Honda shocks F1, says it can stop the game after 2021

On Friday morning in Tokyo, the Honda Motor Firm shocked the world of Formulation 1 by asserting it has determined to go away the game on the finish of 2021. The choice was defined in a speech by Honda President and CEO Takahiro Hachigo:

At the moment, Honda decided to additional speed up such initiatives and attempt for “the conclusion of carbon neutrality by 2050” in an effort to understand a sustainable society. To this finish, our present aim of “electrifying two-thirds of our world vehicle unit gross sales in 2030” will turn into a checkpoint we should move earlier than we get to the 2050 aim, and subsequently we should additional speed up the introduction of our carbon-free applied sciences.

As a substitute of spending $164 million (€140 million) a yr on an F1 engine program, Honda will as a substitute commit these assets to carbon-free expertise for street automobiles, together with battery and gasoline cell electrical automobiles. A Honda Formulation E program has already been dominated out, however we consider the IndyCar program will proceed unchanged, on condition that it’s funded by the American Honda Motor Firm.

By my rely, that is the fifth time that the Japanese automaker has stop F1; it contested the game as a producer of its personal automobile and engine between 1964-1968 and from 2006-2008 and as simply an engine provider to different groups within the 1980s, 2000s, after which once more since 2015.

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