Electric Vehicle - EV development costs lower?
The recent news that Mitsubishi was interested in a F1 based on the electric vehicle is quite some news. What caught my attention was the claim of Mitdubishi's Osamu Masuko that an electric vehicle has much lower development costs. It makes sense if you look at the relative simplicity of the electric drive train compared to a conventional one with an internal combustion engine, but mostly you hear about the huge costs associated with EVs so this surprised me a little.
Not sure if this shift will make the F1 a bit cheaper to participate in, or if this news will help EVs achievea lower price tag soon, but a claim to remember for sure.
Mitsubishi "very interested" in electric F1 racing league
In early April, Jean Todt, president of the Federation Internationale de l’Automobile (FIA), made it known that he hopes to launch a couple of racing events (electric car, go-kart and single-seat vehicles) that will eventually lead to an electrified Formula One series. Though Todt’s plans will likely be opposed by F1 supremo Bernie Ecclestone, that hasn’t prevented Mitsubishi from declaring that it’s “very interested” in a racing series for electric vehicles. Japan Today reports that Mitsubishi president Osamu Masuko is intrigued by the notion of electric racecars. Masuko supposedly told the newspaper that:
The development costs for electric vehicles seem much lower than for gasoline cars, and it would also contribute to the technological development of cars that are already on the market. I’m said to be unenthusiastic about motorsports, but with electric vehicles, I want to promote them.