Mercedes-Benz has officially confirmed that it will be joining Audi and BMW on the Formula E grid. Reports have confirmed this entry in accordance to promote the upcoming ‘EQ’ electric cars.
This means that the car manufacturing company will ditch its activities in the DTM championships next year in Germany ahead of its assault on the all-electric single seater racing series.
However, this news doesn’t come as a surprise due to the firm being a potential entry last year. This was due to it signing an ‘option agreement’ in order to potentially enter the sport from next year onwards.
This means that the Formula E development of new electric powertrain technology will come alongside the championship-winning Formula One outfit. The EQ all-electric cars are the first that is set to appear when Mercedes begins racing in 2019.
Following the release of the first Mercedes EQ car two years from now, we do ultimately expect them to launch ten new EVs by 2025.
Explaining the move from a motorsport perspective, Toto Wolff, head of Mercedes Motorsport, added: “I am pleased that we were able to extend our entry option for one year to the 2019/20 season. This gives us time to properly understand the series and to prepare for our entry in the right way.”
Formula E founder and CEO Alejandro Agag said: “Today is a great day as we welcome Mercedes to the Formula E family – adding to the increasing number of manufacturers joining the electric revolution.”
This is the third Formula E announcement from a German Manufacturer in weeks. Earlier this month Audi and BMW said they have plans of their own for Formula E entries, which means that all three German premium car makers are set to be in the sport by 2019.
Of course, they are set to go head to head with the likes of Renault, Jaguar and DS.