Mercedes reserve Formula E slot for 2018-19

Tue Oct 4, 2016 7:58am EDT
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By Alan Baldwin

LONDON (Reuters) - Formula One champions Mercedes could enter the Formula E electric motor racing series in 2018-19 after taking an option to be one of two new teams, they said on Tuesday.

"Mercedes-Benz Grand Prix Ltd (MGP) and Formula E Operations Ltd have signed an agreement by which Mercedes takes an option to enter the FIA Formula E Championship in Season Five," they said in a statement.

"According to the option agreement, Mercedes may choose to be one of the maximum of 12 entries to be proposed by the championship promoter to the FIA to enter the 2018-19 Formula E Championship."

The series has 10 teams at present, who are all expected to continue, with the two new entries to be allocated for 2018-19 subject to the approval of the governing International Automobile Federation (FIA).

The fifth season is set to be a milestone for the world's first all-electric championship with battery development expected to allow drivers to complete races in one car rather than having to switch to a second one mid-race as at present.

Car manufacturers Renault, Citroen's DS brand, Audi, BMW, Jaguar and India's Mahindra are all involved in Formula E, whose 2016-17 season starts in Hong Kong this weekend.

"We have been watching the growth of Formula E with great interest," said Mercedes motorsport head Toto Wolff in a statement.

"At the current time, we are looking at all the options available in the future of motor racing, and we are very pleased with an agreement that secures us an opportunity to enter the series in season five.   Continued...