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.

- Advertisement -

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.

Also Read:  F1 boss Chase Carey gives out 2020 calendar: New Agreements and Regulations

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 -

Must Read

Renault India Gave Good News Amidst Corona Crisis, Employees Will Get Promotion And Increment

The French car company Reno has raised a ray of hope at a time when economic activity has come to a standstill due to...

Lorenzo really wanted to do the Wildcard in 2020, but Hard Luck.

This discussion is how Lorenzo failed to get his Yamaha Comeback. Well, he is a five-time World champion. He was looking for a wild...

Cheer up!!! Mustang Mach 1 will be back in 2021

The Ford fans were shocked when it named the all-new electric Mustang as " Mach-EV". It had major mixed reactions. Suddenly the fan's favorite...

F1 boss Chase Carey gives out 2020 calendar: New Agreements and Regulations

Formula 1 took a step ahead for the restarting of the Formula 1 races. This is for the season 2020. This is done by...

Car Loan Interest rates lowest in Seven years But not for long.

As we proceed with the pandemic, hopes are reviving. Despite the losses, we shall go again for profits. We see the nation grapple with...

2021 F1 Aero Rules – Changes and Hurts

We shall tell you that the new Aerodynamics regulations are postponed. They shall see the light in 2022. But still, we see huge changes...

Red Bull good with Verstappen and Albon for Vettel’s Return

Sebastian went well with Red Bull. They go for thirty-eight wins, sixty-five podiums, and 44 poles. They also got four championships. So, we may...

Ex McLaren Kovalainen reveals advises to Bottas to beat Hamilton

This season seems to revolve around Valterri Bottas’ Career at Mercedes. And also his contract that is going to end this year last. He...

BMW with massive grille launched, finally…

The BMW had teased a new concept with massive kidney-shaped grille, at Frankfurt Motor show last year. BMW has finally launched the concept car. Codenamed...