Home Sport Formula 1 Electric road car change complicates the future of Honda after 2021 Formula...

Electric road car change complicates the future of Honda after 2021 Formula 1

- Advertisement -

Honda is talking to Red Bull about expanding its existence with Formula 1 beyond 2021, but its position is complicated by financial pressure related to electrification on its road car operation.

Clampdowns on the number and type of petrol regulatory. Diesel cars that they can sell are changing the business conditions facing global automakers.

Legislation requires them to switch to electric cars where the investment requires much larger. And profit margins much lower.

The situation further complicated by governments around the world trying to outlaw the sale by 2040 at the latest new cars for petrol, diesel and hybrid engines.

Honda Official Commitment:

Honda officially committed to F1 only until the end of next year. Following a single season extension of its contract with Red Bull and AlphaTauri.

It has admitted that the main issue surrounding its future is not the results it achieves in F1. But how broader problems affect its finances for the global car market.

We are consulting with Red Bull about the future after 2021, Masashi Yamamoto, Honda’s F1 managing director. This told by Autosport.

But the other thing we have to consider that because of electrification the entire car industry faced with a very difficult situation.

Many businesses have a lot to invest in. So, we have to think about the business side and how efficient we can run the program. That’s what it is about.

Yamamoto’s comments on the impact of regulatory restrictions come weeks after Alain Prost. A non-executive board member of Renault voiced concerns over government restrictions on what road car companies might do.

We don’t even know what technology we will have in the automobile industry in the next 10 years, he said.

There’s a lot of dumb regulation happening. We are going to kill the European automobile industry.

It’s absolutely dumb.

While the imposed shift to electric cars could make Formula E more appealing in the short term for automakers like Honda. Yamamoto said that F1 remained a target for Honda.

- Advertisement -

Newsletter

Sign up for latest news, important updates and special tutorials.

2,720,046FansLike
40,862FollowersFollow
22FollowersFollow
243SubscribersSubscribe

Must Read

Ford Endeavor Sport Edition Launch Date, Specs, Mileage, Price, And Latest Update Here !!!

The Ford Endeavor Sport has been launched in India, priced at Rs 35.10 lakh. The Ford Endeavor Sport is a special edition that is...

Tata Nexon EV Car 3D Platform Launched: Know Here All the Features of Tata Nexon Electric Car in 3D View !!!

On the occasion of World Electric Vehicle Day, Tata Motors showcased all the variants from Nexon Electric with a 3D view. The company has...

Volkswagen Tiguan X Coupe Car: Know About Launch Date, Specs, Mileage, Price, And All Information !!!

Volkswagen has revealed the Tiguan X, its coupe SUV. Photos of the Tiguan X Coupe have been shared on social media. It is a...

Know Everything About Tata HBX Micro SUV Car Launch Date, Specs, Price, And All Information !!!

Domestic carmaker Tata Motors is currently working on its micro SUV Tata HBX. The company showcased this SUV at the Auto Expo 2020 held...

Know About Mercedes-Benz EQC 400 Launch Date, Specs, Review, Mileage, Price, And Everything Latest Update Here !!!

Mercedes-Benz has updated its electric SUV EQC 400 on the Indian website. Last week this car was seen in a showroom in Delhi. Mercedes...

Know Everything About BS6 Honda Jazz Variant Wise Features, Specs, Mileage, Price, And More Information !!!

Car manufacturer Honda Cars India recently launched the new-generation Honda Jazz, and it's premium hatchback car. The company has launched the Car at an...

Citroen C3 Sporty: Know About Expected Launch Date, Specs, Features, Price, And More Information !!!

Car manufacturer Citroen is preparing to launch its first car in the Indian market. According to the information, Citron may present its C5 Aircross...

Car Company Honda Announced its First Electric Car Will be Named “Honda E” !!!

While most carmakers are focusing on making electric sedans and electric SUVs, Japanese carmaker Honda Cars are preparing to make a small car as...

New Hyundai i20 Elite Car: Know About Specs, Mileage, Review, Launched Date, And Every Latest Update Here !!!

The new Hyundai i20 is scheduled to be launched in October, due to which the company has been doing road testing of this car...

New Honda Jazz TVC Launched In Indian Market Recently, Know Car Features, Specs, Mileage, And All Information !!!

Japanese carmaker Honda Cars has launched its premium hatchback Honda Jazz in the Indian market. The company has launched this car for Rs 7.49...