035 and to cut pollution levels by 55% this decade.
Acquired in 2017 by US-based Liberty Media Corp. in a $4.4 billion deal, Formula 1 has embarked under Domenicali on a plan to both expand its popularity and its geographical reach, especially in the US.
Read more: F1 Want Women in the Cockpit for First Time Since 1976
(Corrects to remove reference to Bernie Ecclestone’s successor in a story that ran on Feb. 19)
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